Tariff rates in Panama
Panama: Tariff rates was 5.93 in 2022. ▼ Falling
Latest (2022)
5.93
Change on year
down 7.8%
World rank
73rd
of 184 countries
All-time high
10.62
in 1997
All-time low
5.41
in 2015
Years of data
21
1997–2022
Tariff rates in Panama, 1997–2022
Source: Our World in Data.
Analysis
In 2022, tariff rates in Panama stood at 5.93.
That represents a change of down 7.8% on the previous year and down 3.3% over ten years.
Over the whole period, tariff rates in Panama peaked at 10.62 in 1997 and was at its lowest, 5.41, in 2015.
That places Panama 73rd out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Tariff rates in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 10.62 | — |
| 1998 | 8.69 | -18.2% |
| 1999 | 7.83 | -9.9% |
| 2000 | 7.19 | -8.2% |
| 2001 | 6.86 | -4.6% |
| 2002 | 7.46 | +8.7% |
| 2003 | 7.89 | +5.8% |
| 2004 | 7.63 | -3.3% |
| 2005 | 6.91 | -9.4% |
| 2006 | 7.6 | +10.0% |
| 2007 | 7.54 | -0.8% |
| 2008 | 7.24 | -4.0% |
| 2009 | 7.04 | -2.8% |
| 2010 | 6.93 | -1.6% |
| 2011 | 5.76 | -16.9% |
| 2012 | 6.13 | +6.4% |
| 2013 | 6.08 | -0.8% |
| 2015 | 5.41 | -11.0% |
| 2020 | 5.77 | +6.7% |
| 2021 | 6.43 | +11.4% |
| 2022 | 5.93 | -7.8% |
Panama compared with similar countries
- Panama's 5.93 is above the median for high income countries, which is 1.33, 4.5× the median. (64 countries reporting)
- Panama's 5.93 is below the median for Latin America & Caribbean, which is 7.01, 85% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.05 | 7.83 | 10.62 | 3 |
| 2000s | 7.34 | 6.86 | 7.89 | 10 |
| 2010s | 6.06 | 5.41 | 6.93 | 5 |
| 2020s | 6.04 | 5.77 | 6.43 | 3 |
Countries ranked near Panama
- 70 Tonga 6.44 compare
- 71 Liberia 6.22 compare
- 72 Malawi 5.95 compare
- 74 French Polynesia 5.75 compare
- 75 South Korea 5.66 compare
- 76 Afghanistan 5.63 compare
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is tariff rates in Panama?
- Tariff rates in Panama was 5.93 in 2022, according to Our World in Data.
- What is the highest tariff rates recorded in Panama?
- The highest recorded value was 10.62 in 1997.
- What is the lowest tariff rates recorded in Panama?
- The lowest recorded value was 5.41 in 2015.
- How does Panama rank for tariff rates?
- Panama ranks 73rd out of 184 countries with data for 2022.
- Is tariff rates rising or falling in Panama?
- Over the last ten years it is down 3.3%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Tariff rates. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Our World in Data).