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Panama Government Revenue

General government revenue as % of GDP  GGR_NGDP

17.68% +1.94% (+12.4%)
Year 2025 Rank #151 Global Peak 28.22% (1995) Source IMF WEO

Panama Government Revenue (1994–2025)

Overview

Panama's government revenue stood at 17.68% in 2025, a rise of +1.94% from 2024. The IMF projects 17.68% by 2025. Panama ranked 151st globally.

Data & projection

Year Government Revenue YoY change Rank
2030* IMF 19.61% - -
2029* IMF 19.42% - -
2028* IMF 18.86% - -
2027* IMF 18.33% - -
2026* IMF 17.98% - -
2025* IMF 17.68% - -
2025 17.68% +1.94% #151
2024 15.73% −1.75% #165
2023 17.48% +0.12% #151
2022 17.37% +0.06% #153
2021 17.30% −0.04% #149
2020 17.34% −0.41% #154
2019 17.75% −1.20% #157
2018 18.95% −0.34% #148
2017 19.29% −0.11% #143
2016 19.40% +0.32% #133
2015 19.08% −0.67% #145
2014 19.76% −1.29% #143
2013 21.05% −0.46% #135
2012 21.50% −0.08% #134
2011 21.58% −0.94% #131
Show all years (1994-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +17.9% GDP growth 2.9% C/A balance 0.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →

Frequently Asked Questions

What is Panama's government revenue?

Panama's government revenue was 17.68% in 2025. Ranked 151st globally. This represents a 12.4% increase from the previous year.

What was the highest government revenue in Panama?

Panama's government revenue peaked at 28.22% in 1995.

What was the lowest government revenue in Panama?

The lowest government revenue in Panama was 15.73% in 2024.

How does Panama rank in government revenue?

Panama ranks 151st globally in government revenue as of 2025.

What is the World Bank indicator code for government revenue?

The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.

What is the projected government revenue of Panama in 2025?

Panama's government revenue is projected to reach 17.68% by 2025 based on IMF projection.

What is the government revenue of Panama in 2025?

The government revenue of Panama in 2025 was 17.68%. This ranks 151st in the world.

Cite this page

APA
Panama Government Revenue. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/panama/government-revenue
BibTeX
@misc{historysaid_panama_government-revenue, title = {Panama Government Revenue}, url = {https://historysaid.com/panama/government-revenue}, publisher = {HistorySaid}, year = {2026} }