Panama Government Revenue
General government revenue as % of GDP GGR_NGDP
Panama's government revenue was 17.68% in 2025, ranked 151st globally. This represents a 12.4% increase from 2024. Data from IMF WEO, covering 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.
Panama's government revenue has experienced a significant decline, falling to 17.68% of GDP in 2025, its lowest level in 32 years. This marked decline follows an all-time peak of 28.22% in 1995, indicating a substantial shift in the country's fiscal landscape. The 2024 trough of 15.73% saw Panama drop to a ranking of 151 globally, behind peer countries such as Kazakhstan (17.84%) and Malawi (17.46%). The downward trend in government revenue is a cause for concern, particularly in the context of Panama's high public debt levels. The country's ability to generate revenue will be crucial in addressing its fiscal challenges and achieving sustainable growth. A sustained economic recovery, potentially driven by increased trade and investment in the Panama Canal, could help to stabilize or even reverse the downward trend in government revenue, but this will depend on the country's ability to implement effective fiscal policies and manage its public finances.
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 |
Detected Pattern
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
Panama's government revenue was 17.68% in 2025. Ranked 151st globally. This represents a 12.4% increase from the previous year.
Panama's government revenue peaked at 28.22% in 1995.
The lowest government revenue in Panama was 15.73% in 2024.
Panama ranks 151st globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Panama's government revenue is projected to reach 17.68% by 2025 based on IMF projection.
The government revenue of Panama in 2025 was 17.68%. This ranks 151st in the world.
Cite this page
@misc{historysaid_panama_government-revenue,
title = {Panama Government Revenue},
url = {https://historysaid.com/panama/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}