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Government Finance of Panama

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

12.1% 9.9% 42.3% 28.0%
  • Personal income taxes: 12.1%
  • Corporate income taxes: 9.9%
  • Social security contributions: 42.3%
  • Payroll taxes: 1.4%
  • Property taxes: 1.8%
  • Goods and services taxes: 28.0%
  • Other taxes: 0.3%
Show table
Personal income taxes
12.1%
Corporate income taxes
9.9%
Social security contributions
42.3%
Payroll taxes
1.4%
Property taxes
1.8%
Goods and services taxes
28.0%
Other taxes
0.3%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 57.7% #79 / 184 2026
Government Gross Debt (Local currency - PAB) 54.9B - 2026
Government Net Debt (% of GDP) 42.2% #48 / 86 2026
Government Net Debt (Local currency - PAB) 40.1B - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -3.4% #105 / 189 2026
Fiscal Balance (Local currency - PAB) -3.22B - 2026
Primary Fiscal Balance (% of GDP) -0.4% #66 / 182 2026
Primary Fiscal Balance (Local currency - PAB) -361M - 2026

Revenue and Spending

Government Revenue (% of GDP) 18% #148 / 189 2026
Government Revenue (Local currency - PAB) 17.1B - 2026
Government Spending (% of GDP) 21.4% #147 / 189 2026
Government Spending (Local currency - PAB) 20.3B - 2026

International Reserves

Total Reserves (USD) 6.86B #84 / 163 2024

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