Panama - Net taxes on products (current US$)

The latest value for Net taxes on products (current US$) in Panama was $1,756,629,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $2,302,500,000 in 2016 and $23,991,800 in 1960.

Definition: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $23,991,800
1961 $26,765,400
1962 $28,568,300
1963 $28,152,200
1964 $29,885,800
1965 $34,739,600
1966 $37,166,500
1967 $41,188,300
1968 $42,783,100
1969 $49,509,100
1970 $57,899,300
1971 $64,018,800
1972 $65,901,700
1973 $69,353,700
1974 $79,709,600
1975 $69,353,700
1976 $69,981,300
1977 $71,393,500
1978 $89,438,000
1979 $106,854,800
1980 $123,173,400
1981 $137,316,400
1982 $145,159,400
1983 $156,859,600
1984 $179,102,800
1985 $196,203,100
1986 $230,146,500
1987 $220,374,900
1988 $112,630,300
1989 $136,030,700
1990 $207,517,500
1991 $214,717,600
1992 $256,632,600
1993 $361,805,700
1994 $382,634,500
1995 $387,263,200
1996 $400,249,100
1997 $406,429,100
1998 $457,319,400
1999 $481,372,200
2000 $432,252,000
2001 $428,912,300
2002 $487,525,700
2003 $532,929,800
2004 $569,694,400
2005 $657,000,000
2006 $662,457,400
2007 $844,600,000
2008 $978,200,000
2009 $1,080,200,000
2010 $1,255,500,000
2011 $1,502,300,000
2012 $1,648,100,000
2013 $1,755,800,000
2014 $1,971,200,000
2015 $2,070,000,000
2016 $2,302,500,000
2017 $2,279,273,000
2018 $2,210,847,000
2019 $2,120,139,000
2020 $1,756,629,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts