Panama

Tax Revenue

9.94
percent of GDP
Dec 14Dec 15Dec 16Dec 17Dec 180.0005.00010.0015.0020.00
  • Panama
  • Global Median
Source: IMF

Definition of Tax Revenue

Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

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