Tariff rate, most favored nation, weighted mean, all products (%) in Panama
Panama: Tariff rate, most favored nation, weighted mean, all products (%) was 5.9% in 2022. ▼ Falling
Tariff rate, most favored nation, weighted mean, all products in Panama, 1997–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, weighted mean, all products in Panama stood at 5.9%.
That represents a change of down 7.8% on the previous year and down 3.3% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Panama peaked at 10.6% in 1997 and was at its lowest, 5.4%, in 2015.
That places Panama 109th out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Tariff rate, most favored nation, weighted mean, all products (%) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 10.6% | — |
| 1998 | 8.7% | -18.2% |
| 1999 | 7.8% | -9.9% |
| 2000 | 7.2% | -8.2% |
| 2001 | 6.9% | -4.6% |
| 2002 | 7.5% | +8.7% |
| 2003 | 7.9% | +5.8% |
| 2004 | 7.6% | -3.3% |
| 2005 | 7.2% | -6.2% |
| 2006 | 8.0% | +11.7% |
| 2007 | 8.0% | +0.1% |
| 2008 | 8.1% | +1.6% |
| 2009 | 7.0% | -13.5% |
| 2010 | 6.9% | -1.6% |
| 2011 | 5.8% | -16.9% |
| 2012 | 6.1% | +6.4% |
| 2013 | 6.1% | -0.2% |
| 2015 | 5.4% | -11.6% |
| 2020 | 5.8% | +6.7% |
| 2021 | 6.4% | +11.4% |
| 2022 | 5.9% | -7.8% |
Panama compared with similar countries
- Panama's 5.9% is above the median for high income countries, which is 2.7%, 2.2× the median. (64 countries reporting)
- Panama's 5.9% is below the median for Latin America & Caribbean, which is 9.2%, 64% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.0% | 7.8% | 10.6% | 3 |
| 2000s | 7.5% | 6.9% | 8.1% | 10 |
| 2010s | 6.1% | 5.4% | 6.9% | 5 |
| 2020s | 6.0% | 5.8% | 6.4% | 3 |
Countries ranked near Panama
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 19.0% (2025)
- Manufactures imports 60.7% (2025)
- Merchandise imports 25.76 billion current US$ (2025)
- Commercial service imports 5.82 billion current US$ (2025)
- Food exports 49.6% (2025)
- Manufactures exports 12.6% (2025)
- Merchandise exports 11.90 billion current US$ (2025)
- Commercial service exports 20.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, all products in Panama?
- Tariff rate, most favored nation, weighted mean, all products in Panama was 5.9% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Panama?
- The highest recorded value was 10.6% in 1997.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Panama?
- The lowest recorded value was 5.4% in 2015.
- How does Panama rank for tariff rate, most favored nation, weighted mean, all products?
- Panama ranks 109th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Panama?
- Over the last ten years it is down 3.3%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, weighted mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database.