Tariff rate, most favored nation, weighted mean, primary products (%) in Panama
Panama: Tariff rate, most favored nation, weighted mean, primary products (%) was 11.2% in 2022. ▲ Rising
Tariff rate, most favored nation, weighted mean, primary products in Panama, 1997–2022
Source: Staff estimates. Measured in %.
Analysis
Panama recorded 11.2% for tariff rate, most favored nation, weighted mean, primary products in 2022.
The figure is down 10.3% on the previous year and up 53.9% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, primary products in Panama peaked at 14.2% in 2020 and was at its lowest, 5.8%, in 2001.
Panama ranks 60th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Tariff rate, most favored nation, weighted mean, primary products (%) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 9.6% | — |
| 1998 | 9.7% | +0.7% |
| 1999 | 7.5% | -22.6% |
| 2000 | 6.1% | -17.8% |
| 2001 | 5.8% | -5.5% |
| 2002 | 7.0% | +20.0% |
| 2003 | 9.7% | +39.1% |
| 2004 | 8.5% | -12.2% |
| 2005 | 8.2% | -3.8% |
| 2006 | 9.2% | +12.2% |
| 2007 | 9.4% | +2.3% |
| 2008 | 11.8% | +25.5% |
| 2009 | 11.9% | +1.4% |
| 2010 | 12.4% | +3.5% |
| 2011 | 11.2% | -9.0% |
| 2012 | 7.3% | -35.4% |
| 2013 | 7.6% | +4.1% |
| 2015 | 13.5% | +78.6% |
| 2020 | 14.2% | +4.7% |
| 2021 | 12.5% | -11.9% |
| 2022 | 11.2% | -10.3% |
Panama compared with similar countries
- Panama's 11.2% is above the median for high income countries, which is 2.2%, 5.1× the median. (64 countries reporting)
- Panama's 11.2% is above the median for Latin America & Caribbean, which is 10.9%, 1.0× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.9% | 7.5% | 9.7% | 3 |
| 2000s | 8.8% | 5.8% | 11.9% | 10 |
| 2010s | 10.4% | 7.3% | 13.5% | 5 |
| 2020s | 12.6% | 11.2% | 14.2% | 3 |
Countries ranked near Panama
- 57 Kyrgyzstan 11.3% compare
- 58 Iceland 11.3% compare
- 59 Sri Lanka 11.2% compare
- 61 Saint Kitts and Nevis 11.0% compare
- 62 Syria 10.8% compare
- 63 Trinidad and Tobago 10.8% compare
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, primary products in Panama?
- Tariff rate, most favored nation, weighted mean, primary products in Panama was 11.2% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, primary products recorded in Panama?
- The highest recorded value was 14.2% in 2020.
- What is the lowest tariff rate, most favored nation, weighted mean, primary products recorded in Panama?
- The lowest recorded value was 5.8% in 2001.
- How does Panama rank for tariff rate, most favored nation, weighted mean, primary products?
- Panama ranks 60th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, primary products rising or falling in Panama?
- Over the last ten years it is up 53.9%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, weighted mean, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).