Average tariff applied by developed countries … most-favored in Panama
Panama: Average tariff applied by developed countries … most-favored was 5.9% in 2024. ◆ Volatile
Average tariff applied by developed countries, most-favored nation in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Panama recorded 5.9% for average tariff applied by developed countries, most-favored nation in 2024. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 4.8% on the previous year and down 12.7% over ten years.
Over the whole period, average tariff applied by developed countries, most-favored nation in Panama peaked at 25.2% in 2000 and was at its lowest, 5.9%, in 2024.
Panama ranks 125th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Average tariff applied by developed countries … most-favored in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 25.2% | — |
| 2005 | 25.1% | -0.4% |
| 2010 | 15.2% | -39.3% |
| 2011 | 15.1% | -0.6% |
| 2012 | 7.2% | -52.6% |
| 2013 | 6.8% | -5.0% |
| 2014 | 6.8% | +0.0% |
| 2015 | 6.8% | +0.0% |
| 2016 | 6.8% | -0.2% |
| 2017 | 6.8% | -0.4% |
| 2018 | 6.8% | +0.3% |
| 2019 | 6.3% | -8.0% |
| 2020 | 6.2% | -0.0% |
| 2021 | 6.3% | +0.0% |
| 2022 | 6.3% | +0.1% |
| 2023 | 6.2% | -0.2% |
| 2024 | 5.9% | -4.8% |
Panama compared with similar countries
- Panama's 5.9% is below the median for high income countries, which is 9.1%, 65% of the median. (75 countries reporting)
- Panama's 5.9% is below the median for Latin America & Caribbean, which is 6.5%, 91% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Average tariff applied by developed countries … most-favored in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | -52.6% | 15.1% | 7.2% |
| 2010 | -39.3% | 25.1% | 15.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.1% | 25.1% | 25.2% | 2 |
| 2010s | 8.5% | 6.3% | 15.2% | 10 |
| 2020s | 6.2% | 5.9% | 6.3% | 5 |
Countries ranked near Panama
More development goals data for Panama
- Red List Index 0.7539 (2025)
- Number of refugees per 100,000 population, by country of origin 7.39 (2025)
- Manufacturing value added per capita 860.74 (2025)
- Number of transboundary breeds 45 (2025)
- Number of transboundary breeds (not extinct) 45 (2025)
- Number of transboundary breeds with unknown risk status 1 (2025)
- Number of local breeds with unknown risk status 2 (2025)
- Number of local breeds (not extinct) 9 (2025)
- Number of local breeds kept in the country 9 (2025)
- Infant deaths 855 (2024)
Frequently asked questions
- What is average tariff applied by developed countries, most-favored nation in Panama?
- Average tariff applied by developed countries, most-favored nation in Panama was 5.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average tariff applied by developed countries, most-favored nation recorded in Panama?
- The highest recorded value was 25.2% in 2000.
- What is the lowest average tariff applied by developed countries, most-favored nation recorded in Panama?
- The lowest recorded value was 5.9% in 2024.
- How does Panama rank for average tariff applied by developed countries, most-favored nation?
- Panama ranks 125th out of 236 countries with data for 2024.
- Is average tariff applied by developed countries, most-favored nation rising or falling in Panama?
- Over the last ten years it is down 12.7%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average tariff applied by developed countries, most-favored nation status, by type of product (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under UN SDG Global Database (open, attribution requested).