Average tariff applied by developed countries, preferential status in Panama

Panama: Average tariff applied by developed countries, preferential status was 1.9% in 2024. β—† Volatile

Latest (2024)
1.9%
Change on year
down 0.3%
World rank
148th
of 219 countries
All-time high
23.4%
in 2000
All-time low
1.4%
in 2018
Years of data
17
2000–2024

Average tariff applied by developed countries, preferential status in Panama, 2000–2024

05101520252000201220242000: 23.4 %2005: 20 %2010: 10.2 %2011: 10.1 %2012: 1.8 %2013: 1.5 %2014: 1.4 %2015: 1.4 %2016: 1.4 %2017: 1.4 %2018: 1.4 %2019: 2 %2020: 2 %2021: 2 %2022: 2 %2023: 2 %2024: 1.9 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

Panama recorded 1.9% for average tariff applied by developed countries, preferential status in 2024.

Compared with earlier readings it is down 0.3% on the previous year and up 37.9% over ten years.

Over the whole period, average tariff applied by developed countries, preferential status in Panama peaked at 23.4% in 2000 and was at its lowest, 1.4%, in 2018.

Panama ranks 148th of 219 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.

Averages by decade

DecadeAverage LowestHighest Years
2000s 21.7% 20.0% 23.4% 2
2010s 3.3% 1.4% 10.2% 10
2020s 2.0% 1.9% 2.0% 5

Countries ranked near Panama

  1. 145 Libya 2.0% compare
  2. 146 Cabo Verde 2.0% compare
  3. 147 Montserrat 2.0% compare
  4. 149 Mozambique 1.9% compare
  5. 150 Norfolk Island 1.9% compare
  6. 151 United Republic of Tanzania 1.9% compare

See the full ranking of 229 places β†’

More development goals data for Panama

All data for Panama β†’

Frequently asked questions

What is average tariff applied by developed countries, preferential status in Panama?
Average tariff applied by developed countries, preferential status in Panama was 1.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest average tariff applied by developed countries, preferential status recorded in Panama?
The highest recorded value was 23.4% in 2000.
What is the lowest average tariff applied by developed countries, preferential status recorded in Panama?
The lowest recorded value was 1.4% in 2018.
How does Panama rank for average tariff applied by developed countries, preferential status?
Panama ranks 148th out of 219 countries with data for 2024.
Is average tariff applied by developed countries, preferential status rising or falling in Panama?
Over the last ten years it is up 37.9%. 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, preferential status, by type of product (%). Statizoid updates them automatically from the source API.

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Average tariff applied by developed countries, preferential status in Panama. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 16 August 2026, from https://development-goals.statizoid.com/stat/average-tariff-applied-by-developed-countries-preferential-status-by-type-of-product/panama/

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About this data

Indicator
Average tariff applied by developed countries, preferential status, by type of product (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
229 places, 3,893 data points, 2000–2024
Last refreshed