Worldwide weighted tariff-average, preferential status, by type of in Panama

Panama: Worldwide weighted tariff-average, preferential status, by type of was 15.0% in 2024. ▼ Falling

Latest (2024)
15.0%
Change on year
unchanged
World rank
27th
of 138 countries
All-time high
17.6%
in 2005
All-time low
13.7%
in 2017
Years of data
11
2005–2024

Worldwide weighted tariff-average, preferential status, by type of in Panama, 2005–2024

051015202005201420242005: 17.62010: 17.42015: 162016: 152017: 13.72018: 13.72019: 14.22021: 16.32022: 142023: 152024: 15

Source: United Nations Statistics Division, SDG Global Database.

Analysis

Panama recorded 15.0% for worldwide weighted tariff-average, preferential status, by type of in 2024.

That represents a change of down 6.1% over ten years.

Over the whole period, worldwide weighted tariff-average, preferential status, by type of in Panama peaked at 17.6% in 2005 and was at its lowest, 13.7%, in 2017.

That places Panama 27th out of 138 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently falling across the 11 years of available data.

Worldwide weighted tariff-average, preferential status, by type of in Panama, year by year

Annual values for Worldwide weighted tariff-average, preferential status, by type of product (%) in Panama, 2005 to 2024.
Year Value Change
2005 17.6%
2010 17.4% -1.2%
2015 16.0% -8.0%
2016 15.0% -6.5%
2017 13.7% -8.4%
2018 13.7% +0.0%
2019 14.2% +3.7%
2021 16.3% +14.7%
2022 14.0% -14.4%
2023 15.0% +7.6%
2024 15.0% +0.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 17.6% 17.6% 17.6% 1
2010s 15.0% 13.7% 17.4% 6
2020s 15.1% 14.0% 16.3% 4

Countries ranked near Panama

  1. 24 Norway 15.9% compare
  2. 25 Sierra Leone 15.7% compare
  3. 26 Trinidad and Tobago 15.5% compare
  4. 28 Togo 15.0% compare
  5. 29 Ghana 14.9% compare
  6. 30 Burundi 14.8% compare

See the full ranking of 188 places →

More development goals data for Panama

All data for Panama →

Frequently asked questions

What is worldwide weighted tariff-average, preferential status, by type of in Panama?
Worldwide weighted tariff-average, preferential status, by type of in Panama was 15.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest worldwide weighted tariff-average, preferential status, by type of recorded in Panama?
The highest recorded value was 17.6% in 2005.
What is the lowest worldwide weighted tariff-average, preferential status, by type of recorded in Panama?
The lowest recorded value was 13.7% in 2017.
How does Panama rank for worldwide weighted tariff-average, preferential status, by type of?
Panama ranks 27th out of 138 countries with data for 2024.
Is worldwide weighted tariff-average, preferential status, by type of rising or falling in Panama?
Over the last ten years it is down 6.1%. The long-run trend across the full record is falling.
Where does this Panama data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Worldwide weighted tariff-average, preferential status, by type of product (%). Statizoid updates them automatically from the source API.

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Worldwide weighted tariff-average, preferential status, by type of in Panama. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 25 August 2026, from https://development-goals.statizoid.com/stat/worldwide-weighted-tariff-average-preferential-status-by-type-of-product-percent/panama/

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About this data

Indicator
Worldwide weighted tariff-average, preferential status, by type of product (%)
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
188 places, 2,110 data points, 2005–2024
Last refreshed