24Peaks / North America / Panama / MFN Simple Average Tariff (%)

Panama - MFN Simple Average Tariff (%) 5.12

World Bank WITS · updated 2026-10-03 · 180 economies tracked

Latest value

5.12 (2023)

Global rank

##18 of 180 economies

vs global median

0.8×

Growth since 1997

0.42×

Ranking Race — MFN Simple Average Tariff (%)

1 = global #1 · lower value ranks higher

#1#17#33#49#65#8119881993199820032008201320182023#25#182018 overtook Japan2023 overtook Qatar
PanamaMacao SAR, ChinaSingaporeMauritiusNew Zealand

Real annual global ranks, 1988 - 2023. Panama climbed from #25 to #18 (overtook Japan). Gaps in a lane = missing data that year.

Key events for Panama ↓

Key Events — Panama

Auto-detected from rank data + curated milestones

2000
Fell 16 places in global rank auto
2018
Overtook Japan in global rank auto
2018
Climbed 46 places in global rank auto
2023
Overtook Qatar in global rank auto

MFN Simple Average Tariff (%), 1997-2023

World Bank WITS · % · linear scale · ranking in the race above
19972007201720235.117.489.8512.22
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