What does the percentage number next to the file on the bottom bar of Picard mean?

Question as in the title. In this case, 83%. But they vary.

I guess this is the percentage of matched metadata compared between the existing metadata on the left-hand side of the lower Metadata Pane and the right-hand side of the same Pane.

A perfect metadata match (existing = new) would look like this:
image
You would also see a green tick in the top right-hand corner of the Album Pane for the same track:
image

I think you’re right. The difference in one AcoustID tag is 99%.