China vs Panama: Tax revenue
China
7.0%
in 2024
Panama
7.2%
in 2024
China rank
147th
Panama rank
145th
Tax revenue over time
- China
- Panama
How they compare
Panama currently reports 7.2% against 7.0% in China, a difference of 0.2%.
Across all 11 years both countries report, Panama has been ahead every year.
China ranks 147th and Panama ranks 145th of 157 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | China | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 9.0% | 9.7% | 0.6% | Panama |
| 2020s | 7.6% | 8.1% | 0.5% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, China or Panama?
- Panama, at 7.2% against 7.0% in China as of 2024.
- What is the difference in tax revenue between China and Panama?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for China and Panama?
- 11 years are reported by both, from 2014 to 2024.
- How do China and Panama rank globally for tax revenue?
- China ranks 147th and Panama ranks 145th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.