India vs Panama: Tax revenue
India
6.9%
in 2022
Panama
7.2%
in 2024
India rank
148th
Panama rank
145th
Tax revenue over time
- India
- Panama
How they compare
Panama currently reports 7.2% against 6.9% in India, a difference of 0.3%.
The two have swapped places 1 time across 6 shared years of data; in 2014 it was India ahead.
India ranks 148th and Panama ranks 145th of 157 countries.
Across the 2 decades both report, India averaged higher in 1 and Panama in 1.
Head to head by decade
| Decade | India | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 11.0% | 9.8% | 1.2% | India |
| 2020s | 6.9% | 8.6% | 1.7% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, India or Panama?
- Panama, at 7.2% against 6.9% in India as of 2024.
- What is the difference in tax revenue between India and Panama?
- 0.3%, with Panama ahead.
- How many years of comparable data are there for India and Panama?
- 6 years are reported by both, from 2014 to 2022.
- How do India and Panama rank globally for tax revenue?
- India ranks 148th 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.