Micronesia (country) vs Panama: Tax revenue (% of GDP)
Micronesia (country)
7.0%
in 2020
Panama
7.2%
in 2024
Micronesia (country) rank
146th
Panama rank
145th
Tax revenue (% of GDP) over time
- Micronesia (country)
- Panama
How they compare
Panama currently reports 7.2% against 7.0% in Micronesia (country), a difference of 0.2%.
The two have swapped places 3 times across 7 shared years of data; in 2014 it was Micronesia (country) ahead.
Micronesia (country) ranks 146th and Panama ranks 145th of 157 countries.
Across the 2 decades both report, Micronesia (country) averaged higher in 1 and Panama in 1.
Head to head by decade
| Decade | Micronesia (country) | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.4% | 9.7% | 3.7% | Micronesia (country) |
| 2020s | 7.0% | 8.3% | 1.2% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Micronesia (country) or Panama?
- Panama, at 7.2% against 7.0% in Micronesia (country) as of 2024.
- What is the difference in tax revenue between Micronesia (country) and Panama?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for Micronesia (country) and Panama?
- 7 years are reported by both, from 2014 to 2020.
- How do Micronesia (country) and Panama rank globally for tax revenue?
- Micronesia (country) ranks 146th 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.