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