Panama vs Romania: Taxes on goods and services
Panama
32.6%
in 2024
Romania
32.7%
in 2024
Panama rank
68th
Romania rank
66th
Taxes on goods and services over time
- Panama
- Romania
How they compare
Romania currently reports 32.7% against 32.6% in Panama, a difference of 0.1%.
The two have swapped places 4 times across 11 shared years of data; in 2014 it was Romania ahead.
Panama ranks 68th and Romania ranks 66th of 156 countries.
Romania has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Romania | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 35.3% | 35.5% | 0.2% | Romania |
| 2020s | 32.7% | 33.2% | 0.4% | Romania |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Panama or Romania?
- Romania, at 32.7% against 32.6% in Panama as of 2024.
- What is the difference in taxes on goods and services between Panama and Romania?
- 0.1%, with Romania ahead.
- How many years of comparable data are there for Panama and Romania?
- 11 years are reported by both, from 2014 to 2024.
- How do Panama and Romania rank globally for taxes on goods and services?
- Panama ranks 68th and Romania ranks 66th of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on goods and services (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.