Panama vs South Africa: Taxes on goods and services
Panama
32.6%
in 2024
South Africa
32.1%
in 2024
Panama rank
68th
South Africa rank
71st
Taxes on goods and services over time
- Panama
- South Africa
How they compare
Panama currently reports 32.6% against 32.1% in South Africa, a difference of 0.5%.
The two have swapped places 4 times across 11 shared years of data; in 2014 it was Panama ahead.
Panama ranks 68th and South Africa ranks 71st of 156 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 35.3% | 33.2% | 2.1% | Panama |
| 2020s | 32.7% | 32.6% | 0.2% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Panama or South Africa?
- Panama, at 32.6% against 32.1% in South Africa as of 2024.
- What is the difference in taxes on goods and services between Panama and South Africa?
- 0.5%, with Panama ahead.
- How many years of comparable data are there for Panama and South Africa?
- 11 years are reported by both, from 2014 to 2024.
- How do Panama and South Africa rank globally for taxes on goods and services?
- Panama ranks 68th and South Africa ranks 71st 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.