Panama vs Timor-Leste: Taxes on goods and services
Taxes on goods and services over time
- Panama
- Timor-Leste
How they compare
Panama currently reports 3.7% against 3.5% in Timor-Leste, a difference of 0.2%.
That makes Panama's figure about 1.1 times Timor-Leste's.
The two have swapped places 1 time across 9 shared years of data; in 2014 it was Timor-Leste ahead.
Panama ranks 140th and Timor-Leste ranks 141st of 154 countries.
Across the 2 decades both report, Panama averaged higher in 1 and Timor-Leste in 1.
Head to head by decade
| Decade | Panama | Timor-Leste | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.9% | 5.8% | 0.9% | Timor-Leste |
| 2020s | 4.2% | 3.0% | 1.2% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Panama or Timor-Leste?
- Panama, at 3.7% against 3.5% in Timor-Leste as of 2024.
- What is the difference in taxes on goods and services between Panama and Timor-Leste?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for Panama and Timor-Leste?
- 9 years are reported by both, from 2014 to 2022.
- How do Panama and Timor-Leste rank globally for taxes on goods and services?
- Panama ranks 140th and Timor-Leste ranks 141st of 154 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 (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.