Panama vs East Timor: Taxes on goods and services (% value added of industry and services)
Taxes on goods and services (% value added of industry and services) over time
- Panama
- East Timor
How they compare
Panama currently reports 3.7% against 3.5% in East Timor, a difference of 0.2%.
That makes Panama's figure about 1.1 times East Timor's.
The two have swapped places 1 time across 9 shared years of data; in 2014 it was East Timor ahead.
Panama ranks 140th and East Timor ranks 141st of 154 countries.
Across the 2 decades both report, Panama averaged higher in 1 and East Timor in 1.
Head to head by decade
| Decade | Panama | East Timor | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.9% | 5.8% | 0.9% | East Timor |
| 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 East Timor?
- Panama, at 3.7% against 3.5% in East Timor as of 2024.
- What is the difference in taxes on goods and services between Panama and East Timor?
- 0.2%, with Panama ahead.
- How many years of comparable data are there for Panama and East Timor?
- 9 years are reported by both, from 2014 to 2022.
- How do Panama and East Timor rank globally for taxes on goods and services?
- Panama ranks 140th and East Timor 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.