Norway vs Panama: Taxes on income, profits and capital gains (% of revenue)
Norway
28.5%
in 2024
Panama
29.1%
in 2024
Norway rank
55th
Panama rank
52nd
Taxes on income, profits and capital gains (% of revenue) over time
- Norway
- Panama
How they compare
Panama currently reports 29.1% against 28.5% in Norway, a difference of 0.6%.
The two have swapped places 2 times across 11 shared years of data; in 2014 it was Panama ahead.
Norway ranks 55th and Panama ranks 52nd of 153 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Norway | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 23.0% | 31.8% | 8.8% | Panama |
| 2020s | 30.0% | 31.5% | 1.5% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Norway or Panama?
- Panama, at 29.1% against 28.5% in Norway as of 2024.
- What is the difference in taxes on income, profits and capital gains between Norway and Panama?
- 0.6%, with Panama ahead.
- How many years of comparable data are there for Norway and Panama?
- 11 years are reported by both, from 2014 to 2024.
- How do Norway and Panama rank globally for taxes on income, profits and capital gains?
- Norway ranks 55th and Panama ranks 52nd of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.