Armenia vs Panama: Taxes on income, profits and capital gains
Armenia
43.2%
in 2024
Panama
43.7%
in 2024
Armenia rank
54th
Panama rank
53rd
Taxes on income, profits and capital gains over time
- Armenia
- Panama
How they compare
Panama currently reports 43.7% against 43.2% in Armenia, a difference of 0.5%.
The two have swapped places 2 times across 11 shared years of data; in 2014 it was Panama ahead.
Armenia ranks 54th and Panama ranks 53rd of 153 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Armenia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 41.4% | 42.8% | 1.4% | Panama |
| 2020s | 40.3% | 45.2% | 5.0% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Armenia or Panama?
- Panama, at 43.7% against 43.2% in Armenia as of 2024.
- What is the difference in taxes on income, profits and capital gains between Armenia and Panama?
- 0.5%, with Panama ahead.
- How many years of comparable data are there for Armenia and Panama?
- 11 years are reported by both, from 2014 to 2024.
- How do Armenia and Panama rank globally for taxes on income, profits and capital gains?
- Armenia ranks 54th and Panama ranks 53rd 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 total taxes). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.