Nicaragua vs Panama: Taxes on international trade
Taxes on international trade over time
- Nicaragua
- Panama
How they compare
Nicaragua currently reports 3.6% against 3.3% in Panama, a difference of 0.3%.
That makes Nicaragua's figure about 1.1 times Panama's.
The two have swapped places 1 time across 11 shared years of data; in 2014 it was Panama ahead.
Nicaragua ranks 84th and Panama ranks 86th of 154 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Nicaragua | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 3.4% | 4.5% | 1.2% | Panama |
| 2020s | 3.2% | 3.3% | 0.1% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on international trade, Nicaragua or Panama?
- Nicaragua, at 3.6% against 3.3% in Panama as of 2024.
- What is the difference in taxes on international trade between Nicaragua and Panama?
- 0.3%, with Nicaragua ahead.
- How many years of comparable data are there for Nicaragua and Panama?
- 11 years are reported by both, from 2014 to 2024.
- How do Nicaragua and Panama rank globally for taxes on international trade?
- Nicaragua ranks 84th and Panama ranks 86th of 154 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on international trade (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.