Panama—Taxes on Income, Profits & Capital Gains (% of rev)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #51 of 137
Latest Value
29.1%
2021
YoY Change
-5.8%
2020 → 2021
Global Rank
#51
of 137 countries
Maximum
34.2%
2016
Minimum
29.1%
2021
CAGR
-0.4%
8 years
Last
29.1%
Previous
30.8%
Highest
34.2%
Lowest
29.1%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2021 | 29.1% | -5.8% |
| 2020 | 30.8% | -2.8% |
| 2019 | 31.7% | -3.2% |
| 2018 | 32.8% | +6.4% |
| 2017 | 30.8% | -9.9% |
| 2016 | 34.2% | +9.5% |
| 2015 | 31.2% | +4.5% |
| 2014 | 29.9% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.2% | 2023 |
| 3 | New Zealand | 56.9% | 2023 |
| 4 | United States | 56.7% | 2024 |
| 5 | Canada | 54.6% | 2024 |
| 6 | Ireland | 49.7% | 2022 |
| 7 | Malaysia | 49.4% | 2023 |
| 8 | Denmark | 48.9% | 2023 |
| 9 | South Africa | 48.0% | 2023 |
| 10 | Nicaragua | 41.8% | 2023 |
About This Indicator
Definition
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.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →