Madagascar vs Panama: Government revenues as a share of GDP

Madagascar
11.6%
in 2022
Panama
11.9%
in 2021
Madagascar rank
167th
Panama rank
166th

Government revenues as a share of GDP over time

  • Madagascar
  • Panama
05101520200020112022

How they compare

Panama currently reports 11.9% against 11.6% in Madagascar, a difference of 0.3%.

The two have swapped places 2 times across 8 shared years of data; in 2014 it was Panama ahead.

Madagascar ranks 167th and Panama ranks 166th of 174 countries.

Across the 2 decades both report, Madagascar averaged higher in 1 and Panama in 1.

Head to head by decade

Decade Madagascar Panama Difference Ahead
2010s 12.9% 13.5% 0.5% Panama
2020s 12.4% 12.1% 0.3% Madagascar

Averages of every year both report within each decade.

Frequently asked questions

Which has higher government revenues as a share of gdp, Madagascar or Panama?
Panama, at 11.9% against 11.6% in Madagascar as of 2021.
What is the difference in government revenues as a share of gdp between Madagascar and Panama?
0.3%, with Panama ahead.
How many years of comparable data are there for Madagascar and Panama?
8 years are reported by both, from 2014 to 2021.
How do Madagascar and Panama rank globally for government revenues as a share of gdp?
Madagascar ranks 167th and Panama ranks 166th of 174 countries.
Where does this data come from?
International Monetary Fund – with minor processing by Our World in Data, published as Government revenues as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Madagascar vs Panama: Government revenues as a share of GDP. Statizoid, drawing on International Monetary Fund – with minor processing by Our World in Data. Retrieved 11 September 2026, from https://economy.statizoid.com/compare/government-revenues-as-a-share-of-gdp-imf/madagascar/panama/

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About this data

Indicator
Government revenues as a share of GDP
Unit
%
Source
International Monetary Fund – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
174 places, 3,311 data points, 2000–2023
Last refreshed

Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included.