Madagascar vs Panama: Revenue, excluding grants

Madagascar
12.2%
in 2024
Panama
10.7%
in 2024
Madagascar rank
146th
Panama rank
148th

Revenue, excluding grants over time

  • Madagascar
  • Panama
051015199020072024

How they compare

Madagascar currently reports 12.2% against 10.7% in Panama, a difference of 1.5%.

That makes Madagascar'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.

Madagascar ranks 146th and Panama ranks 148th of 157 countries.

Panama has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Madagascar Panama Difference Ahead
2010s 10.5% 12.9% 2.4% Panama
2020s 11.0% 11.5% 0.5% Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher revenue, excluding grants, Madagascar or Panama?
Madagascar, at 12.2% against 10.7% in Panama as of 2024.
What is the difference in revenue, excluding grants between Madagascar and Panama?
1.5%, with Madagascar ahead.
How many years of comparable data are there for Madagascar and Panama?
11 years are reported by both, from 2014 to 2024.
How do Madagascar and Panama rank globally for revenue, excluding grants?
Madagascar ranks 146th and Panama ranks 148th of 157 countries.
Where does this data come from?
Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Revenue, excluding grants (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Madagascar vs Panama: Revenue, excluding grants. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 11 September 2026, from https://economy.statizoid.com/compare/revenue-excluding-grants-percent-of-gdp/madagascar/panama/

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About this data

Indicator
Revenue, excluding grants (% of GDP)
Unit
% of GDP
Source
Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
192 places, 5,652 data points, 1972–2024
Last refreshed

Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.