Bhutan vs Panama: Tax revenue as share of GDP
Bhutan
12.4%
in 2023
Panama
12.5%
in 2023
Bhutan rank
144th
Panama rank
142nd
Tax revenue as share of GDP over time
- Bhutan
- Panama
How they compare
Panama currently reports 12.5% against 12.4% in Bhutan, a difference of 0.1%.
The two have swapped places 2 times across 33 shared years of data; in 1989 it was Panama ahead.
Bhutan ranks 144th and Panama ranks 142nd of 192 countries.
Panama has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Bhutan | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 5.3% | 14.6% | 9.4% | Panama |
| 1990s | 6.3% | 16.2% | 9.9% | Panama |
| 2000s | 8.9% | 13.6% | 4.7% | Panama |
| 2010s | 14.0% | 14.9% | 0.9% | Panama |
| 2020s | 12.3% | 12.4% | 0.1% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue as share of gdp, Bhutan or Panama?
- Panama, at 12.5% against 12.4% in Bhutan as of 2023.
- What is the difference in tax revenue as share of gdp between Bhutan and Panama?
- 0.1%, with Panama ahead.
- How many years of comparable data are there for Bhutan and Panama?
- 33 years are reported by both, from 1989 to 2023.
- How do Bhutan and Panama rank globally for tax revenue as share of gdp?
- Bhutan ranks 144th and Panama ranks 142nd of 192 countries.
- Where does this data come from?
- UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as Tax revenue as share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Direct and indirect taxes as well as social contributions included.