Nigeria vs Panama: Taxes less subsidies on products (current US$), per unit of GDP

Nigeria
0.0235 current US$ per US$ of GDP
in 2025
Panama
0.0246 current US$ per US$ of GDP
in 2025
Nigeria rank
181st
Panama rank
179th

Taxes less subsidies on products (current US$), per unit of GDP over time

  • Nigeria
  • Panama
00.010.020.030.04196019922025

How they compare

Panama currently reports 0.0246 current US$ per US$ of GDP against 0.0235 current US$ per US$ of GDP in Nigeria, a difference of 0.0011 current US$ per US$ of GDP.

Across all 45 years both countries report, Panama has been ahead every year.

Nigeria ranks 181st and Panama ranks 179th of 197 countries.

Panama has averaged higher in every one of the 5 decades both report.

Head to head by decade

Decade Nigeria Panama Difference Ahead
1980s 0.0099 current US$ per US$ of GDP 0.0272 current US$ per US$ of GDP 0.0173 current US$ per US$ of GDP Panama
1990s 0.0099 current US$ per US$ of GDP 0.038 current US$ per US$ of GDP 0.028 current US$ per US$ of GDP Panama
2000s 0.0103 current US$ per US$ of GDP 0.0401 current US$ per US$ of GDP 0.0298 current US$ per US$ of GDP Panama
2010s 0.0109 current US$ per US$ of GDP 0.0383 current US$ per US$ of GDP 0.0274 current US$ per US$ of GDP Panama
2020s 0.0151 current US$ per US$ of GDP 0.0259 current US$ per US$ of GDP 0.0108 current US$ per US$ of GDP Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher taxes less subsidies on products (current us$), per unit of gdp, Nigeria or Panama?
Panama, at 0.0246 current US$ per US$ of GDP against 0.0235 current US$ per US$ of GDP in Nigeria as of 2025.
What is the difference in taxes less subsidies on products (current us$), per unit of gdp between Nigeria and Panama?
0.0011 current US$ per US$ of GDP, with Panama ahead.
How many years of comparable data are there for Nigeria and Panama?
45 years are reported by both, from 1981 to 2025.
How do Nigeria and Panama rank globally for taxes less subsidies on products (current us$), per unit of gdp?
Nigeria ranks 181st and Panama ranks 179th of 197 countries.
Where does this data come from?
Statizoid (derived), published as Taxes less subsidies on products (current US$), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Nigeria vs Panama: Taxes less subsidies on products (current US$), per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 14 September 2026, from https://economy.statizoid.com/compare/taxes-less-subsidies-on-products-current-us-per-unit-of-gdp/nigeria/panama/

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About this data

Indicator
Taxes less subsidies on products (current US$), per unit of GDP
Unit
current US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
198 places, 8,406 data points, 1960–2025
Last refreshed

Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.