Guyana vs Panama: Taxes on goods and services as share of GDP
Guyana
2.9%
in 2023
Panama
2.8%
in 2014
Guyana rank
162nd
Panama rank
164th
Taxes on goods and services as share of GDP over time
- Guyana
- Panama
How they compare
Guyana currently reports 2.9% against 2.8% in Panama, a difference of 0.1%.
That makes Guyana's figure about 1.1 times Panama's.
Across all 21 years both countries report, Guyana has been ahead every year.
Guyana ranks 162nd and Panama ranks 164th of 187 countries.
Guyana has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Guyana | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 3.7% | 3.4% | 0.3% | Guyana |
| 1990s | 4.9% | 3.1% | 1.8% | Guyana |
| 2000s | 6.0% | 2.3% | 3.8% | Guyana |
| 2010s | 7.4% | 2.8% | 4.5% | Guyana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services as share of gdp, Guyana or Panama?
- Guyana, at 2.9% against 2.8% in Panama as of 2023.
- What is the difference in taxes on goods and services as share of gdp between Guyana and Panama?
- 0.1%, with Guyana ahead.
- How many years of comparable data are there for Guyana and Panama?
- 21 years are reported by both, from 1989 to 2014.
- How do Guyana and Panama rank globally for taxes on goods and services as share of gdp?
- Guyana ranks 162nd and Panama ranks 164th of 187 countries.
- Where does this data come from?
- UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as Taxes on goods and services as share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Tax revenue on goods and services (including sales taxes, value added taxes and excise duties) divided by gross domestic product, expressed as a percentage.