Guyana vs Panama: Taxes on income vs. taxes on goods and services
Guyana
2.9%
in 2023
Panama
2.8%
in 2014
Guyana rank
162nd
Panama rank
164th
Taxes on income vs. taxes on goods and services 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 income vs. taxes on goods and services, Guyana or Panama?
- Guyana, at 2.9% against 2.8% in Panama as of 2023.
- What is the difference in taxes on income vs. taxes on goods and services 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 income vs. taxes on goods and services?
- 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 income vs. taxes on goods and services. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.