Panama vs Venezuela: Taxes on incomes of individuals and corporations as share of GDP
Panama
4.8%
in 2014
Venezuela
4.7%
in 2015
Panama rank
129th
Venezuela rank
130th
Taxes on incomes of individuals and corporations as share of GDP over time
- Panama
- Venezuela
How they compare
Panama currently reports 4.8% against 4.7% in Venezuela, a difference of 0.1%.
The two have swapped places 4 times across 26 shared years of data; in 1989 it was Venezuela ahead.
Panama ranks 129th and Venezuela ranks 130th of 184 countries.
Across the 4 decades both report, Panama averaged higher in 1 and Venezuela in 3.
Head to head by decade
| Decade | Panama | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 2.7% | 12.1% | 9.4% | Venezuela |
| 1990s | 4.1% | 8.7% | 4.7% | Venezuela |
| 2000s | 3.8% | 5.3% | 1.5% | Venezuela |
| 2010s | 4.8% | 4.4% | 0.4% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on incomes of individuals and corporations as share of gdp, Panama or Venezuela?
- Panama, at 4.8% against 4.7% in Venezuela as of 2014.
- What is the difference in taxes on incomes of individuals and corporations as share of gdp between Panama and Venezuela?
- 0.1%, with Panama ahead.
- How many years of comparable data are there for Panama and Venezuela?
- 26 years are reported by both, from 1989 to 2014.
- How do Panama and Venezuela rank globally for taxes on incomes of individuals and corporations as share of gdp?
- Panama ranks 129th and Venezuela ranks 130th of 184 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 incomes of individuals and corporations 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 incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.