Panama vs Türkiye: Paying taxes: Labor tax and contributions
Panama
20.0%
in 2019
Türkiye
19.7%
in 2019
Panama rank
60th
Türkiye rank
62nd
Paying taxes: Labor tax and contributions over time
- Panama
- Türkiye
How they compare
Panama currently reports 20.0% against 19.7% in Türkiye, a difference of 0.3%.
The two have swapped places 1 time across 15 shared years of data; in 2005 it was Türkiye ahead.
Panama ranks 60th and Türkiye ranks 62nd of 190 countries.
Across the 2 decades both report, Panama averaged higher in 1 and Türkiye in 1.
Head to head by decade
| Decade | Panama | Türkiye | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 21.3% | 24.3% | 2.9% | Türkiye |
| 2010s | 20.3% | 19.6% | 0.7% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: labor tax and contributions, Panama or Türkiye?
- Panama, at 20.0% against 19.7% in Türkiye as of 2019.
- What is the difference in paying taxes: labor tax and contributions between Panama and Türkiye?
- 0.3%, with Panama ahead.
- How many years of comparable data are there for Panama and Türkiye?
- 15 years are reported by both, from 2005 to 2019.
- How do Panama and Türkiye rank globally for paying taxes: labor tax and contributions?
- Panama ranks 60th and Türkiye ranks 62nd of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Labor tax and contributions (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.