Guinea vs Panama: Paying taxes: Time
Guinea
400 hours per year
in 2019
Panama
408 hours per year
in 2019
Guinea rank
18th
Panama rank
17th
Paying taxes: Time over time
- Guinea
- Panama
How they compare
Panama currently reports 408 hours per year against 400 hours per year in Guinea, a difference of 8 hours per year.
The two have swapped places 2 times across 15 shared years of data; in 2005 it was Panama ahead.
Guinea ranks 18th and Panama ranks 17th of 187 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Guinea | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 416 hours per year | 513.2 hours per year | 97.2 hours per year | Panama |
| 2010s | 416.8 hours per year | 429.6 hours per year | 12.8 hours per year | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: time, Guinea or Panama?
- Panama, at 408 hours per year against 400 hours per year in Guinea as of 2019.
- What is the difference in paying taxes: time between Guinea and Panama?
- 8 hours per year, with Panama ahead.
- How many years of comparable data are there for Guinea and Panama?
- 15 years are reported by both, from 2005 to 2019.
- How do Guinea and Panama rank globally for paying taxes: time?
- Guinea ranks 18th and Panama ranks 17th of 187 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Time (hours per year). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The time to comply with tax laws measures the time taken to prepare, ?le and pay three major types of taxes and contributions: the corporate income tax, value added or sales tax and labor taxes, including payroll taxes and social contributions.