Italy vs Latin America & Caribbean: Tax revenue
Tax revenue over time
- Italy
- Latin America & Caribbean
How they compare
Italy currently reports 25.6% against 14.7% in Latin America & Caribbean, a difference of 10.9%.
That makes Italy's figure about 1.7 times Latin America & Caribbean's.
Across all 15 years both countries report, Italy has been ahead every year.
Italy ranks 12th and Latin America & Caribbean ranks 14th of 157 countries.
Italy has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Italy | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 24.6% | 13.4% | 11.2% | Italy |
| 2020s | 24.9% | 14.0% | 10.9% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Italy or Latin America & Caribbean?
- Italy, at 25.6% against 14.7% in Latin America & Caribbean as of 2024.
- What is the difference in tax revenue between Italy and Latin America & Caribbean?
- 10.9%, with Italy ahead.
- How many years of comparable data are there for Italy and Latin America & Caribbean?
- 15 years are reported by both, from 2010 to 2024.
- How do Italy and Latin America & Caribbean rank globally for tax revenue?
- Italy ranks 12th and Latin America & Caribbean ranks 14th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.