Latin America & Caribbean (excluding high income) vs Norway: Tax revenue
Tax revenue over time
- Latin America & Caribbean (excluding high income)
- Norway
How they compare
Norway currently reports 24.5% against 14.6% in Latin America & Caribbean (excluding high income), a difference of 9.9%.
That makes Norway's figure about 1.7 times Latin America & Caribbean (excluding high income)'s.
Across all 15 years both countries report, Norway has been ahead every year.
Latin America & Caribbean (excluding high income) ranks 16th and Norway ranks 15th of 35 groups.
Norway has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.1% | 23.6% | 10.5% | Norway |
| 2020s | 13.8% | 25.2% | 11.4% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Latin America & Caribbean (excluding high income) or Norway?
- Norway, at 24.5% against 14.6% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in tax revenue between Latin America & Caribbean (excluding high income) and Norway?
- 9.9%, with Norway ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Norway?
- 15 years are reported by both, from 2010 to 2024.
- How do Latin America & Caribbean (excluding high income) and Norway rank globally for tax revenue?
- Latin America & Caribbean (excluding high income) ranks 16th and Norway ranks 15th of 35 groups.
- 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.