Latin America & Caribbean vs Norway: Tax revenue
Tax revenue over time
- Latin America & Caribbean
- Norway
How they compare
Norway currently reports 24.5% against 14.7% in Latin America & Caribbean, a difference of 9.8%.
That makes Norway's figure about 1.7 times Latin America & Caribbean's.
Across all 15 years both countries report, Norway has been ahead every year.
Latin America & Caribbean ranks 14th 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 | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.4% | 23.6% | 10.2% | Norway |
| 2020s | 14.0% | 25.2% | 11.2% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Latin America & Caribbean or Norway?
- Norway, at 24.5% against 14.7% in Latin America & Caribbean as of 2024.
- What is the difference in tax revenue between Latin America & Caribbean and Norway?
- 9.8%, with Norway ahead.
- How many years of comparable data are there for Latin America & Caribbean and Norway?
- 15 years are reported by both, from 2010 to 2024.
- How do Latin America & Caribbean and Norway rank globally for tax revenue?
- Latin America & Caribbean ranks 14th 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.
Individual pages
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.