Jamaica vs Latin America & Caribbean: Taxes on goods and services
Taxes on goods and services over time
- Jamaica
- Latin America & Caribbean
How they compare
Jamaica currently reports 45.8% against 32.6% in Latin America & Caribbean, a difference of 13.2%.
That makes Jamaica's figure about 1.4 times Latin America & Caribbean's.
The two have swapped places 3 times across 22 shared years of data; in 1998 it was Latin America & Caribbean ahead.
Jamaica ranks 18th and Latin America & Caribbean ranks 21st of 156 countries.
Across the 4 decades both report, Jamaica averaged higher in 2 and Latin America & Caribbean in 2.
Head to head by decade
| Decade | Jamaica | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 37.4% | 42.2% | 4.8% | Latin America & Caribbean |
| 2000s | 37.5% | 41.2% | 3.7% | Latin America & Caribbean |
| 2010s | 46.2% | 35.4% | 10.8% | Jamaica |
| 2020s | 45.8% | 35.3% | 10.5% | Jamaica |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Jamaica or Latin America & Caribbean?
- Jamaica, at 45.8% against 32.6% in Latin America & Caribbean as of 2020.
- What is the difference in taxes on goods and services between Jamaica and Latin America & Caribbean?
- 13.2%, with Jamaica ahead.
- How many years of comparable data are there for Jamaica and Latin America & Caribbean?
- 22 years are reported by both, from 1998 to 2020.
- How do Jamaica and Latin America & Caribbean rank globally for taxes on goods and services?
- Jamaica ranks 18th and Latin America & Caribbean ranks 21st of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on goods and services (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.