Jamaica vs Latin America & the Caribbean (IDA & IBRD countries): Taxes on goods and services
Taxes on goods and services over time
- Jamaica
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Jamaica currently reports 45.8% against 32.6% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 13.2%.
That makes Jamaica's figure about 1.4 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 3 times across 31 shared years of data; in 1990 it was Latin America & the Caribbean (IDA & IBRD countries) ahead.
Jamaica ranks 18th and Latin America & the Caribbean (IDA & IBRD countries) ranks 21st of 156 countries.
Across the 4 decades both report, Jamaica averaged higher in 2 and Latin America & the Caribbean (IDA & IBRD countries) in 2.
Head to head by decade
| Decade | Jamaica | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 33.9% | 40.0% | 6.1% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 37.5% | 41.4% | 3.9% | Latin America & the Caribbean (IDA & IBRD countries) |
| 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 & the Caribbean (IDA & IBRD countries)?
- Jamaica, at 45.8% against 32.6% in Latin America & the Caribbean (IDA & IBRD countries) as of 2020.
- What is the difference in taxes on goods and services between Jamaica and Latin America & the Caribbean (IDA & IBRD countries)?
- 13.2%, with Jamaica ahead.
- How many years of comparable data are there for Jamaica and Latin America & the Caribbean (IDA & IBRD countries)?
- 31 years are reported by both, from 1990 to 2020.
- How do Jamaica and Latin America & the Caribbean (IDA & IBRD countries) rank globally for taxes on goods and services?
- Jamaica ranks 18th and Latin America & the Caribbean (IDA & IBRD countries) 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.
Individual pages
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.