Laos vs Latin America & Caribbean (excluding high income): Taxes on goods and services (% of revenue)
Taxes on goods and services (% of revenue) over time
- Laos
- Latin America & Caribbean (excluding high income)
How they compare
Laos currently reports 53.9% against 36.1% in Latin America & Caribbean (excluding high income), a difference of 17.8%.
That makes Laos's figure about 1.5 times Latin America & Caribbean (excluding high income)'s.
Across all 15 years both countries report, Laos has been ahead every year.
Laos ranks 4th and Latin America & Caribbean (excluding high income) ranks 6th of 156 countries.
Laos has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Laos | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 44.4% | 38.9% | 5.4% | Laos |
| 2010s | 47.4% | 37.8% | 9.6% | Laos |
| 2020s | 52.3% | 35.2% | 17.1% | Laos |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Laos or Latin America & Caribbean (excluding high income)?
- Laos, at 53.9% against 36.1% in Latin America & Caribbean (excluding high income) as of 2022.
- What is the difference in taxes on goods and services between Laos and Latin America & Caribbean (excluding high income)?
- 17.8%, with Laos ahead.
- How many years of comparable data are there for Laos and Latin America & Caribbean (excluding high income)?
- 15 years are reported by both, from 2008 to 2022.
- How do Laos and Latin America & Caribbean (excluding high income) rank globally for taxes on goods and services?
- Laos ranks 4th and Latin America & Caribbean (excluding high income) ranks 6th 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.