Latin America & Caribbean (excluding high income) vs Nicaragua: Taxes on goods and services
Taxes on goods and services over time
- Latin America & Caribbean (excluding high income)
- Nicaragua
How they compare
Nicaragua currently reports 47.5% against 36.1% in Latin America & Caribbean (excluding high income), a difference of 11.4%.
That makes Nicaragua's figure about 1.3 times Latin America & Caribbean (excluding high income)'s.
Across all 25 years both countries report, Nicaragua has been ahead every year.
Latin America & Caribbean (excluding high income) ranks 9th and Nicaragua ranks 12th of 41 groups.
Nicaragua has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 42.0% | 54.9% | 13.0% | Nicaragua |
| 2000s | 42.0% | 50.7% | 8.7% | Nicaragua |
| 2010s | 37.8% | 49.1% | 11.4% | Nicaragua |
| 2020s | 35.5% | 46.9% | 11.3% | Nicaragua |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Latin America & Caribbean (excluding high income) or Nicaragua?
- Nicaragua, at 47.5% against 36.1% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in taxes on goods and services between Latin America & Caribbean (excluding high income) and Nicaragua?
- 11.4%, with Nicaragua ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Nicaragua?
- 25 years are reported by both, from 1998 to 2024.
- How do Latin America & Caribbean (excluding high income) and Nicaragua rank globally for taxes on goods and services?
- Latin America & Caribbean (excluding high income) ranks 9th and Nicaragua ranks 12th of 41 groups.
- 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.