Latin America & Caribbean vs Nicaragua: Taxes on income, profits and capital gains
Taxes on income, profits and capital gains over time
- Latin America & Caribbean
- Nicaragua
How they compare
Nicaragua currently reports 41.3% against 29.1% in Latin America & Caribbean, a difference of 12.2%.
That makes Nicaragua's figure about 1.4 times Latin America & Caribbean's.
The two have swapped places 1 time across 27 shared years of data; in 1998 it was Latin America & Caribbean ahead.
Latin America & Caribbean ranks 8th and Nicaragua ranks 11th of 41 groups.
Across the 4 decades both report, Latin America & Caribbean averaged higher in 2 and Nicaragua in 2.
Head to head by decade
| Decade | Latin America & Caribbean | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 18.3% | 11.9% | 6.4% | Latin America & Caribbean |
| 2000s | 21.5% | 20.7% | 0.7% | Latin America & Caribbean |
| 2010s | 27.1% | 33.6% | 6.5% | Nicaragua |
| 2020s | 28.8% | 40.6% | 11.7% | Nicaragua |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Latin America & Caribbean or Nicaragua?
- Nicaragua, at 41.3% against 29.1% in Latin America & Caribbean as of 2024.
- What is the difference in taxes on income, profits and capital gains between Latin America & Caribbean and Nicaragua?
- 12.2%, with Nicaragua ahead.
- How many years of comparable data are there for Latin America & Caribbean and Nicaragua?
- 27 years are reported by both, from 1998 to 2024.
- How do Latin America & Caribbean and Nicaragua rank globally for taxes on income, profits and capital gains?
- Latin America & Caribbean ranks 8th and Nicaragua ranks 11th of 41 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.