Other taxes in Latin America & Caribbean
Latin America & Caribbean: Other taxes was 1.3% in 2024. ▼ Falling
Other taxes in Latin America & Caribbean, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, other taxes in Latin America & Caribbean stood at 1.3%.
Compared with earlier readings it is down 6.8% on the previous year and down 17.3% over ten years.
Over the whole period, other taxes in Latin America & Caribbean peaked at 2.4% in 2006 and was at its lowest, 1.0%, in 2008.
Latin America & Caribbean ranks 9th of 41 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Other taxes in Latin America & Caribbean, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 1.8% | — |
| 1999 | 2.2% | +23.4% |
| 2000 | 1.4% | -37.5% |
| 2003 | 1.3% | -4.4% |
| 2005 | 2.0% | +56.1% |
| 2006 | 2.4% | +20.0% |
| 2007 | 1.2% | -50.4% |
| 2008 | 1.0% | -19.3% |
| 2009 | 1.7% | +72.2% |
| 2010 | 1.6% | -7.3% |
| 2011 | 1.5% | -2.6% |
| 2012 | 1.9% | +27.5% |
| 2013 | 1.2% | -35.8% |
| 2014 | 1.6% | +25.0% |
| 2015 | 1.4% | -7.7% |
| 2016 | 1.7% | +21.3% |
| 2017 | 1.3% | -22.5% |
| 2018 | 1.3% | -1.3% |
| 2019 | 1.7% | +25.7% |
| 2020 | 1.5% | -7.5% |
| 2021 | 1.6% | +2.5% |
| 2022 | 1.5% | -6.1% |
| 2023 | 1.4% | -7.5% |
| 2024 | 1.3% | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.0% | 1.8% | 2.2% | 2 |
| 2000s | 1.6% | 1.0% | 2.4% | 7 |
| 2010s | 1.5% | 1.2% | 1.9% | 10 |
| 2020s | 1.5% | 1.3% | 1.6% | 5 |
Countries ranked near Latin America & Caribbean
More public sector data for Latin America & Caribbean
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9725 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 67.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 644.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 110.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.2 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is other taxes in Latin America & Caribbean?
- Other taxes in Latin America & Caribbean was 1.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other taxes recorded in Latin America & Caribbean?
- The highest recorded value was 2.4% in 2006.
- What is the lowest other taxes recorded in Latin America & Caribbean?
- The lowest recorded value was 1.0% in 2008.
- How does Latin America & Caribbean rank for other taxes?
- Latin America & Caribbean ranks 9th out of 41 groups with data for 2024.
- Is other taxes rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 17.3%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Other taxes (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. 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.