Tax revenue in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Tax revenue was 14.6% in 2024. ▲ Rising
Tax revenue in Latin America & Caribbean (excluding high income), 2010–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for tax revenue in Latin America & Caribbean (excluding high income) is 14.6%, measured in 2024. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 5.1% on the previous year and up 13.4% over ten years.
Over the whole period, tax revenue in Latin America & Caribbean (excluding high income) peaked at 14.6% in 2024 and was at its lowest, 12.7%, in 2010.
Latin America & Caribbean (excluding high income) ranks 16th of 35 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Tax revenue in Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 12.7% | — |
| 2011 | 13.1% | +3.5% |
| 2012 | 12.8% | -2.5% |
| 2013 | 12.9% | +0.6% |
| 2014 | 12.8% | -0.2% |
| 2015 | 13.4% | +4.3% |
| 2016 | 13.4% | +0.1% |
| 2017 | 13.1% | -2.2% |
| 2018 | 13.2% | +0.4% |
| 2019 | 13.2% | +0.1% |
| 2020 | 12.9% | -2.0% |
| 2021 | 13.7% | +5.6% |
| 2022 | 13.9% | +1.6% |
| 2023 | 13.9% | -0.2% |
| 2024 | 14.6% | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.1% | 12.7% | 13.4% | 10 |
| 2020s | 13.8% | 12.9% | 14.6% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 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 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is tax revenue in Latin America & Caribbean (excluding high income)?
- Tax revenue in Latin America & Caribbean (excluding high income) was 14.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 14.6% in 2024.
- What is the lowest tax revenue recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 12.7% in 2010.
- How does Latin America & Caribbean (excluding high income) rank for tax revenue?
- Latin America & Caribbean (excluding high income) ranks 16th out of 35 groups with data for 2024.
- Is tax revenue rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 13.4%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.