Tax revenue (% of GDP) in Mexico
Mexico: Tax revenue (% of GDP) was 14.8% in 2024. ▲ Rising
Tax revenue in Mexico, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Mexico recorded 14.8% for tax revenue in 2024. That is the highest value across all 46 years on record.
The figure is up 4.2% on the previous year and up 44.7% over ten years.
Over the whole period, tax revenue in Mexico peaked at 14.8% in 2024 and was at its lowest, 7.1%, in 1973.
Mexico ranks 94th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Tax revenue (% of GDP) in Mexico, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 7.6% | — |
| 1973 | 7.1% | -6.8% |
| 1974 | 8.0% | +12.8% |
| 1975 | 9.2% | +14.8% |
| 1976 | 9.0% | -1.5% |
| 1977 | 10.0% | +10.0% |
| 1978 | 10.7% | +7.9% |
| 1979 | 11.3% | +5.6% |
| 1980 | 11.4% | +0.7% |
| 1981 | 10.5% | -7.7% |
| 1982 | 11.2% | +6.4% |
| 1983 | 13.0% | +15.9% |
| 1984 | 12.6% | -2.9% |
| 1985 | 12.3% | -2.5% |
| 1986 | 11.9% | -3.6% |
| 1987 | 12.7% | +7.4% |
| 1988 | 11.4% | -10.5% |
| 1989 | 12.1% | +6.4% |
| 1990 | 11.8% | -2.4% |
| 1991 | 11.6% | -2.1% |
| 1992 | 11.6% | +0.1% |
| 1993 | 8.6% | -26.2% |
| 1994 | 8.1% | -5.5% |
| 1995 | 8.0% | -0.8% |
| 1996 | 8.3% | +3.5% |
| 1997 | 8.6% | +3.3% |
| 1998 | 7.7% | -10.4% |
| 1999 | 8.2% | +6.3% |
| 2000 | 9.1% | +11.6% |
| 2008 | 9.6% | +4.9% |
| 2009 | 9.2% | -3.6% |
| 2010 | 9.7% | +4.8% |
| 2011 | 9.6% | -0.6% |
| 2012 | 9.4% | -2.8% |
| 2013 | 9.9% | +5.7% |
| 2014 | 10.2% | +3.6% |
| 2015 | 12.3% | +20.5% |
| 2016 | 13.1% | +6.3% |
| 2017 | 12.7% | -3.3% |
| 2018 | 12.7% | +0.2% |
| 2019 | 12.8% | +0.6% |
| 2020 | 13.9% | +8.7% |
| 2021 | 13.4% | -3.5% |
| 2022 | 13.4% | -0.1% |
| 2023 | 14.2% | +6.1% |
| 2024 | 14.8% | +4.2% |
Mexico compared with similar countries
- Mexico's 14.8% is below the median for upper middle income countries, which is 17.0%, 87% of the median. (48 countries reporting)
- Mexico's 14.8% is below the median for Latin America & Caribbean, which is 15.9%, 93% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.1% | 7.1% | 11.3% | 8 |
| 1980s | 11.9% | 10.5% | 13.0% | 10 |
| 1990s | 9.3% | 7.7% | 11.8% | 10 |
| 2000s | 9.3% | 9.1% | 9.6% | 3 |
| 2010s | 11.2% | 9.4% | 13.1% | 10 |
| 2020s | 14.0% | 13.4% | 14.8% | 5 |
Countries ranked near Mexico
- 91 Honduras 15.1% compare
- 92 Saint Kitts and Nevis 15.0% compare
- 93 Spain 14.9% compare
- 95 Dominican Republic 14.7% compare
- 96 Philippines 14.4% compare
- 97 Kenya 14.1% compare
More public sector data for Mexico
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 9.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.3515 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -98.76 % change on previous year (2021)
Frequently asked questions
- What is tax revenue in Mexico?
- Tax revenue in Mexico was 14.8% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Mexico?
- The highest recorded value was 14.8% in 2024.
- What is the lowest tax revenue recorded in Mexico?
- The lowest recorded value was 7.1% in 1973.
- How does Mexico rank for tax revenue?
- Mexico ranks 94th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Mexico?
- Over the last ten years it is up 44.7%. The long-run trend across the full record is rising.
- Where does this Mexico 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.
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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.