Tax revenue in North America
North America: Tax revenue was 11.0% in 2024. ▼ Falling
Tax revenue in North America, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, tax revenue in North America stood at 11.0%.
Compared with earlier readings it is up 1.3% on the previous year and up 0.4% over ten years.
Over the whole period, tax revenue in North America peaked at 13.1% in 2000 and was at its lowest, 8.3%, in 2009.
North America ranks 22nd of 35 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 53 years of available data.
Tax revenue in North America, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 11.8% | — |
| 1973 | 11.5% | -2.7% |
| 1974 | 11.8% | +3.0% |
| 1975 | 11.2% | -5.5% |
| 1976 | 10.7% | -3.9% |
| 1977 | 11.6% | +8.1% |
| 1978 | 11.5% | -0.7% |
| 1979 | 12.0% | +4.0% |
| 1980 | 12.1% | +1.1% |
| 1981 | 12.6% | +3.4% |
| 1982 | 12.0% | -4.6% |
| 1983 | 10.3% | -13.6% |
| 1984 | 10.2% | -1.8% |
| 1985 | 10.4% | +2.2% |
| 1986 | 10.2% | -2.1% |
| 1987 | 10.9% | +7.7% |
| 1988 | 10.6% | -3.2% |
| 1989 | 10.8% | +1.8% |
| 1990 | 10.8% | -0.1% |
| 1991 | 10.7% | -1.0% |
| 1992 | 10.4% | -3.0% |
| 1993 | 10.6% | +2.3% |
| 1994 | 10.8% | +2.3% |
| 1995 | 11.2% | +3.2% |
| 1996 | 11.6% | +3.7% |
| 1997 | 12.1% | +4.1% |
| 1998 | 12.5% | +3.9% |
| 1999 | 12.5% | -0.5% |
| 2000 | 13.1% | +5.3% |
| 2001 | 12.1% | -8.2% |
| 2002 | 10.2% | -15.7% |
| 2003 | 9.7% | -4.4% |
| 2004 | 9.9% | +1.5% |
| 2005 | 10.9% | +10.6% |
| 2006 | 11.5% | +5.3% |
| 2007 | 11.5% | -0.2% |
| 2008 | 10.5% | -8.8% |
| 2009 | 8.3% | -20.8% |
| 2010 | 8.8% | +6.7% |
| 2011 | 9.7% | +10.2% |
| 2012 | 9.9% | +2.0% |
| 2013 | 10.6% | +6.4% |
| 2014 | 11.0% | +4.0% |
| 2015 | 11.3% | +2.8% |
| 2016 | 11.0% | -2.6% |
| 2017 | 11.6% | +5.5% |
| 2018 | 10.2% | -12.1% |
| 2019 | 10.1% | -0.7% |
| 2020 | 10.4% | +3.0% |
| 2021 | 11.6% | +11.3% |
| 2022 | 12.7% | +9.4% |
| 2023 | 10.9% | -14.3% |
| 2024 | 11.0% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.5% | 10.7% | 12.0% | 8 |
| 1980s | 11.0% | 10.2% | 12.6% | 10 |
| 1990s | 11.3% | 10.4% | 12.5% | 10 |
| 2000s | 10.8% | 8.3% | 13.1% | 10 |
| 2010s | 10.4% | 8.8% | 11.6% | 10 |
| 2020s | 11.3% | 10.4% | 12.7% | 5 |
Countries ranked near North America
More public sector data for North America
- Arms imports 1.36 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 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 56.45 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.36 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,692 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0325 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.84 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.03 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 48.39 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in North America?
- Tax revenue in North America was 11.0% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in North America?
- The highest recorded value was 13.1% in 2000.
- What is the lowest tax revenue recorded in North America?
- The lowest recorded value was 8.3% in 2009.
- How does North America rank for tax revenue?
- North America ranks 22nd out of 35 groups with data for 2024.
- Is tax revenue rising or falling in North America?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is falling.
- Where does this North America 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.