Taxes on goods and services (current LCU) in Mexico
Mexico: Taxes on goods and services (current LCU) was 2.07 trillion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Mexico, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Mexico recorded 2.07 trillion current LCU for taxes on goods and services in 2024. That is the highest value across all 46 years on record.
The figure is up 12.0% on the previous year and up 153.3% over ten years.
Over the whole period, taxes on goods and services in Mexico peaked at 2.07 trillion current LCU in 2024 and was at its lowest, 19.00 million current LCU, in 1972.
That places Mexico 26th out of 157 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU) in Mexico, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 19.00 million current LCU | — |
| 1973 | 25.00 million current LCU | +31.6% |
| 1974 | 38.00 million current LCU | +52.0% |
| 1975 | 58.00 million current LCU | +52.6% |
| 1976 | 66.00 million current LCU | +13.8% |
| 1977 | 92.00 million current LCU | +39.4% |
| 1978 | 115.00 million current LCU | +25.0% |
| 1979 | 158.00 million current LCU | +37.4% |
| 1980 | 339.00 million current LCU | +114.6% |
| 1981 | 465.00 million current LCU | +37.2% |
| 1982 | 863.00 million current LCU | +85.6% |
| 1983 | 2.17 billion current LCU | +151.3% |
| 1984 | 3.36 billion current LCU | +55.0% |
| 1985 | 5.23 billion current LCU | +55.6% |
| 1986 | 7.52 billion current LCU | +43.8% |
| 1987 | 20.94 billion current LCU | +178.4% |
| 1988 | 37.47 billion current LCU | +79.0% |
| 1989 | 48.55 billion current LCU | +29.6% |
| 1990 | 63.49 billion current LCU | +30.8% |
| 1991 | 77.15 billion current LCU | +21.5% |
| 1992 | 86.08 billion current LCU | +11.6% |
| 1993 | 90.91 billion current LCU | +5.6% |
| 1994 | 101.67 billion current LCU | +11.8% |
| 1995 | 152.61 billion current LCU | +50.1% |
| 1996 | 218.86 billion current LCU | +43.4% |
| 1997 | 278.74 billion current LCU | +27.4% |
| 1998 | 294.76 billion current LCU | +5.7% |
| 1999 | 366.62 billion current LCU | +24.4% |
| 2000 | 503.62 billion current LCU | +37.4% |
| 2008 | 555.80 billion current LCU | +10.4% |
| 2009 | 530.16 billion current LCU | -4.6% |
| 2010 | 617.07 billion current LCU | +16.4% |
| 2011 | 638.92 billion current LCU | +3.5% |
| 2012 | 681.69 billion current LCU | +6.7% |
| 2013 | 655.33 billion current LCU | -3.9% |
| 2014 | 815.46 billion current LCU | +24.4% |
| 2015 | 1.07 trillion current LCU | +30.7% |
| 2016 | 1.21 trillion current LCU | +13.7% |
| 2017 | 1.19 trillion current LCU | -1.4% |
| 2018 | 1.29 trillion current LCU | +7.9% |
| 2019 | 1.41 trillion current LCU | +9.6% |
| 2020 | 1.46 trillion current LCU | +3.6% |
| 2021 | 1.54 trillion current LCU | +5.6% |
| 2022 | 1.50 trillion current LCU | -3.1% |
| 2023 | 1.84 trillion current LCU | +23.1% |
| 2024 | 2.07 trillion current LCU | +12.0% |
Mexico compared with similar countries
- Mexico's 2.07 trillion current LCU is above the median for upper middle income countries, which is 103.35 billion current LCU, 20.0× the median. (48 countries reporting)
- Mexico's 2.07 trillion current LCU is above the median for Latin America & Caribbean, which is 58.28 billion current LCU, 35.4× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU) in Mexico changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +178.4% | 7.52 billion current LCU | 20.94 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 71.38 million current LCU | 19.00 million current LCU | 158.00 million current LCU | 8 |
| 1980s | 12.69 billion current LCU | 339.00 million current LCU | 48.55 billion current LCU | 10 |
| 1990s | 173.09 billion current LCU | 63.49 billion current LCU | 366.62 billion current LCU | 10 |
| 2000s | 529.86 billion current LCU | 503.62 billion current LCU | 555.80 billion current LCU | 3 |
| 2010s | 958.03 billion current LCU | 617.07 billion current LCU | 1.41 trillion current LCU | 10 |
| 2020s | 1.68 trillion current LCU | 1.46 trillion current LCU | 2.07 trillion current LCU | 5 |
Countries ranked near Mexico
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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on goods and services in Mexico?
- Taxes on goods and services in Mexico was 2.07 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Mexico?
- The highest recorded value was 2.07 trillion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Mexico?
- The lowest recorded value was 19.00 million current LCU in 1972.
- How does Mexico rank for taxes on goods and services?
- Mexico ranks 26th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Mexico?
- Over the last ten years it is up 153.3%. The long-run trend across the full record is volatile.
- 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.