Taxes on goods and services in Guatemala
Guatemala: Taxes on goods and services was 51.9% in 2024. ▲ Rising
Taxes on goods and services in Guatemala, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Guatemala recorded 51.9% for taxes on goods and services in 2024.
Compared with earlier readings it is up 0.8% on the previous year and up 2.4% over ten years.
Over the whole period, taxes on goods and services in Guatemala peaked at 62.8% in 1999 and was at its lowest, 34.3%, in 1991.
That places Guatemala 6th out of 156 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Taxes on goods and services in Guatemala, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 40.9% | — |
| 1991 | 34.3% | -16.3% |
| 1992 | 37.0% | +8.1% |
| 1993 | 43.7% | +17.9% |
| 1994 | 48.3% | +10.6% |
| 1995 | 46.2% | -4.4% |
| 1996 | 52.1% | +12.9% |
| 1997 | 55.4% | +6.3% |
| 1998 | 61.4% | +10.8% |
| 1999 | 62.8% | +2.3% |
| 2000 | 60.3% | -4.0% |
| 2001 | 53.2% | -11.7% |
| 2002 | 55.2% | +3.7% |
| 2003 | 56.0% | +1.4% |
| 2004 | 57.9% | +3.4% |
| 2005 | 51.7% | -10.7% |
| 2006 | 56.3% | +9.0% |
| 2007 | 58.5% | +3.9% |
| 2008 | 58.1% | -0.7% |
| 2009 | 56.4% | -3.0% |
| 2010 | 57.0% | +1.1% |
| 2011 | 56.2% | -1.4% |
| 2012 | 56.7% | +0.8% |
| 2013 | 56.2% | -0.9% |
| 2014 | 50.7% | -9.8% |
| 2015 | 52.4% | +3.3% |
| 2016 | 49.9% | -4.8% |
| 2017 | 51.4% | +3.1% |
| 2018 | 52.4% | +1.8% |
| 2019 | 52.7% | +0.7% |
| 2020 | 52.6% | -0.2% |
| 2021 | 52.6% | +0.1% |
| 2022 | 53.6% | +1.8% |
| 2023 | 51.5% | -3.9% |
| 2024 | 51.9% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48.2% | 34.3% | 62.8% | 10 |
| 2000s | 56.4% | 51.7% | 60.3% | 10 |
| 2010s | 53.6% | 49.9% | 57.0% | 10 |
| 2020s | 52.5% | 51.5% | 53.6% | 5 |
Countries ranked near Guatemala
More public sector data for Guatemala
- Arms imports 6.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.331 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -40 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 6.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 22.56 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0037 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -5.13 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 415.19 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 55.99 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Guatemala?
- Taxes on goods and services in Guatemala was 51.9% 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 Guatemala?
- The highest recorded value was 62.8% in 1999.
- What is the lowest taxes on goods and services recorded in Guatemala?
- The lowest recorded value was 34.3% in 1991.
- How does Guatemala rank for taxes on goods and services?
- Guatemala ranks 6th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Guatemala?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is rising.
- Where does this Guatemala 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 (% of revenue). Statizoid updates them automatically from the source API.
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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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.