Taxes on goods and services (% of revenue) in Mexico
Mexico: Taxes on goods and services (% of revenue) was 31.7% in 2024. ▼ Falling
Taxes on goods and services in Mexico, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Mexico recorded 31.7% for taxes on goods and services in 2024.
The figure is up 4.7% on the previous year and up 24.8% over ten years.
Over the whole period, taxes on goods and services in Mexico peaked at 73.3% in 1983 and was at its lowest, 21.4%, in 2013.
That places Mexico 75th out of 156 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Taxes on goods and services (% of revenue) in Mexico, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 32.8% | — |
| 1973 | 36.8% | +12.2% |
| 1974 | 40.0% | +8.8% |
| 1975 | 43.3% | +8.2% |
| 1976 | 38.8% | -10.3% |
| 1977 | 38.2% | -1.7% |
| 1978 | 35.7% | -6.4% |
| 1979 | 36.0% | +0.8% |
| 1980 | 50.4% | +40.0% |
| 1981 | 53.2% | +5.6% |
| 1982 | 57.3% | +7.7% |
| 1983 | 73.3% | +28.0% |
| 1984 | 72.3% | -1.3% |
| 1985 | 71.7% | -0.8% |
| 1986 | 64.4% | -10.2% |
| 1987 | 67.4% | +4.6% |
| 1988 | 61.6% | -8.5% |
| 1989 | 55.9% | -9.3% |
| 1990 | 56.0% | +0.3% |
| 1991 | 54.6% | -2.6% |
| 1992 | 49.6% | -9.1% |
| 1993 | 48.6% | -2.1% |
| 1994 | 47.9% | -1.4% |
| 1995 | 54.3% | +13.4% |
| 1996 | 56.9% | +4.9% |
| 1997 | 59.6% | +4.7% |
| 1998 | 58.8% | -1.3% |
| 1999 | 57.8% | -1.7% |
| 2000 | 62.1% | +7.4% |
| 2008 | 21.8% | -64.9% |
| 2009 | 24.6% | +13.0% |
| 2010 | 25.5% | +3.7% |
| 2011 | 23.0% | -9.8% |
| 2012 | 23.0% | -0.2% |
| 2013 | 21.4% | -6.9% |
| 2014 | 25.4% | +18.7% |
| 2015 | 30.2% | +18.7% |
| 2016 | 30.4% | +0.8% |
| 2017 | 27.2% | -10.4% |
| 2018 | 29.1% | +6.7% |
| 2019 | 30.3% | +4.4% |
| 2020 | 32.6% | +7.4% |
| 2021 | 31.5% | -3.2% |
| 2022 | 26.3% | -16.6% |
| 2023 | 30.3% | +15.2% |
| 2024 | 31.7% | +4.7% |
Mexico compared with similar countries
- Mexico's 31.7% is below the median for upper middle income countries, which is 34.9%, 91% of the median. (48 countries reporting)
- Mexico's 31.7% is below the median for Latin America & Caribbean, which is 36.3%, 87% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (% of revenue) 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 |
|---|---|---|---|
| 2008 | -64.9% | 62.1% | 21.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 37.7% | 32.8% | 43.3% | 8 |
| 1980s | 62.8% | 50.4% | 73.3% | 10 |
| 1990s | 54.4% | 47.9% | 59.6% | 10 |
| 2000s | 36.2% | 21.8% | 62.1% | 3 |
| 2010s | 26.6% | 21.4% | 30.4% | 10 |
| 2020s | 30.5% | 26.3% | 32.6% | 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)
- 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 taxes on goods and services in Mexico?
- Taxes on goods and services in Mexico was 31.7% 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 73.3% in 1983.
- What is the lowest taxes on goods and services recorded in Mexico?
- The lowest recorded value was 21.4% in 2013.
- How does Mexico rank for taxes on goods and services?
- Mexico ranks 75th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Mexico?
- Over the last ten years it is up 24.8%. The long-run trend across the full record is falling.
- 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 (% 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.