Taxes on goods and services in Nicaragua
Nicaragua: Taxes on goods and services was 47.5% in 2024. ▬ Flat
Taxes on goods and services in Nicaragua, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Nicaragua recorded 47.5% for taxes on goods and services in 2024.
Compared with earlier readings it is up 2.3% on the previous year and down 5.8% over ten years.
Over the whole period, taxes on goods and services in Nicaragua peaked at 58.2% in 1997 and was at its lowest, 31.7%, in 1991.
Nicaragua ranks 12th of 156 countries on this measure, in the top 10%.
Taxes on goods and services in Nicaragua, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 35.2% | — |
| 1991 | 31.7% | -10.0% |
| 1992 | 44.4% | +40.0% |
| 1993 | 37.2% | -16.2% |
| 1994 | 43.1% | +15.9% |
| 1995 | 52.1% | +20.9% |
| 1996 | 54.7% | +4.9% |
| 1997 | 58.2% | +6.5% |
| 1998 | 56.9% | -2.2% |
| 1999 | 52.9% | -7.1% |
| 2000 | 54.0% | +2.0% |
| 2001 | 53.3% | -1.3% |
| 2002 | 54.3% | +1.8% |
| 2003 | 51.8% | -4.6% |
| 2004 | 50.5% | -2.5% |
| 2005 | 50.6% | +0.2% |
| 2006 | 49.5% | -2.3% |
| 2007 | 49.5% | +0.1% |
| 2008 | 50.0% | +1.0% |
| 2009 | 49.4% | -1.2% |
| 2010 | 52.3% | +5.7% |
| 2011 | 50.3% | -3.8% |
| 2012 | 50.4% | +0.2% |
| 2013 | 51.4% | +2.0% |
| 2014 | 50.4% | -1.8% |
| 2015 | 49.5% | -1.9% |
| 2016 | 48.0% | -3.1% |
| 2017 | 48.1% | +0.2% |
| 2018 | 45.2% | -6.0% |
| 2019 | 45.9% | +1.7% |
| 2020 | 47.1% | +2.6% |
| 2021 | 47.1% | -0.0% |
| 2022 | 46.1% | -2.2% |
| 2023 | 46.5% | +0.8% |
| 2024 | 47.5% | +2.3% |
Nicaragua compared with similar countries
- Nicaragua's 47.5% is above the median for lower middle income countries, which is 34.4%, 1.4× the median. (36 countries reporting)
- Nicaragua's 47.5% is above the median for Latin America & Caribbean, which is 36.3%, 1.3× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services in Nicaragua 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 |
|---|---|---|---|
| 1992 | +40.0% | 31.7% | 44.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 46.6% | 31.7% | 58.2% | 10 |
| 2000s | 51.3% | 49.4% | 54.3% | 10 |
| 2010s | 49.1% | 45.2% | 52.3% | 10 |
| 2020s | 46.9% | 46.1% | 47.5% | 5 |
Countries ranked near Nicaragua
More public sector data for Nicaragua
- Arms imports 13.00 million SIPRI trend indicator values (2019)
- Arms imports (SIPRI trend indicator values), per capita 2.01 SIPRI trend indicator values per person (2019)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2019)
- Arms imports (SIPRI trend indicator values), annual growth rate -91.86 % change on previous year (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 13.00 million SIPRI trend indicator values (2019)
- Military expenditure (current USD), per capita 15.22 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0053 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 105.26 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 108.03 SIPRI trend indicator values per square kilometre (2019)
Frequently asked questions
- What is taxes on goods and services in Nicaragua?
- Taxes on goods and services in Nicaragua was 47.5% 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 Nicaragua?
- The highest recorded value was 58.2% in 1997.
- What is the lowest taxes on goods and services recorded in Nicaragua?
- The lowest recorded value was 31.7% in 1991.
- How does Nicaragua rank for taxes on goods and services?
- Nicaragua ranks 12th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Nicaragua?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is flat.
- Where does this Nicaragua 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.