Taxes on goods and services in Brazil
Brazil: Taxes on goods and services was 6.7% in 2024. ▼ Falling
Taxes on goods and services in Brazil, 2010–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Brazil is 6.7%, measured in 2024.
The figure is up 19.2% on the previous year and down 6.5% over ten years.
Over the whole period, taxes on goods and services in Brazil peaked at 8.3% in 2011 and was at its lowest, 5.6%, in 2023.
That places Brazil 112th out of 154 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Taxes on goods and services in Brazil, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2010 | 8.3% | — |
| 2011 | 8.3% | +0.2% |
| 2012 | 8.1% | -2.0% |
| 2013 | 7.8% | -4.6% |
| 2014 | 7.2% | -7.6% |
| 2015 | 7.2% | +1.0% |
| 2016 | 6.9% | -5.1% |
| 2017 | 7.1% | +3.2% |
| 2018 | 7.4% | +3.6% |
| 2019 | 6.8% | -7.6% |
| 2020 | 6.0% | -11.4% |
| 2021 | 6.8% | +13.3% |
| 2022 | 5.9% | -12.9% |
| 2023 | 5.6% | -5.0% |
| 2024 | 6.7% | +19.2% |
Brazil compared with similar countries
- Brazil's 6.7% is below the median for upper middle income countries, which is 9.8%, 68% of the median. (48 countries reporting)
- Brazil's 6.7% is below the median for Latin America & Caribbean, which is 9.1%, 74% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.5% | 6.8% | 8.3% | 10 |
| 2020s | 6.2% | 5.6% | 6.8% | 5 |
Countries ranked near Brazil
More public sector data for Brazil
- Arms imports 435.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.05 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 135.13 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 435.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 98.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0096 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.86 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 20.95 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 22.13 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Brazil?
- Taxes on goods and services in Brazil was 6.7% 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 Brazil?
- The highest recorded value was 8.3% in 2011.
- What is the lowest taxes on goods and services recorded in Brazil?
- The lowest recorded value was 5.6% in 2023.
- How does Brazil rank for taxes on goods and services?
- Brazil ranks 112th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Brazil?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is falling.
- Where does this Brazil 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 (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.