Taxes on goods and services in Guatemala
Guatemala: Taxes on goods and services was 7.9% 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 % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Guatemala is 7.9%, measured in 2024.
Compared with earlier readings it is up 0.2% on the previous year and up 6.8% over ten years.
Over the whole period, taxes on goods and services in Guatemala peaked at 9.0% in 2007 and was at its lowest, 4.2%, in 1991.
That places Guatemala 101st out of 154 countries with data for 2024, putting it in the middle of the range.
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 | % value added of industry and services | Change |
|---|---|---|
| 1990 | 4.5% | — |
| 1991 | 4.2% | -7.1% |
| 1992 | 5.3% | +26.0% |
| 1993 | 5.2% | -0.9% |
| 1994 | 4.9% | -5.3% |
| 1995 | 5.1% | +3.9% |
| 1996 | 6.1% | +19.3% |
| 1997 | 6.5% | +6.7% |
| 1998 | 7.7% | +18.1% |
| 1999 | 8.5% | +10.8% |
| 2000 | 8.1% | -4.9% |
| 2001 | 8.1% | +0.4% |
| 2002 | 8.8% | +7.7% |
| 2003 | 8.6% | -1.8% |
| 2004 | 8.7% | +1.2% |
| 2005 | 7.5% | -14.4% |
| 2006 | 8.5% | +14.2% |
| 2007 | 9.0% | +5.2% |
| 2008 | 8.2% | -8.4% |
| 2009 | 7.3% | -11.0% |
| 2010 | 7.5% | +2.0% |
| 2011 | 7.6% | +1.9% |
| 2012 | 7.6% | +0.1% |
| 2013 | 7.9% | +3.8% |
| 2014 | 7.4% | -6.0% |
| 2015 | 7.3% | -2.0% |
| 2016 | 7.1% | -2.7% |
| 2017 | 7.3% | +2.6% |
| 2018 | 7.3% | +0.9% |
| 2019 | 7.3% | +0.0% |
| 2020 | 6.9% | -5.2% |
| 2021 | 7.9% | +14.3% |
| 2022 | 8.2% | +3.4% |
| 2023 | 7.9% | -3.6% |
| 2024 | 7.9% | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.8% | 4.2% | 8.5% | 10 |
| 2000s | 8.3% | 7.3% | 9.0% | 10 |
| 2010s | 7.4% | 7.1% | 7.9% | 10 |
| 2020s | 7.8% | 6.9% | 8.2% | 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 7.9% 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 9.0% in 2007.
- What is the lowest taxes on goods and services recorded in Guatemala?
- The lowest recorded value was 4.2% in 1991.
- How does Guatemala rank for taxes on goods and services?
- Guatemala ranks 101st out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Guatemala?
- Over the last ten years it is up 6.8%. 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 (% 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.