Taxes on goods and services in Mexico
Mexico: Taxes on goods and services was 6.9% 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 % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Mexico is 6.9%, measured in 2024.
Compared with earlier readings it is up 7.2% on the previous year and up 40.7% over ten years.
Over the whole period, taxes on goods and services in Mexico peaked at 13.1% in 1983 and was at its lowest, 4.0%, in 1972.
That places Mexico 110th 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 46 years of available data.
Taxes on goods and services in Mexico, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1972 | 4.0% | — |
| 1973 | 4.3% | +8.4% |
| 1974 | 5.0% | +16.1% |
| 1975 | 6.3% | +26.0% |
| 1976 | 5.7% | -9.7% |
| 1977 | 5.9% | +3.8% |
| 1978 | 5.9% | -1.3% |
| 1979 | 6.1% | +4.4% |
| 1980 | 8.2% | +33.5% |
| 1981 | 8.2% | -0.1% |
| 1982 | 9.5% | +15.7% |
| 1983 | 13.1% | +38.7% |
| 1984 | 12.4% | -5.3% |
| 1985 | 12.1% | -2.7% |
| 1986 | 10.5% | -13.4% |
| 1987 | 12.0% | +14.1% |
| 1988 | 10.5% | -12.5% |
| 1989 | 10.4% | -0.8% |
| 1990 | 10.1% | -3.1% |
| 1991 | 9.5% | -5.8% |
| 1992 | 8.7% | -7.7% |
| 1993 | 6.0% | -31.0% |
| 1994 | 6.0% | -1.2% |
| 1995 | 6.8% | +13.9% |
| 1996 | 7.3% | +7.0% |
| 1997 | 7.3% | +1.1% |
| 1998 | 6.3% | -13.8% |
| 1999 | 6.6% | +4.7% |
| 2000 | 7.8% | +17.1% |
| 2008 | 4.5% | -41.4% |
| 2009 | 4.5% | -1.6% |
| 2010 | 4.7% | +6.2% |
| 2011 | 4.5% | -6.0% |
| 2012 | 4.4% | -1.8% |
| 2013 | 4.1% | -5.5% |
| 2014 | 4.9% | +17.9% |
| 2015 | 6.1% | +24.2% |
| 2016 | 6.4% | +6.0% |
| 2017 | 5.8% | -9.8% |
| 2018 | 5.8% | +0.6% |
| 2019 | 6.2% | +5.8% |
| 2020 | 6.7% | +9.1% |
| 2021 | 6.4% | -4.8% |
| 2022 | 5.6% | -13.3% |
| 2023 | 6.4% | +15.5% |
| 2024 | 6.9% | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 4.0% | 6.3% | 8 |
| 1980s | 10.7% | 8.2% | 13.1% | 10 |
| 1990s | 7.5% | 6.0% | 10.1% | 10 |
| 2000s | 5.6% | 4.5% | 7.8% | 3 |
| 2010s | 5.3% | 4.1% | 6.4% | 10 |
| 2020s | 6.4% | 5.6% | 6.9% | 5 |
Countries ranked near Mexico
- 107 Marshall Islands 7.2% compare
- 108 Saint Kitts and Nevis 7.1% compare
- 109 Argentina 6.9% compare
- 111 Ghana 6.9% compare
- 112 Brazil 6.7% compare
- 113 Saudi Arabia 6.7% compare
More public sector data for Mexico
- Arms imports 46.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 46.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 127.82 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0091 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 41.44 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 16.73 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Mexico?
- Taxes on goods and services in Mexico was 6.9% 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 Mexico?
- The highest recorded value was 13.1% in 1983.
- What is the lowest taxes on goods and services recorded in Mexico?
- The lowest recorded value was 4.0% in 1972.
- How does Mexico rank for taxes on goods and services?
- Mexico ranks 110th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Mexico?
- Over the last ten years it is up 40.7%. 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 (% 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.