Taxes on goods and services in Nicaragua
Nicaragua: Taxes on goods and services was 13.8% in 2024. ▲ Rising
Taxes on goods and services in Nicaragua, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2024, taxes on goods and services in Nicaragua stood at 13.8%.
That represents a change of up 1.3% on the previous year and up 15.7% over ten years.
Over the whole period, taxes on goods and services in Nicaragua peaked at 13.8% in 2022 and was at its lowest, 7.3%, in 1994.
Nicaragua ranks 36th of 154 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Taxes on goods and services in Nicaragua, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1994 | 7.3% | — |
| 1995 | 10.3% | +42.0% |
| 1996 | 10.7% | +3.0% |
| 1997 | 11.3% | +5.8% |
| 1998 | 11.2% | -0.6% |
| 1999 | 11.4% | +1.4% |
| 2000 | 11.2% | -1.2% |
| 2001 | 9.7% | -13.5% |
| 2002 | 10.2% | +5.3% |
| 2003 | 10.8% | +6.1% |
| 2004 | 11.1% | +2.5% |
| 2005 | 11.8% | +6.0% |
| 2006 | 11.8% | +0.4% |
| 2007 | 12.0% | +1.1% |
| 2008 | 11.0% | -8.2% |
| 2009 | 10.5% | -4.5% |
| 2010 | 11.5% | +10.0% |
| 2011 | 12.1% | +4.7% |
| 2012 | 12.2% | +1.4% |
| 2013 | 12.0% | -2.1% |
| 2014 | 11.9% | -0.3% |
| 2015 | 11.8% | -1.3% |
| 2016 | 11.8% | +0.0% |
| 2017 | 12.0% | +1.6% |
| 2018 | 10.5% | -12.6% |
| 2019 | 12.0% | +14.1% |
| 2020 | 12.0% | +0.3% |
| 2021 | 13.5% | +12.1% |
| 2022 | 13.8% | +2.8% |
| 2023 | 13.6% | -1.4% |
| 2024 | 13.8% | +1.3% |
Nicaragua compared with similar countries
- Nicaragua's 13.8% is above the median for lower middle income countries, which is 8.7%, 1.6× the median. (37 countries reporting)
- Nicaragua's 13.8% is above the median for Latin America & Caribbean, which is 9.1%, 1.5× 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 |
|---|---|---|---|
| 1995 | +42.0% | 7.3% | 10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.4% | 7.3% | 11.4% | 6 |
| 2000s | 11.0% | 9.7% | 12.0% | 10 |
| 2010s | 11.8% | 10.5% | 12.2% | 10 |
| 2020s | 13.4% | 12.0% | 13.8% | 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 13.8% 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 13.8% in 2022.
- What is the lowest taxes on goods and services recorded in Nicaragua?
- The lowest recorded value was 7.3% in 1994.
- How does Nicaragua rank for taxes on goods and services?
- Nicaragua ranks 36th out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Nicaragua?
- Over the last ten years it is up 15.7%. The long-run trend across the full record is rising.
- 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 (% value added of industry and services). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.