Taxes on income, profits and capital gains in Guatemala
Guatemala: Taxes on income, profits and capital gains was 33.9% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Guatemala, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Guatemala is 33.9%, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 1.0% on the previous year and up 6.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Guatemala peaked at 33.9% in 2024 and was at its lowest, 14.7%, in 1994.
That places Guatemala 35th out of 153 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Taxes on income, profits and capital gains in Guatemala, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 18.2% | — |
| 1991 | 24.4% | +33.9% |
| 1992 | 17.5% | -28.3% |
| 1993 | 20.5% | +17.7% |
| 1994 | 14.7% | -28.5% |
| 1995 | 19.1% | +29.6% |
| 1996 | 23.6% | +23.7% |
| 1997 | 23.7% | +0.7% |
| 1998 | 20.1% | -15.5% |
| 1999 | 20.5% | +1.9% |
| 2000 | 23.7% | +15.9% |
| 2001 | 22.8% | -4.0% |
| 2002 | 26.1% | +14.8% |
| 2003 | 25.8% | -1.2% |
| 2004 | 24.5% | -5.0% |
| 2005 | 26.0% | +6.0% |
| 2006 | 26.3% | +1.1% |
| 2007 | 25.8% | -1.7% |
| 2008 | 27.4% | +6.0% |
| 2009 | 28.6% | +4.4% |
| 2010 | 27.7% | -3.2% |
| 2011 | 29.6% | +7.0% |
| 2012 | 29.4% | -0.6% |
| 2013 | 32.7% | +11.2% |
| 2014 | 32.0% | -2.2% |
| 2015 | 31.2% | -2.4% |
| 2016 | 32.1% | +2.8% |
| 2017 | 32.7% | +1.7% |
| 2018 | 31.9% | -2.4% |
| 2019 | 31.2% | -2.2% |
| 2020 | 32.4% | +3.9% |
| 2021 | 33.5% | +3.5% |
| 2022 | 32.9% | -1.8% |
| 2023 | 33.6% | +2.1% |
| 2024 | 33.9% | +1.0% |
Guatemala compared with similar countries
- Guatemala's 33.9% is above the median for upper middle income countries, which is 22.7%, 1.5× the median. (48 countries reporting)
- Guatemala's 33.9% is above the median for Latin America & Caribbean, which is 25.4%, 1.3× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.2% | 14.7% | 24.4% | 10 |
| 2000s | 25.7% | 22.8% | 28.6% | 10 |
| 2010s | 31.1% | 27.7% | 32.7% | 10 |
| 2020s | 33.3% | 32.4% | 33.9% | 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 income, profits and capital gains in Guatemala?
- Taxes on income, profits and capital gains in Guatemala was 33.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Guatemala?
- The highest recorded value was 33.9% in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Guatemala?
- The lowest recorded value was 14.7% in 1994.
- How does Guatemala rank for taxes on income, profits and capital gains?
- Guatemala ranks 35th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Guatemala?
- Over the last ten years it is up 6.0%. 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 income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.