Taxes on income, profits and capital gains in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Taxes on income, profits and capital gains was 29.1% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Latin America & the Caribbean (IDA & IBRD countries), 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on income, profits and capital gains in Latin America & the Caribbean (IDA & IBRD countries) stood at 29.1%.
Compared with earlier readings it is down 1.1% on the previous year and up 4.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Latin America & the Caribbean (IDA & IBRD countries) peaked at 31.0% in 2016 and was at its lowest, 9.0%, in 1991.
Latin America & the Caribbean (IDA & IBRD countries) ranks 8th of 41 groups on this measure, 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 Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 12.5% | — |
| 1991 | 9.0% | -28.0% |
| 1992 | 13.4% | +49.2% |
| 1993 | 13.3% | -0.7% |
| 1994 | 14.1% | +5.8% |
| 1995 | 14.9% | +5.8% |
| 1996 | 16.4% | +9.8% |
| 1997 | 16.5% | +0.5% |
| 1998 | 18.6% | +12.7% |
| 1999 | 17.9% | -3.4% |
| 2000 | 17.9% | -0.2% |
| 2001 | 19.2% | +7.1% |
| 2002 | 20.1% | +4.6% |
| 2003 | 21.1% | +5.3% |
| 2004 | 21.1% | -0.4% |
| 2005 | 21.1% | +0.3% |
| 2006 | 21.2% | +0.5% |
| 2007 | 22.9% | +8.2% |
| 2008 | 23.7% | +3.3% |
| 2009 | 26.7% | +12.7% |
| 2010 | 25.5% | -4.3% |
| 2011 | 25.7% | +0.7% |
| 2012 | 25.8% | +0.4% |
| 2013 | 26.6% | +2.9% |
| 2014 | 27.9% | +4.8% |
| 2015 | 25.8% | -7.5% |
| 2016 | 31.0% | +20.3% |
| 2017 | 27.1% | -12.4% |
| 2018 | 27.5% | +1.2% |
| 2019 | 28.2% | +2.6% |
| 2020 | 28.6% | +1.6% |
| 2021 | 28.6% | -0.1% |
| 2022 | 28.3% | -1.0% |
| 2023 | 29.5% | +4.2% |
| 2024 | 29.1% | -1.1% |
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains in Latin America & the Caribbean (IDA & IBRD countries) 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 |
|---|---|---|---|
| 1992 | +49.2% | 9.0% | 13.4% |
| 1991 | -28.0% | 12.5% | 9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.7% | 9.0% | 18.6% | 10 |
| 2000s | 21.5% | 17.9% | 26.7% | 10 |
| 2010s | 27.1% | 25.5% | 31.0% | 10 |
| 2020s | 28.8% | 28.3% | 29.5% | 5 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
More public sector data for Latin America & the Caribbean (IDA & IBRD countries)
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9954 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 67.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 644.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 113.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0109 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.32 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is taxes on income, profits and capital gains in Latin America & the Caribbean (IDA & IBRD countries)?
- Taxes on income, profits and capital gains in Latin America & the Caribbean (IDA & IBRD countries) was 29.1% 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 Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 31.0% in 2016.
- What is the lowest taxes on income, profits and capital gains recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 9.0% in 1991.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for taxes on income, profits and capital gains?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 8th out of 41 groups with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 4.6%. The long-run trend across the full record is rising.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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.