Taxes on income, profits and capital gains in Mexico
Mexico: Taxes on income, profits and capital gains was 41.3% in 2024. ▬ Flat
Latest (2024)
41.3%
Change on year
down 0.0%
World rank
12th
of 153 countries
All-time high
41.3%
in 2023
All-time low
23.4%
in 1983
Years of data
46
1972–2024
Taxes on income, profits and capital gains in Mexico, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Mexico recorded 41.3% for taxes on income, profits and capital gains in 2024.
The figure is up 35.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Mexico peaked at 41.3% in 2023 and was at its lowest, 23.4%, in 1983.
Mexico ranks 12th of 153 countries on this measure, in the top 10%.
Taxes on income, profits and capital gains in Mexico, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 36.2% | — |
| 1973 | 39.7% | +9.7% |
| 1974 | 41.1% | +3.4% |
| 1975 | 36.6% | -10.9% |
| 1976 | 39.4% | +7.8% |
| 1977 | 38.6% | -2.1% |
| 1978 | 41.0% | +6.2% |
| 1979 | 39.9% | -2.8% |
| 1980 | 34.2% | -14.3% |
| 1981 | 34.8% | +1.8% |
| 1982 | 28.0% | -19.6% |
| 1983 | 23.4% | -16.4% |
| 1984 | 26.1% | +11.8% |
| 1985 | 26.1% | -0.2% |
| 1986 | 28.7% | +10.0% |
| 1987 | 25.1% | -12.5% |
| 1988 | 30.3% | +21.0% |
| 1989 | 29.8% | -1.7% |
| 1990 | 30.6% | +2.6% |
| 1991 | 31.3% | +2.2% |
| 1992 | 33.4% | +6.8% |
| 1993 | 37.0% | +10.7% |
| 1994 | 35.0% | -5.4% |
| 1995 | 27.1% | -22.6% |
| 1996 | 26.6% | -1.8% |
| 1997 | 30.9% | +16.3% |
| 1998 | 36.3% | +17.3% |
| 1999 | 36.5% | +0.6% |
| 2000 | 34.1% | -6.6% |
| 2008 | 24.7% | -27.7% |
| 2009 | 27.5% | +11.5% |
| 2010 | 28.3% | +2.9% |
| 2011 | 27.9% | -1.5% |
| 2012 | 27.1% | -2.8% |
| 2013 | 31.3% | +15.5% |
| 2014 | 30.5% | -2.4% |
| 2015 | 34.7% | +13.8% |
| 2016 | 35.7% | +2.8% |
| 2017 | 35.8% | +0.1% |
| 2018 | 37.7% | +5.4% |
| 2019 | 36.4% | -3.5% |
| 2020 | 39.4% | +8.1% |
| 2021 | 38.9% | -1.3% |
| 2022 | 40.1% | +3.1% |
| 2023 | 41.3% | +3.1% |
| 2024 | 41.3% | -0.0% |
Mexico compared with similar countries
- Mexico's 41.3% is above the median for upper middle income countries, which is 22.7%, 1.8× the median. (48 countries reporting)
- Mexico's 41.3% is above the median for Latin America & Caribbean, which is 25.4%, 1.6× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 39.0% | 36.2% | 41.1% | 8 |
| 1980s | 28.6% | 23.4% | 34.8% | 10 |
| 1990s | 32.5% | 26.6% | 37.0% | 10 |
| 2000s | 28.8% | 24.7% | 34.1% | 3 |
| 2010s | 32.5% | 27.1% | 37.7% | 10 |
| 2020s | 40.2% | 38.9% | 41.3% | 5 |
Countries ranked near Mexico
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 income, profits and capital gains in Mexico?
- Taxes on income, profits and capital gains in Mexico was 41.3% 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 Mexico?
- The highest recorded value was 41.3% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Mexico?
- The lowest recorded value was 23.4% in 1983.
- How does Mexico rank for taxes on income, profits and capital gains?
- Mexico ranks 12th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Mexico?
- Over the last ten years it is up 35.4%. The long-run trend across the full record is flat.
- 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 income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
Download this data
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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.