Taxes on income, profits and capital gains in Mexico
Mexico: Taxes on income, profits and capital gains was 54.2% in 2024. ▲ Rising
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 total taxes.
Analysis
In 2024, taxes on income, profits and capital gains in Mexico stood at 54.2%.
That represents a change of down 2.4% on the previous year and up 2.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in Mexico peaked at 57.6% in 2022 and was at its lowest, 28.3%, in 1983.
Mexico ranks 25th of 153 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Taxes on income, profits and capital gains in Mexico, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 1972 | 48.8% | — |
| 1973 | 55.1% | +12.8% |
| 1974 | 54.2% | -1.7% |
| 1975 | 48.5% | -10.4% |
| 1976 | 54.0% | +11.4% |
| 1977 | 50.5% | -6.5% |
| 1978 | 52.6% | +4.0% |
| 1979 | 50.3% | -4.4% |
| 1980 | 42.7% | -15.1% |
| 1981 | 44.6% | +4.5% |
| 1982 | 36.0% | -19.1% |
| 1983 | 28.3% | -21.4% |
| 1984 | 31.1% | +9.7% |
| 1985 | 30.8% | -1.0% |
| 1986 | 34.2% | +11.3% |
| 1987 | 30.1% | -12.2% |
| 1988 | 39.2% | +30.2% |
| 1989 | 39.2% | +0.0% |
| 1990 | 39.8% | +1.7% |
| 1991 | 40.3% | +1.3% |
| 1992 | 44.4% | +10.2% |
| 1993 | 48.9% | +10.1% |
| 1994 | 49.1% | +0.4% |
| 1995 | 38.9% | -20.9% |
| 1996 | 37.4% | -3.6% |
| 1997 | 40.6% | +8.5% |
| 1998 | 46.3% | +14.1% |
| 1999 | 46.9% | +1.2% |
| 2000 | 43.2% | -7.9% |
| 2008 | 50.8% | +17.7% |
| 2009 | 50.3% | -1.0% |
| 2010 | 50.6% | +0.6% |
| 2011 | 52.6% | +4.0% |
| 2012 | 51.9% | -1.3% |
| 2013 | 57.1% | +10.0% |
| 2014 | 52.7% | -7.7% |
| 2015 | 51.7% | -2.0% |
| 2016 | 52.2% | +1.1% |
| 2017 | 54.8% | +5.0% |
| 2018 | 54.4% | -0.8% |
| 2019 | 52.7% | -3.1% |
| 2020 | 52.8% | +0.2% |
| 2021 | 53.2% | +0.7% |
| 2022 | 57.6% | +8.4% |
| 2023 | 55.5% | -3.7% |
| 2024 | 54.2% | -2.4% |
Mexico compared with similar countries
- Mexico's 54.2% is above the median for upper middle income countries, which is 37.1%, 1.5× the median. (48 countries reporting)
- Mexico's 54.2% is above the median for Latin America & Caribbean, which is 36.0%, 1.5× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 51.8% | 48.5% | 55.1% | 8 |
| 1980s | 35.6% | 28.3% | 44.6% | 10 |
| 1990s | 43.3% | 37.4% | 49.1% | 10 |
| 2000s | 48.1% | 43.2% | 50.8% | 3 |
| 2010s | 53.1% | 50.6% | 57.1% | 10 |
| 2020s | 54.7% | 52.8% | 57.6% | 5 |
Countries ranked near Mexico
- 22 Italy 55.4% compare
- 23 Luxembourg 55.4% compare
- 24 South Korea 54.8% compare
- 26 France 53.8% compare
- 27 United Kingdom 52.6% compare
- 28 Nauru 52.2% compare
More public sector data for Mexico
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Mexico?
- Taxes on income, profits and capital gains in Mexico was 54.2% 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 57.6% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Mexico?
- The lowest recorded value was 28.3% in 1983.
- How does Mexico rank for taxes on income, profits and capital gains?
- Mexico ranks 25th 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 2.8%. The long-run trend across the full record is rising.
- 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 total taxes). Statizoid updates them automatically from the source API.
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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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.