Taxes on international trade in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Taxes on international trade was 4.5% in 2024. ▼ Falling
Taxes on international trade in Latin America & Caribbean (excluding high income), 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Latin America & Caribbean (excluding high income) is 4.5%, measured in 2024.
That represents a change of up 5.8% on the previous year and up 15.3% over ten years.
Over the whole period, taxes on international trade in Latin America & Caribbean (excluding high income) peaked at 8.4% in 1998 and was at its lowest, 3.0%, in 2020.
Latin America & Caribbean (excluding high income) ranks 18th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Taxes on international trade in Latin America & Caribbean (excluding high income), year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 8.4% | — |
| 1999 | 7.4% | -11.8% |
| 2000 | 6.2% | -16.0% |
| 2003 | 7.0% | +12.6% |
| 2004 | 7.0% | -0.4% |
| 2005 | 7.5% | +6.9% |
| 2006 | 7.1% | -5.2% |
| 2007 | 5.9% | -16.8% |
| 2008 | 5.2% | -11.6% |
| 2009 | 4.9% | -5.2% |
| 2010 | 4.7% | -4.8% |
| 2011 | 4.2% | -10.3% |
| 2012 | 4.3% | +1.0% |
| 2013 | 4.5% | +5.6% |
| 2014 | 3.9% | -12.9% |
| 2015 | 3.8% | -4.0% |
| 2016 | 4.1% | +8.2% |
| 2017 | 3.9% | -3.5% |
| 2018 | 3.9% | -0.0% |
| 2019 | 3.9% | -0.2% |
| 2020 | 3.0% | -23.5% |
| 2021 | 3.4% | +13.0% |
| 2022 | 5.1% | +49.6% |
| 2023 | 4.3% | -15.6% |
| 2024 | 4.5% | +5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.9% | 7.4% | 8.4% | 2 |
| 2000s | 6.4% | 4.9% | 7.5% | 8 |
| 2010s | 4.1% | 3.8% | 4.7% | 10 |
| 2020s | 4.0% | 3.0% | 5.1% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 15 Burkina Faso 16.6% compare
- 16 Nepal 16.6% compare
- 17 Guinea-Bissau 16.0% compare
- 18 Sudan 15.7% compare
- 19 Togo 15.3% compare
- 20 Cape Verde 15.0% compare
- 21 Argentina 15.0% compare
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 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 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is taxes on international trade in Latin America & Caribbean (excluding high income)?
- Taxes on international trade in Latin America & Caribbean (excluding high income) was 4.5% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 8.4% in 1998.
- What is the lowest taxes on international trade recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 3.0% in 2020.
- How does Latin America & Caribbean (excluding high income) rank for taxes on international trade?
- Latin America & Caribbean (excluding high income) ranks 18th out of 41 groups with data for 2024.
- Is taxes on international trade rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 15.3%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.