Latin America and the Caribbean vs Luxembourg: Tax revenue as a proportion of GDP
Latin America and the Caribbean
14.1%
in 2023
Luxembourg
26.8%
in 2023
Latin America and the Caribbean rank
11th
Luxembourg rank
10th
Tax revenue as a proportion of GDP over time
- Latin America and the Caribbean
- Luxembourg
How they compare
Luxembourg currently reports 26.8% against 14.1% in Latin America and the Caribbean, a difference of 12.7%.
That makes Luxembourg's figure about 1.9 times Latin America and the Caribbean's.
Across all 14 years both countries report, Luxembourg has been ahead every year.
Latin America and the Caribbean ranks 11th and Luxembourg ranks 10th of 30 groups.
Luxembourg has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America and the Caribbean | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.4% | 24.7% | 11.3% | Luxembourg |
| 2020s | 13.9% | 26.3% | 12.4% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue as a proportion of gdp, Latin America and the Caribbean or Luxembourg?
- Luxembourg, at 26.8% against 14.1% in Latin America and the Caribbean as of 2023.
- What is the difference in tax revenue as a proportion of gdp between Latin America and the Caribbean and Luxembourg?
- 12.7%, with Luxembourg ahead.
- How many years of comparable data are there for Latin America and the Caribbean and Luxembourg?
- 14 years are reported by both, from 2010 to 2023.
- How do Latin America and the Caribbean and Luxembourg rank globally for tax revenue as a proportion of gdp?
- Latin America and the Caribbean ranks 11th and Luxembourg ranks 10th of 30 groups.
- Where does this data come from?
- United Nations Statistics Division, SDG Global Database, published as Tax revenue as a proportion of GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.