Global Revenue Statistics - Comparative tax revenues in Latin America and the Caribbean
Latin America and the Caribbean: Global Revenue Statistics - Comparative tax revenues was 21.72 Percentage of GDP in 2024. ▲ Rising
Global Revenue Statistics - Comparative tax revenues in Latin America and the Caribbean, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, global revenue statistics - comparative tax revenues in Latin America and the Caribbean stood at 21.72 Percentage of GDP. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 0.9% on the previous year and up 7.2% over ten years.
Over the whole period, global revenue statistics - comparative tax revenues in Latin America and the Caribbean peaked at 21.72 Percentage of GDP in 2024 and was at its lowest, 14.21 Percentage of GDP, in 1991.
The long-run direction has been consistently rising across the 35 years of available data.
Global Revenue Statistics - Comparative tax revenues in Latin America and the Caribbean, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1990 | 14.53 Percentage of GDP | — |
| 1991 | 14.21 Percentage of GDP | -2.2% |
| 1992 | 15.01 Percentage of GDP | +5.7% |
| 1993 | 15.25 Percentage of GDP | +1.6% |
| 1994 | 15.54 Percentage of GDP | +1.9% |
| 1995 | 15.77 Percentage of GDP | +1.5% |
| 1996 | 15.81 Percentage of GDP | +0.3% |
| 1997 | 16.13 Percentage of GDP | +2.0% |
| 1998 | 16.15 Percentage of GDP | +0.1% |
| 1999 | 16.42 Percentage of GDP | +1.7% |
| 2000 | 16.83 Percentage of GDP | +2.5% |
| 2001 | 17.14 Percentage of GDP | +1.8% |
| 2002 | 17.19 Percentage of GDP | +0.3% |
| 2003 | 17.53 Percentage of GDP | +1.9% |
| 2004 | 18 Percentage of GDP | +2.7% |
| 2005 | 18.55 Percentage of GDP | +3.0% |
| 2006 | 19.08 Percentage of GDP | +2.9% |
| 2007 | 19.66 Percentage of GDP | +3.0% |
| 2008 | 19.8 Percentage of GDP | +0.7% |
| 2009 | 19.26 Percentage of GDP | -2.7% |
| 2010 | 19.7 Percentage of GDP | +2.3% |
| 2011 | 20.07 Percentage of GDP | +1.9% |
| 2012 | 20.23 Percentage of GDP | +0.8% |
| 2013 | 20.34 Percentage of GDP | +0.6% |
| 2014 | 20.27 Percentage of GDP | -0.3% |
| 2015 | 20.8 Percentage of GDP | +2.6% |
| 2016 | 20.66 Percentage of GDP | -0.7% |
| 2017 | 20.65 Percentage of GDP | -0.1% |
| 2018 | 21.08 Percentage of GDP | +2.1% |
| 2019 | 21.24 Percentage of GDP | +0.8% |
| 2020 | 20.58 Percentage of GDP | -3.1% |
| 2021 | 21.1 Percentage of GDP | +2.6% |
| 2022 | 21.44 Percentage of GDP | +1.6% |
| 2023 | 21.54 Percentage of GDP | +0.4% |
| 2024 | 21.72 Percentage of GDP | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.48 Percentage of GDP | 14.21 Percentage of GDP | 16.42 Percentage of GDP | 10 |
| 2000s | 18.31 Percentage of GDP | 16.83 Percentage of GDP | 19.8 Percentage of GDP | 10 |
| 2010s | 20.5 Percentage of GDP | 19.7 Percentage of GDP | 21.24 Percentage of GDP | 10 |
| 2020s | 21.28 Percentage of GDP | 20.58 Percentage of GDP | 21.72 Percentage of GDP | 5 |
Countries ranked near Latin America and the Caribbean
- 1 Denmark 45.18 Percentage of GDP compare
- 2 Türkiye 23.95 Percentage of GDP compare
- 2 France 43.46 Percentage of GDP compare
- 3 Austria 43.37 Percentage of GDP compare
- 3 Viet Nam 17.18 Percentage of GDP compare
- 4 Democratic Republic of the Congo 10.93 Percentage of GDP compare
- 4 Italy 42.75 Percentage of GDP compare
- 5 Cabo Verde 18.69 Percentage of GDP compare
- 5 Timor-Leste 10.02 Percentage of GDP compare
- 5 Belgium 42.57 Percentage of GDP compare
- 6 Finland 42.22 Percentage of GDP compare
More economy & growth data for Latin America and the Caribbean
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.86 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 13.84 million (2027)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 32.96 Percentage of GDP (2028)
- 2.5.1b Number of transboundary breeds (including extinct ones) — Value 348 No (2025)
- 2.5.2 Number of transboundary breeds with unknown risk status — Value 182 No (2025)
- 2.5.2 Number of transboundary breeds (not extinct) — Value 340 No (2025)
- Output per hour worked, GDP constant 2021 international $ at PPP 21.66 (2027)
- 2.5.2 Number of local breeds (not extinct) — Value 569 No (2025)
- 2.5.2 Number of local breeds with unknown risk status — Value 452 No (2025)
Frequently asked questions
- What is global revenue statistics - comparative tax revenues in Latin America and the Caribbean?
- Global revenue statistics - comparative tax revenues in Latin America and the Caribbean was 21.72 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest global revenue statistics - comparative tax revenues recorded in Latin America and the Caribbean?
- The highest recorded value was 21.72 Percentage of GDP in 2024.
- What is the lowest global revenue statistics - comparative tax revenues recorded in Latin America and the Caribbean?
- The lowest recorded value was 14.21 Percentage of GDP in 1991.
- How does Latin America and the Caribbean rank for global revenue statistics - comparative tax revenues?
- Latin America and the Caribbean ranks 3rd out of 6 groups with data for 2024.
- Is global revenue statistics - comparative tax revenues rising or falling in Latin America and the Caribbean?
- Over the last ten years it is up 7.2%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Global Revenue Statistics - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data from countries included in Global Revenue Statistics, presented as a percentage of GDP and as a share of total tax revenue, as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax.