Revenue Statistics in Latin America and the Caribbean - Comparative tax revenues by country
Internationally comparable tax revenue data from Revenue Statistics in Latin America and the Caribbean countries presented as a percentage of GDP and as a share of total tax revenues as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related...
What the numbers show
Revenue Statistics in Latin America and the Caribbean - Comparative tax revenues is currently reported for 29 countries. The highest value is 33.68 Percentage of GDP in Brazil; the lowest is 9.19 Percentage of GDP in Guyana.
The median across all reporting countries is 21.28 Percentage of GDP, and the mean is 21.47 Percentage of GDP.
The gap between the highest and lowest reporting country is a factor of about 4.
Over the past decade 22 countries rose and 7 fell. The largest increase was in Bahamas (up 44.6%), and the largest decrease in Guyana (down 48.3%).
Revenue Statistics in Latin America and the Caribbean - Comparative: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Brazil | 33.68 Percentage of GDP | 2024 | up 8.5% | rising |
| 2 | Barbados | 30.74 Percentage of GDP | 2024 | up 21.5% | rising |
| 3 | Jamaica | 30.7 Percentage of GDP | 2024 | up 24.0% | rising |
| 4 | Argentina | 27.63 Percentage of GDP | 2024 | down 11.2% | rising |
| 5 | Nicaragua | 27.61 Percentage of GDP | 2024 | up 26.9% | rising |
| 6 | Uruguay | 27.25 Percentage of GDP | 2024 | up 8.4% | rising |
| 7 | Costa Rica | 24.84 Percentage of GDP | 2024 | up 9.9% | rising |
| 8 | Trinidad and Tobago | 24.59 Percentage of GDP | 2024 | down 8.8% | rising |
| 9 | Belize | 24.51 Percentage of GDP | 2024 | up 13.0% | rising |
| 10 | Bolivia, Plurinational State of | 23.61 Percentage of GDP | 2024 | down 15.3% | rising |
| 11 | El Salvador | 23.59 Percentage of GDP | 2024 | up 19.0% | rising |
| 12 | Grenada | 23.5 Percentage of GDP | 2024 | up 29.0% | rising |
| 13 | Cuba | 22.91 Percentage of GDP | 2024 | down 38.3% | falling |
| 14 | Ecuador | 21.69 Percentage of GDP | 2024 | up 14.1% | rising |
| 15 | Saint Lucia | 21.28 Percentage of GDP | 2024 | up 2.5% | rising |
| 16 | Honduras | 21.07 Percentage of GDP | 2024 | up 5.8% | rising |
| 17 | Chile | 20.48 Percentage of GDP | 2024 | up 4.0% | rising |
| 18 | Colombia | 19.87 Percentage of GDP | 2024 | up 1.6% | rising |
| 19 | Suriname | 19.8 Percentage of GDP | 2024 | up 28.2% | rising |
| 20 | Antigua and Barbuda | 19.79 Percentage of GDP | 2024 | up 9.8% | rising |
| 21 | Bahamas | 19.35 Percentage of GDP | 2024 | up 44.6% | rising |
| 22 | Mexico | 18.28 Percentage of GDP | 2024 | up 38.5% | rising |
| 23 | Peru | 16.26 Percentage of GDP | 2024 | down 13.5% | rising |
| 24 | Paraguay | 15.76 Percentage of GDP | 2024 | up 14.0% | rising |
| 25 | Dominican Republic | 14.69 Percentage of GDP | 2024 | up 9.2% | rising |
| 26 | Venezuela, Bolivarian Republic of | 14.42 Percentage of GDP | 2013 | up 20.5% | falling |
| 27 | Guatemala | 14.32 Percentage of GDP | 2024 | up 8.3% | rising |
| 28 | Panama | 11.31 Percentage of GDP | 2024 | down 24.7% | falling |
| 29 | Guyana | 9.19 Percentage of GDP | 2024 | down 48.3% | rising |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- OECD average country 34.06 Percentage of GDP
- Latin America and the Caribbean 21.72 Percentage of GDP
About this data
Internationally comparable tax revenue data from Revenue Statistics in Latin America and the Caribbean countries presented as a percentage of GDP and as a share of total tax revenues 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.