Tax revenue as a proportion of GDP in Latin America and the Caribbean
Latin America and the Caribbean: Tax revenue as a proportion of GDP was 14.1% in 2023. ▲ Rising
Tax revenue as a proportion of GDP in Latin America and the Caribbean, 2010–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Latin America and the Caribbean recorded 14.1% for tax revenue as a proportion of gdp in 2023.
That represents a change of down 1.5% on the previous year and up 6.7% over ten years.
Over the whole period, tax revenue as a proportion of gdp in Latin America and the Caribbean peaked at 14.3% in 2022 and was at its lowest, 13.1%, in 2010.
Latin America and the Caribbean ranks 11th of 30 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Tax revenue as a proportion of GDP in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 13.1% | — |
| 2011 | 13.5% | +3.8% |
| 2012 | 13.2% | -2.3% |
| 2013 | 13.2% | -0.1% |
| 2014 | 13.1% | -0.6% |
| 2015 | 13.7% | +4.0% |
| 2016 | 13.7% | +0.4% |
| 2017 | 13.4% | -2.4% |
| 2018 | 13.5% | +0.8% |
| 2019 | 13.5% | -0.3% |
| 2020 | 13.1% | -2.6% |
| 2021 | 14.0% | +6.4% |
| 2022 | 14.3% | +2.7% |
| 2023 | 14.1% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.4% | 13.1% | 13.7% | 10 |
| 2020s | 13.9% | 13.1% | 14.3% | 4 |
Countries ranked near Latin America and the Caribbean
- 8 United Kingdom of Great Britain and Northern Ireland 27.0% compare
- 8 United Kingdom 27.0% compare
- 10 Luxembourg 26.8% compare
- 11 Greece 26.7% compare
- 12 Austria 25.6% compare
- 13 South Africa 25.4% compare
- 14 Finland 25.4% 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)
- Gross Domestic Product, GDP in millions constant 2021 international $ 2.62 % change on previous year (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 (not extinct) — Value 340 No (2025)
- 2.5.2 Number of transboundary breeds with unknown risk status — Value 182 No (2025)
- Output per hour worked, GDP constant 2021 international $ at PPP 21.66 (2027)
- 2.5.2 Number of local breeds with unknown risk status — Value 452 No (2025)
Frequently asked questions
- What is tax revenue as a proportion of gdp in Latin America and the Caribbean?
- Tax revenue as a proportion of gdp in Latin America and the Caribbean was 14.1% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Latin America and the Caribbean?
- The highest recorded value was 14.3% in 2022.
- What is the lowest tax revenue as a proportion of gdp recorded in Latin America and the Caribbean?
- The lowest recorded value was 13.1% in 2010.
- How does Latin America and the Caribbean rank for tax revenue as a proportion of gdp?
- Latin America and the Caribbean ranks 11th out of 30 groups with data for 2023.
- Is tax revenue as a proportion of gdp rising or falling in Latin America and the Caribbean?
- Over the last ten years it is up 6.7%. 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 United Nations Statistics Division, SDG Global Database, published as part of Tax revenue as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under UN SDG Global Database (open, attribution requested).