Taxes on income vs. taxes on goods and services in Nicaragua
Nicaragua: Taxes on income vs. taxes on goods and services was 11.2% in 2022. ▲ Rising
Taxes on income vs. taxes on goods and services in Nicaragua, 1997–2022
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
Nicaragua recorded 11.2% for taxes on income vs. taxes on goods and services in 2022. That is the highest value across all 26 years on record.
That represents a change of up 0.2% on the previous year and up 11.3% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Nicaragua peaked at 11.2% in 2022 and was at its lowest, 7.1%, in 2001.
That places Nicaragua 52nd out of 187 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Taxes on income vs. taxes on goods and services in Nicaragua, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1997 | 7.7% | — |
| 1998 | 7.9% | +3.0% |
| 1999 | 8.1% | +2.5% |
| 2000 | 7.7% | -5.0% |
| 2001 | 7.1% | -7.6% |
| 2002 | 7.4% | +3.9% |
| 2003 | 7.9% | +7.1% |
| 2004 | 8.7% | +10.6% |
| 2005 | 9.2% | +5.7% |
| 2006 | 9.8% | +6.3% |
| 2007 | 9.9% | +0.6% |
| 2008 | 9.2% | -7.1% |
| 2009 | 8.9% | -2.8% |
| 2010 | 9.5% | +7.1% |
| 2011 | 9.8% | +2.3% |
| 2012 | 10.0% | +2.9% |
| 2013 | 10.0% | -0.0% |
| 2014 | 10.0% | -0.5% |
| 2015 | 9.9% | -0.7% |
| 2016 | 10.0% | +1.3% |
| 2017 | 10.1% | +1.0% |
| 2018 | 9.2% | -9.2% |
| 2019 | 10.1% | +9.9% |
| 2020 | 10.2% | +0.4% |
| 2021 | 11.1% | +9.8% |
| 2022 | 11.2% | +0.2% |
Nicaragua compared with similar countries
- Nicaragua's 11.2% is above the median for lower middle income countries, which is 6.1%, 1.8× the median. (47 countries reporting)
- Nicaragua's 11.2% is above the median for Latin America & Caribbean, which is 8.4%, 1.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.9% | 7.7% | 8.1% | 3 |
| 2000s | 8.6% | 7.1% | 9.9% | 10 |
| 2010s | 9.9% | 9.2% | 10.1% | 10 |
| 2020s | 10.8% | 10.2% | 11.2% | 3 |
Countries ranked near Nicaragua
More economy & growth data for Nicaragua
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 73.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10.67 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 21.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0687 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 195.53 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 36.36 % change on previous year (2025)
Frequently asked questions
- What is taxes on income vs. taxes on goods and services in Nicaragua?
- Taxes on income vs. taxes on goods and services in Nicaragua was 11.2% in 2022, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Nicaragua?
- The highest recorded value was 11.2% in 2022.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Nicaragua?
- The lowest recorded value was 7.1% in 2001.
- How does Nicaragua rank for taxes on income vs. taxes on goods and services?
- Nicaragua ranks 52nd out of 187 countries with data for 2022.
- Is taxes on income vs. taxes on goods and services rising or falling in Nicaragua?
- Over the last ten years it is up 11.3%. The long-run trend across the full record is rising.
- Where does this Nicaragua data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.