Taxes on income vs. taxes on goods and services in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Taxes on income vs. taxes on goods and services was 8.4% in 2017. ◆ Volatile
Latest (2017)
8.4%
Change on year
down 15.2%
World rank
85th
of 187 countries
All-time high
13.6%
in 2015
All-time low
0.7%
in 1990
Years of data
38
1980–2017
Taxes on income vs. taxes on goods and services in Venezuela, Bolivarian Republic of, 1980–2017
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
Venezuela, Bolivarian Republic of recorded 8.4% for taxes on income vs. taxes on goods and services in 2017.
That represents a change of down 15.2% on the previous year and up 33.4% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Venezuela, Bolivarian Republic of peaked at 13.6% in 2015 and was at its lowest, 0.7%, in 1990.
That places Venezuela, Bolivarian Republic of 85th out of 187 countries with data for 2017, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income vs. taxes on goods and services in Venezuela, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 0.9% | — |
| 1981 | 0.8% | -9.9% |
| 1982 | 1.2% | +37.7% |
| 1983 | 1.3% | +14.8% |
| 1984 | 1.1% | -17.2% |
| 1985 | 1.4% | +23.0% |
| 1986 | 1.9% | +42.7% |
| 1987 | 1.6% | -17.5% |
| 1988 | 1.4% | -12.5% |
| 1989 | 0.8% | -44.0% |
| 1990 | 0.7% | -12.4% |
| 1991 | 0.7% | +7.0% |
| 1992 | 1.2% | +68.5% |
| 1993 | 2.0% | +64.7% |
| 1994 | 3.0% | +47.5% |
| 1995 | 4.2% | +39.6% |
| 1996 | 4.4% | +4.9% |
| 1997 | 5.9% | +33.9% |
| 1998 | 7.0% | +17.6% |
| 1999 | 6.4% | -8.6% |
| 2000 | 5.3% | -17.2% |
| 2001 | 5.5% | +3.5% |
| 2002 | 5.1% | -6.3% |
| 2003 | 5.6% | +9.9% |
| 2004 | 6.9% | +22.3% |
| 2005 | 7.0% | +2.2% |
| 2006 | 7.1% | +1.2% |
| 2007 | 6.3% | -11.6% |
| 2008 | 5.5% | -11.8% |
| 2009 | 6.9% | +24.3% |
| 2010 | 6.4% | -6.9% |
| 2011 | 6.9% | +7.1% |
| 2012 | 7.5% | +9.0% |
| 2013 | 8.1% | +7.8% |
| 2014 | 10.0% | +23.8% |
| 2015 | 13.6% | +36.1% |
| 2016 | 9.9% | -27.3% |
| 2017 | 8.4% | -15.2% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 8.4% is above the median for lower middle income countries, which is 6.1%, 1.4× the median. (47 countries reporting)
- Venezuela, Bolivarian Republic of's 8.4% is below the median for Latin America & Caribbean, which is 8.4%, 100% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.3% | 0.8% | 1.9% | 10 |
| 1990s | 3.6% | 0.7% | 7.0% | 10 |
| 2000s | 6.1% | 5.1% | 7.1% | 10 |
| 2010s | 8.8% | 6.4% | 13.6% | 8 |
Countries ranked near Venezuela, Bolivarian Republic of
- 82 Tajikistan 8.8% compare
- 83 Nepal 8.7% compare
- 84 Peru 8.4% compare
- 86 Togo 8.2% compare
- 87 Dominican Republic 8.1% compare
- 88 Costa Rica 8.1% compare
More economy & growth data for Venezuela, Bolivarian Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0216 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 91.64 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.45 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0135 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 57.47 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is taxes on income vs. taxes on goods and services in Venezuela, Bolivarian Republic of?
- Taxes on income vs. taxes on goods and services in Venezuela, Bolivarian Republic of was 8.4% in 2017, 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 Venezuela, Bolivarian Republic of?
- The highest recorded value was 13.6% in 2015.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.7% in 1990.
- How does Venezuela, Bolivarian Republic of rank for taxes on income vs. taxes on goods and services?
- Venezuela, Bolivarian Republic of ranks 85th out of 187 countries with data for 2017.
- Is taxes on income vs. taxes on goods and services rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 33.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of 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.