Taxes on incomes of individuals and corporations as share of GDP in Guatemala
Guatemala: Taxes on incomes of individuals and corporations as share of GDP was 4.3% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Guatemala, 1987–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for taxes on incomes of individuals and corporations as share of gdp in Guatemala is 4.3%, measured in 2023. That is the highest value across all 35 years on record.
That represents a change of up 1.6% on the previous year and up 12.0% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Guatemala peaked at 4.3% in 2023 and was at its lowest, 1.2%, in 1994.
That places Guatemala 140th out of 184 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Guatemala, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 1.4% | — |
| 1988 | 2.1% | +42.3% |
| 1989 | 1.8% | -14.8% |
| 1990 | 1.5% | -13.9% |
| 1991 | 2.3% | +49.7% |
| 1992 | 1.9% | -15.7% |
| 1993 | 1.9% | -0.1% |
| 1994 | 1.2% | -38.1% |
| 1995 | 1.7% | +42.2% |
| 1996 | 2.2% | +31.1% |
| 1997 | 2.2% | +1.8% |
| 1998 | 2.0% | -9.2% |
| 2001 | 2.7% | +31.7% |
| 2002 | 3.2% | +18.2% |
| 2003 | 3.1% | -3.2% |
| 2004 | 2.9% | -5.4% |
| 2005 | 3.0% | +3.5% |
| 2006 | 3.2% | +7.4% |
| 2007 | 3.2% | +0.2% |
| 2008 | 3.2% | -1.0% |
| 2009 | 3.1% | -1.8% |
| 2010 | 3.1% | -1.5% |
| 2011 | 3.4% | +11.4% |
| 2012 | 3.4% | +0.0% |
| 2013 | 3.9% | +12.0% |
| 2014 | 3.9% | +2.3% |
| 2015 | 3.7% | -7.3% |
| 2016 | 3.9% | +5.4% |
| 2017 | 3.3% | -13.0% |
| 2018 | 3.8% | +12.5% |
| 2019 | 3.7% | -2.9% |
| 2020 | 3.6% | -1.5% |
| 2021 | 4.2% | +17.9% |
| 2022 | 4.2% | -0.0% |
| 2023 | 4.3% | +1.6% |
Guatemala compared with similar countries
- Guatemala's 4.3% is below the median for upper middle income countries, which is 5.7%, 75% of the median. (54 countries reporting)
- Guatemala's 4.3% is below the median for Latin America & Caribbean, which is 5.8%, 74% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.8% | 1.4% | 2.1% | 3 |
| 1990s | 1.9% | 1.2% | 2.3% | 9 |
| 2000s | 3.1% | 2.7% | 3.2% | 9 |
| 2010s | 3.6% | 3.1% | 3.9% | 10 |
| 2020s | 4.1% | 3.6% | 4.3% | 4 |
Countries ranked near Guatemala
More economy & growth data for Guatemala
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.86 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 865.22 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 47.01 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.85 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 11.98 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0163 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 100.4 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 34.17 % change on previous year (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Guatemala?
- Taxes on incomes of individuals and corporations as share of gdp in Guatemala was 4.3% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Guatemala?
- The highest recorded value was 4.3% in 2023.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Guatemala?
- The lowest recorded value was 1.2% in 1994.
- How does Guatemala rank for taxes on incomes of individuals and corporations as share of gdp?
- Guatemala ranks 140th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Guatemala?
- Over the last ten years it is up 12.0%. The long-run trend across the full record is rising.
- Where does this Guatemala 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.