Taxes on incomes of individuals and corporations as share of GDP in Guyana
Guyana: Taxes on incomes of individuals and corporations as share of GDP was 6.0% in 2023. ▲ Rising
Latest (2023)
6.0%
Change on year
up 10.8%
World rank
100th
of 184 countries
All-time high
9.2%
in 2020
All-time low
4.0%
in 1991
Years of data
32
1987–2023
Taxes on incomes of individuals and corporations as share of GDP in Guyana, 1987–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Guyana recorded 6.0% for taxes on incomes of individuals and corporations as share of gdp in 2023.
That represents a change of up 10.8% on the previous year and up 8.2% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Guyana peaked at 9.2% in 2020 and was at its lowest, 4.0%, in 1991.
That places Guyana 100th out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Guyana, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 6.0% | — |
| 1988 | 7.4% | +23.6% |
| 1989 | 4.7% | -36.6% |
| 1990 | 5.0% | +6.3% |
| 1991 | 4.0% | -18.3% |
| 1992 | 5.6% | +39.5% |
| 1993 | 5.4% | -4.6% |
| 1994 | 4.9% | -8.9% |
| 1995 | 5.7% | +15.6% |
| 1996 | 6.0% | +5.7% |
| 1997 | 5.4% | -10.2% |
| 1998 | 5.4% | -0.5% |
| 1999 | 5.1% | -4.2% |
| 2000 | 5.9% | +14.1% |
| 2001 | 5.9% | +1.2% |
| 2002 | 6.4% | +8.2% |
| 2003 | 6.2% | -3.2% |
| 2004 | 6.5% | +4.0% |
| 2005 | 6.9% | +6.8% |
| 2006 | 7.0% | +2.0% |
| 2007 | 6.5% | -7.4% |
| 2013 | 5.5% | -15.5% |
| 2014 | 6.0% | +9.0% |
| 2015 | 6.2% | +2.6% |
| 2016 | 6.5% | +6.2% |
| 2017 | 6.9% | +5.5% |
| 2018 | 7.9% | +13.9% |
| 2019 | 8.7% | +10.8% |
| 2020 | 9.2% | +5.6% |
| 2021 | 7.7% | -16.3% |
| 2022 | 5.4% | -30.1% |
| 2023 | 6.0% | +10.8% |
Guyana compared with similar countries
- Guyana's 6.0% is below the median for high income countries, which is 10.0%, 60% of the median. (63 countries reporting)
- Guyana's 6.0% is above the median for Latin America & Caribbean, which is 5.8%, 1.0× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.0% | 4.7% | 7.4% | 3 |
| 1990s | 5.3% | 4.0% | 6.0% | 10 |
| 2000s | 6.4% | 5.9% | 7.0% | 8 |
| 2010s | 6.8% | 5.5% | 8.7% | 7 |
| 2020s | 7.1% | 5.4% | 9.2% | 4 |
Countries ranked near Guyana
- 97 Egypt 6.1% compare
- 98 Saint Vincent and the Grenadines 6.0% compare
- 99 Aruba 6.0% compare
- 101 Tajikistan 5.9% compare
- 102 Romania 5.9% compare
- 103 Burkina Faso 5.8% compare
More economy & growth data for Guyana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 11.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 11.93 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.70 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0002 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 6.86 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 8.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 860.28 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3499 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 10,383 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 34.31 % change on previous year (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Guyana?
- Taxes on incomes of individuals and corporations as share of gdp in Guyana was 6.0% 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 Guyana?
- The highest recorded value was 9.2% in 2020.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Guyana?
- The lowest recorded value was 4.0% in 1991.
- How does Guyana rank for taxes on incomes of individuals and corporations as share of gdp?
- Guyana ranks 100th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Guyana?
- Over the last ten years it is up 8.2%. The long-run trend across the full record is rising.
- Where does this Guyana 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.