Taxes on incomes of individuals and corporations as share of GDP in Mexico
Mexico: Taxes on incomes of individuals and corporations as share of GDP was 7.9% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Mexico, 1980–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Mexico recorded 7.9% for taxes on incomes of individuals and corporations as share of gdp in 2023. That is the highest value across all 44 years on record.
That represents a change of up 2.2% on the previous year and up 40.2% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Mexico peaked at 7.9% in 2023 and was at its lowest, 3.1%, in 1996.
Mexico ranks 61st of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Mexico, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 4.1% | — |
| 1981 | 4.0% | -3.6% |
| 1982 | 3.4% | -14.0% |
| 1983 | 3.1% | -8.9% |
| 1984 | 3.3% | +6.5% |
| 1985 | 3.2% | -3.5% |
| 1986 | 3.5% | +7.3% |
| 1987 | 3.3% | -5.7% |
| 1988 | 3.8% | +16.6% |
| 1989 | 4.0% | +6.4% |
| 1990 | 4.0% | -0.8% |
| 1991 | 4.0% | -0.9% |
| 1992 | 4.4% | +10.2% |
| 1993 | 4.2% | -4.3% |
| 1994 | 4.0% | -5.1% |
| 1995 | 3.1% | -21.5% |
| 1996 | 3.1% | -0.3% |
| 1997 | 3.5% | +12.1% |
| 1998 | 3.6% | +2.3% |
| 1999 | 3.8% | +7.5% |
| 2000 | 3.9% | +2.7% |
| 2001 | 4.1% | +4.0% |
| 2002 | 4.2% | +2.0% |
| 2003 | 4.2% | +0.7% |
| 2004 | 3.9% | -7.6% |
| 2005 | 4.0% | +3.4% |
| 2006 | 4.3% | +5.7% |
| 2007 | 4.6% | +8.2% |
| 2008 | 4.9% | +5.8% |
| 2009 | 4.6% | -4.6% |
| 2010 | 4.9% | +5.4% |
| 2011 | 5.1% | +3.4% |
| 2012 | 4.9% | -4.0% |
| 2013 | 5.6% | +16.2% |
| 2014 | 5.4% | -4.4% |
| 2015 | 6.4% | +18.5% |
| 2016 | 6.9% | +7.4% |
| 2017 | 7.0% | +1.5% |
| 2018 | 6.9% | -0.9% |
| 2019 | 6.7% | -2.5% |
| 2020 | 7.3% | +9.0% |
| 2021 | 7.1% | -2.6% |
| 2022 | 7.7% | +8.3% |
| 2023 | 7.9% | +2.2% |
Mexico compared with similar countries
- Mexico's 7.9% is above the median for upper middle income countries, which is 5.7%, 1.4× the median. (54 countries reporting)
- Mexico's 7.9% is above the median for Latin America & Caribbean, which is 5.8%, 1.4× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.6% | 3.1% | 4.1% | 10 |
| 1990s | 3.8% | 3.1% | 4.4% | 10 |
| 2000s | 4.3% | 3.9% | 4.9% | 10 |
| 2010s | 6.0% | 4.9% | 7.0% | 10 |
| 2020s | 7.5% | 7.1% | 7.9% | 4 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 11.29 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 85.55 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 43.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0235 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 326.53 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.41 % change on previous year (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Mexico?
- Taxes on incomes of individuals and corporations as share of gdp in Mexico was 7.9% 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 Mexico?
- The highest recorded value was 7.9% in 2023.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Mexico?
- The lowest recorded value was 3.1% in 1996.
- How does Mexico rank for taxes on incomes of individuals and corporations as share of gdp?
- Mexico ranks 61st out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Mexico?
- Over the last ten years it is up 40.2%. The long-run trend across the full record is rising.
- Where does this Mexico 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.