Taxes on incomes of individuals and corporations as share of GDP in Nicaragua
Nicaragua: Taxes on incomes of individuals and corporations as share of GDP was 9.0% in 2022. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Nicaragua, 1997–2022
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
In 2022, taxes on incomes of individuals and corporations as share of gdp in Nicaragua stood at 9.0%. That is the highest value across all 26 years on record.
That represents a change of up 10.1% on the previous year and up 70.7% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Nicaragua peaked at 9.0% in 2022 and was at its lowest, 1.6%, in 1997.
That places Nicaragua 46th out of 184 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Nicaragua, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 1.6% | — |
| 1998 | 1.6% | +0.7% |
| 1999 | 1.7% | +2.9% |
| 2000 | 1.8% | +4.0% |
| 2001 | 1.8% | +2.0% |
| 2002 | 2.2% | +20.1% |
| 2003 | 3.0% | +40.8% |
| 2004 | 3.4% | +13.0% |
| 2005 | 3.7% | +7.2% |
| 2006 | 4.0% | +9.0% |
| 2007 | 4.2% | +4.3% |
| 2008 | 4.3% | +1.4% |
| 2009 | 4.6% | +8.9% |
| 2010 | 4.5% | -3.6% |
| 2011 | 5.1% | +13.9% |
| 2012 | 5.3% | +4.0% |
| 2013 | 5.5% | +3.4% |
| 2014 | 5.8% | +7.0% |
| 2015 | 6.1% | +4.8% |
| 2016 | 6.6% | +6.9% |
| 2017 | 6.9% | +5.2% |
| 2018 | 7.1% | +3.3% |
| 2019 | 7.9% | +10.3% |
| 2020 | 7.5% | -5.1% |
| 2021 | 8.2% | +9.8% |
| 2022 | 9.0% | +10.1% |
Nicaragua compared with similar countries
- Nicaragua's 9.0% is above the median for lower middle income countries, which is 5.4%, 1.7× the median. (45 countries reporting)
- Nicaragua's 9.0% is above the median for Latin America & Caribbean, which is 5.8%, 1.5× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Taxes on incomes of individuals and corporations as share of GDP in Nicaragua changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +40.8% | 2.2% | 3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.7% | 1.6% | 1.7% | 3 |
| 2000s | 3.3% | 1.8% | 4.6% | 10 |
| 2010s | 6.1% | 4.5% | 7.9% | 10 |
| 2020s | 8.2% | 7.5% | 9.0% | 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 incomes of individuals and corporations as share of gdp in Nicaragua?
- Taxes on incomes of individuals and corporations as share of gdp in Nicaragua was 9.0% in 2022, 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 Nicaragua?
- The highest recorded value was 9.0% in 2022.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Nicaragua?
- The lowest recorded value was 1.6% in 1997.
- How does Nicaragua rank for taxes on incomes of individuals and corporations as share of gdp?
- Nicaragua ranks 46th out of 184 countries with data for 2022.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Nicaragua?
- Over the last ten years it is up 70.7%. 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 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.