Taxes on incomes of individuals and corporations as share of GDP in Venezuela
Venezuela: Taxes on incomes of individuals and corporations as share of GDP was 4.7% in 2015. ◆ Volatile
Taxes on incomes of individuals and corporations as share of GDP in Venezuela, 1980–2015
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 Venezuela is 4.7%, measured in 2015.
The figure is down 23.7% on the previous year and down 22.4% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Venezuela peaked at 21.7% in 1981 and was at its lowest, 3.0%, in 2002.
Venezuela ranks 130th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on incomes of individuals and corporations as share of GDP in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 14.9% | — |
| 1981 | 21.7% | +45.5% |
| 1982 | 15.1% | -30.4% |
| 1983 | 12.4% | -17.7% |
| 1984 | 15.1% | +21.7% |
| 1985 | 17.4% | +14.7% |
| 1986 | 9.5% | -45.3% |
| 1987 | 10.5% | +10.0% |
| 1988 | 10.6% | +1.1% |
| 1989 | 12.1% | +14.6% |
| 1990 | 15.1% | +24.8% |
| 1991 | 14.9% | -1.5% |
| 1992 | 9.7% | -34.9% |
| 1993 | 8.9% | -8.2% |
| 1994 | 7.4% | -16.7% |
| 1995 | 6.4% | -13.7% |
| 1996 | 7.6% | +18.8% |
| 1997 | 9.7% | +27.2% |
| 1998 | 3.4% | -64.4% |
| 1999 | 4.2% | +21.2% |
| 2000 | 5.9% | +41.3% |
| 2001 | 4.5% | -22.9% |
| 2002 | 3.0% | -33.8% |
| 2003 | 3.4% | +14.3% |
| 2004 | 3.9% | +13.0% |
| 2005 | 6.1% | +57.1% |
| 2006 | 7.0% | +15.4% |
| 2007 | 7.6% | +8.0% |
| 2008 | 5.8% | -23.0% |
| 2009 | 5.5% | -5.8% |
| 2010 | 3.6% | -34.2% |
| 2011 | 3.9% | +8.3% |
| 2012 | 4.3% | +10.2% |
| 2013 | 4.2% | -3.5% |
| 2014 | 6.2% | +48.6% |
| 2015 | 4.7% | -23.7% |
Venezuela compared with similar countries
- Venezuela's 4.7% is below the median for lower middle income countries, which is 5.4%, 87% of the median. (45 countries reporting)
- Venezuela's 4.7% is below the median for Latin America & Caribbean, which is 5.8%, 81% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13.9% | 9.5% | 21.7% | 10 |
| 1990s | 8.7% | 3.4% | 15.1% | 10 |
| 2000s | 5.3% | 3.0% | 7.6% | 10 |
| 2010s | 4.5% | 3.6% | 6.2% | 6 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- 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 incomes of individuals and corporations as share of gdp in Venezuela?
- Taxes on incomes of individuals and corporations as share of gdp in Venezuela was 4.7% in 2015, 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 Venezuela?
- The highest recorded value was 21.7% in 1981.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Venezuela?
- The lowest recorded value was 3.0% in 2002.
- How does Venezuela rank for taxes on incomes of individuals and corporations as share of gdp?
- Venezuela ranks 130th out of 184 countries with data for 2015.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Venezuela?
- Over the last ten years it is down 22.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela 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.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.