Government revenue in Latin America & Caribbean in 2024 — 22.81%. Since 2010, the indicator has risen by 0.74 pp.
2010–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean
| Year | % | Change, pp |
|---|---|---|
| 2024 | 22.81 | +0.21 pp |
| 2023 | 22.61 | −0.82 pp |
| 2022 | 23.43 | +1.48 pp |
| 2021 | 21.95 | +1.39 pp |
| 2020 | 20.56 | −1.72 pp |
| 2019 | 22.28 | +0.27 pp |
| 2018 | 22.01 | +0.17 pp |
| 2017 | 21.83 | −1.03 pp |
| 2016 | 22.86 | +0.21 pp |
| 2015 | 22.66 | +0.88 pp |
| 2014 | 21.77 | −0.75 pp |
| 2013 | 22.52 | −0.33 pp |
| 2012 | 22.85 | +0.42 pp |
| 2011 | 22.43 | +0.36 pp |
| 2010 | 22.07 | — |
Central government revenue excluding grants, as a percent of GDP. Beyond taxes it includes non-tax receipts: dividends of state-owned companies, revenue from the sale of extraction rights, duties and fees. That is why the difference between this indicator and tax revenue says something about the structure of a state: in commodity countries it is large, because a substantial part of the budget comes not from taxes but from rent.
Important: Grants are excluded deliberately: in the poorest countries foreign aid can make up a substantial part of the budget, and with it included the indicator would no longer measure the ability of a state to raise revenue.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much the state spends in a year — including wages, pensions, benefits and interest on debt.
Public Finance Budget balanceThe budget deficit or surplus as a percent of GDP. A negative value means spending exceeds revenue.
Public Finance Tax revenue (% of GDP)Taxes collected as a percent of GDP — the fiscal capacity of the state.
Public Finance Government debtGross general government debt as a percent of GDP.