Tax revenue (% of GDP) in Latin America & Caribbean in 2024 — 14.72%. Since 2010, the indicator has risen by 1.66 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 | 14.72 | +0.66 pp |
| 2023 | 14.06 | −0.22 pp |
| 2022 | 14.27 | +0.32 pp |
| 2021 | 13.95 | +0.84 pp |
| 2020 | 13.11 | −0.34 pp |
| 2019 | 13.46 | −0.04 pp |
| 2018 | 13.5 | +0.1 pp |
| 2017 | 13.39 | −0.33 pp |
| 2016 | 13.72 | +0.05 pp |
| 2015 | 13.67 | +0.53 pp |
| 2014 | 13.14 | −0.08 pp |
| 2013 | 13.22 | −0.01 pp |
| 2012 | 13.23 | −0.31 pp |
| 2011 | 13.54 | +0.49 pp |
| 2010 | 13.05 | — |
Central government tax revenue as a percent of GDP, excluding compulsory social contributions and revenue from fines and penalties. A level of 15% of GDP is considered the minimum threshold at which a state is able to provide basic services and infrastructure.
Important: Only the central budget is counted — in federal states the overall tax burden is substantially higher.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much the state collects in a year — all revenue except foreign grants.
Public Finance Government expenseHow much the state spends in a year — including wages, pensions, benefits and interest on debt.
Economy Government consumption (% of GDP)The share of GDP taken by government final consumption spending.
Public Finance Government debtGross general government debt as a percent of GDP.