Revenue Statistics in Latin America and the Caribbean 2023
This report compiles comparable tax revenue statistics over the period 1990-2021 for 27 Latin American and Caribbean economies. Based on the OECD Revenue Statistics database, it applies the OECD methodology to countries in Latin America and the Caribbean (LAC) to enable comparison of tax levels and tax structures on a consistent basis, both among the economies of the region and with other economies. The report includes two special features examining the fiscal revenues from non-renewable natural resources in the LAC region in 2021 and 2022 as well as the measurement and evaluation of tax expenditures in Latin America. This publication is jointly undertaken by the OECD Centre for Tax Policy and Administration, the OECD Development Centre, the Inter-American Center of Tax Administrations (CIAT), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB).
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Fiscal revenues from non-renewable natural resources in Latin America and the Caribbean
The outbreak of the war in Ukraine reinforced an upward trend in international energy prices that was already well established in 2021. Global prices for a wide range of energy commodities rebounded in late 2020 and early 2021, supported by a revival in economic activity as COVID-19 public health measures were progressively lifted ().Movements in energy commodity markets became increasingly synchronised in the second half of 2021, as higher prices and supply disruptions led to widespread fuel switching. This provided further impetus to prices, increasing demand for other energy commodities – particularly coal – that were already in tight supply.
Egalement disponible en : Espagnol