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).
Egalement disponible en : Espagnol
Tax revenue trends, 1990-2021
Economies in Latin America and the Caribbean (LAC) rebounded strongly in 2021 after registering one of the most severe output contractions in 2020 due to the COVID-19 crisis. The recovery was driven by fiscal stimulus, more favourable external conditions and the acceleration of the LAC region’s vaccination campaigns, which allowed economies to reopen. Nevertheless, poverty and inequality in the LAC region remained above pre‑pandemic levels. Although the recovery in 2021 helped relieve some of the pressure on public finances, growth slowed in 2022 and structurally tight fiscal space, largely attributable to low tax revenues, still needs to be addressed (OECD et al., 2022[1]).
Egalement disponible en : Espagnol