Revenue Statistics in Latin America and the Caribbean 2024
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This report compiles comparable tax revenue statistics over the period 1990-2022 for 27 Latin American and Caribbean (LAC) countries. It provides harmonised data on the level and structure of tax revenues based on the OECD classification of taxes, thereby enabling comparison of national tax systems on a consistent basis, both across the region and with other economies globally. The report includes two special features: one examines fiscal revenues from non-renewable natural resources in the LAC region in 2022 and 2023, while the second calculates equivalent fiscal pressure in the LAC region. The 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 (UN-ECLAC), and the Inter-American Development Bank (IDB).
Also available in: Spanish
Executive summary
Between 2021 and 2022, tax-to-GDP ratios increased in more than three quarters of countries in Latin America and the Caribbean (LAC), while the average tax-to-GDP ratio for the LAC region rose by 0.3 percentage points (p.p.) to 21.5%, still slightly below its pre-pandemic level (21.6%). The increase in the regional average was driven by corporate income tax (CIT) amid higher profits by oil companies, although this was partially offset by a decline in revenue from excises, due to lower demand as well as the adoption of a range of policy measures by countries to mitigate the impact of energy and food inflation on households and firms.
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