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Latin America & the Caribbean (IDA & IBRD countries) Tax revenue (% of GDP) 2026: Interactive Chart & Historical Data

Tax revenue (% of GDP) in Latin America & the Caribbean (IDA & IBRD countries) stood at 14.71% in 2024, according to World Bank. The latest value is up 0.66 percentage points from 14.05% in 2023. Ten years earlier, in 2014, the value was 13.14% (up 1.57 percentage points since). The latest value is the highest since 2010; the lowest was 13.06% in 2010.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
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What is Tax revenue (% of GDP)?

Tax revenue (% of GDP), measured in %, measures the total economic output of Latin America & the Caribbean (IDA & IBRD countries). It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Latin America & the Caribbean (IDA & IBRD countries), the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.

Key facts

What is the latest Tax revenue (% of GDP) in Latin America & the Caribbean (IDA & IBRD countries)?

Tax revenue (% of GDP) in Latin America & the Caribbean (IDA & IBRD countries) stood at 14.71% in 2024, according to World Bank.

Is Tax revenue (% of GDP) in Latin America & the Caribbean (IDA & IBRD countries) rising or falling?

The latest value is up 0.66 percentage points from 14.05% in 2023. Ten years earlier, in 2014, the value was 13.14% (up 1.57 percentage points since).

What is the highest Tax revenue (% of GDP) on record in Latin America & the Caribbean (IDA & IBRD countries)?

The latest value is the highest since 2010; the lowest was 13.06% in 2010.

Metadata for Tax revenue (% of GDP) in Latin America & the Caribbean (IDA & IBRD countries)
IndicatorTax revenue (% of GDP)
CountryLatin America & the Caribbean (IDA & IBRD countries)
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest value: 14.71% (2024)

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Source:World Bank — series GC.TAX.TOTL.GD.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Tax revenue (% of GDP) — Latin America & the Caribbean (IDA & IBRD countries) [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/TLA. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS

MLA

World Bank. "Tax revenue (% of GDP) — Latin America & the Caribbean (IDA & IBRD countries)." EconDash, 2026, https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/TLA. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS.

Chicago

World Bank. 2026. "Tax revenue (% of GDP) — Latin America & the Caribbean (IDA & IBRD countries)." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/TLA. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS.

BibTeX
@misc{econdash_wdi_gc_tax_totl_gd_zs_tla,
  author = {{World Bank}},
  title = {{Tax revenue (\% of GDP) --- Latin America \& the Caribbean (IDA \& IBRD countries)}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/TLA},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS}
}