Guatemala—Taxes on Goods & Services (% of revenue)
Guatemala's taxes on goods & services (% of revenue) was 51.5% in 2023, ranking #5 out of 139 countries. This represents a -3.9% change from 2022. Over the past 24 years, the highest recorded value was 60.3% (2000) and the lowest was 49.9% (2016). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 51.5% | -3.9% |
| 2022 | 53.6% | +1.8% |
| 2021 | 52.6% | +0.1% |
| 2020 | 52.6% | -0.2% |
| 2019 | 52.7% | +0.7% |
| 2018 | 52.4% | +1.8% |
| 2017 | 51.4% | +3.1% |
| 2016 | 49.9% | -4.8% |
| 2015 | 52.4% | +3.3% |
| 2014 | 50.7% | -9.8% |
| 2013 | 56.2% | -0.9% |
| 2012 | 56.7% | +0.8% |
| 2011 | 56.2% | -1.4% |
| 2010 | 57.0% | +1.1% |
| 2009 | 56.4% | -3.0% |
| 2008 | 58.1% | -0.7% |
| 2007 | 58.5% | +3.9% |
| 2006 | 56.3% | +9.0% |
| 2005 | 51.7% | -10.7% |
| 2004 | 57.9% | +3.4% |
| 2003 | 56.0% | +1.4% |
| 2002 | 55.2% | +3.7% |
| 2001 | 53.2% | -11.7% |
| 2000 | 60.3% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).