Changes in tax-to-GDP ratios in the LAC region, 2020-2021

Year-on-year change, p.p.

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Note: The LAC average represents the unweighted average of 25 LAC countries included in this publication and excludes Cuba and Venezuela due to data issues. The OECD average represents the unweighted average of the 38 OECD member countries. Chile, Colombia, Costa Rica and Mexico are also part of the OECD (38).

Source: Authors’ calculations based on Revenue Statistics in Latin America and the Caribbean 2023, Table 4.1, (OECD et al. 2023)