Taxes on goods and services in Mexico
Mexico: Taxes on goods and services was 2.07 trillion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Mexico, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Mexico recorded 2.07 trillion current LCU for taxes on goods and services in 2024. That is the highest value across all 46 years on record.
The figure is up 12.0% on the previous year and up 153.3% over ten years.
Over the whole period, taxes on goods and services in Mexico peaked at 2.07 trillion current LCU in 2024 and was at its lowest, 19.00 million current LCU, in 1972.
That places Mexico 26th out of 157 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 71.38 million current LCU | 19.00 million current LCU | 158.00 million current LCU | 8 |
| 1980s | 12.69 billion current LCU | 339.00 million current LCU | 48.55 billion current LCU | 10 |
| 1990s | 173.09 billion current LCU | 63.49 billion current LCU | 366.62 billion current LCU | 10 |
| 2000s | 529.86 billion current LCU | 503.62 billion current LCU | 555.80 billion current LCU | 3 |
| 2010s | 958.03 billion current LCU | 617.07 billion current LCU | 1.41 trillion current LCU | 10 |
| 2020s | 1.68 trillion current LCU | 1.46 trillion current LCU | 2.07 trillion current LCU | 5 |
Countries ranked near Mexico
More public sector data for Mexico
- Arms imports 46.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.8% (2024)
- Taxes on income, profits and capital gains 41.3% (2024)
- Taxes on goods and services 31.7% (2024)
- Net investment in nonfinancial assets 0.9% (2024)
- Net lending (+) / net borrowing (-) -5.9% (2024)
- Interest payments 20.0% (2024)
- Grants and other revenue 10.6% (2024)
- Interest payments 15.8% (2023)
- Other taxes 1.1% (2024)
Frequently asked questions
- What is taxes on goods and services in Mexico?
- Taxes on goods and services in Mexico was 2.07 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Mexico?
- The highest recorded value was 2.07 trillion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Mexico?
- The lowest recorded value was 19.00 million current LCU in 1972.
- How does Mexico rank for taxes on goods and services?
- Mexico ranks 26th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Mexico?
- Over the last ten years it is up 153.3%. The long-run trend across the full record is volatile.
- Where does this Mexico data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.