Higher over the period
Chile Tax Revenue as Percentage of GDP moved from 17.55 Percentage in 2015 to 18.26 Percentage in 2024 (+4.1%), an average of +0.4% a year. The series high was 21.35 Percentage in 2022 and the low 16.19 Percentage in 2020.
What Chile Tax Revenue as Percentage of GDP shows
Chile Tax Revenue as Percentage of GDP was 18.26 Percentage in 2024, up 3.2% on 2023. The Tax Revenue as a Percentage of GDP dataset for Chile provides a comprehensive overview of the country's tax collection performance relative to economic output, serving as an important indicator of fiscal capacity, government revenue generation, and public finance sustainability. Measured as a Percentage, the dataset spans 2015–2024 and demonstrates moderate fluctuations with a strong post-pandemic recovery.
A 24.1% peak-to-trough swing
The gap between the series high (2022) and low (2020) is 5.15 Percentage. The sharpest single-year move was +21.4% in 2021.
Ranks 10 of 27 countries covered
Among the 27 countries in this dataset, Chile ranks 10 for 2024, behind Denmark (33.36 Percentage) and Sweden (27.23 Percentage). It accounts for 132.2% of the global total in 2024.
Full series
Chile Tax Revenue as Percentage of GDP by year
Complete annual series with year-on-year change. Values are reported in Percentage.
Scroll the table sideways to see all columns.
| Year | Percentage | Change vs prior year |
|---|---|---|
| 2024 | 18.26 | +3.2% |
| 2023 | 17.70 | −17.1% |
| 2022Peak | 21.35 | +8.5% |
| 2021 | 19.66 | +21.4% |
| 2020 Trough | 16.19 | −8.6% |
| 2019 | 17.72 | −3.7% |
| 2018 | 18.40 | +5.1% |
| 2017 | 17.51 | +0.2% |
| 2016 | 17.47 | −0.4% |
| 2015 | 17.55 | — |
Regional context
How Chile compares in Latin America and Caribbean
Tax Revenue as Percentage of GDP by country, 2024, Percentage. Chile is highlighted.
1Chile18.26
2Brazil15.41
3Colombia15.22
4Mexico14.82
5Argentina10.43
Data definition
Inclusions and exclusions
Tax Revenue as Percentage of GDP — – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
The data includes compulsory tax payments collected by the central government, such as taxes on income, profits and capital gains, payroll taxes, property taxes, taxes on goods and services (including VAT, GST, and excise duties), taxes on international trade, customs duties, and other taxes recorded under the IMF Government Finance Statistics (GFS) framework. The indicator is expressed as a percentage of GDP using standardized national accounts and government finance statistics.
The data excludes non-tax government revenue such as grants, fees, licenses, administrative charges, dividends from state-owned enterprises, and income from government assets. It also excludes fines, penalties, most social security contributions, refunds treated as negative revenue, and informal or unrecorded tax collections not captured in official government finance statistics. For many countries, the indicator reflects central government tax revenue only and may not include taxes collected by state, provincial, or local governments.
About this indicator
Tax Revenue as Percentage of GDP — – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
Tax revenue stood at 17.55% of GDP in 2015, remained close to 17.5% through 2019, declined to 16.19% in 2020, and rebounded sharply to 19.66% in 2021. The ratio reached a decade high of 21.35% in 2022, before moderating to 17.70% in 2023 and recovering slightly to 18.26% in 2024.
The year-wise trend reflects Chile's resilient fiscal framework and the government's ability to strengthen revenue collection following the economic disruptions of the pandemic. The sharp increase during 2021–2022 highlights improved economic activity and enhanced revenue mobilization, while the subsequent normalization indicates a return toward more sustainable fiscal levels. Tax revenue continues to play a critical role in financing public services, infrastructure, healthcare, education, and long-term economic development.
This dataset serves as a valuable resource for policymakers, economists, financial institutions, investors, researchers, and international organizations evaluating fiscal sustainability, taxation efficiency, and macroeconomic performance. It supports benchmarking Chile against regional and global economies, assessing the effectiveness of tax reforms, monitoring long-term fiscal trends, forecasting future government revenue, and analyzing the relationship between taxation, economic growth, and public expenditure. The data also contributes to research on public finance, fiscal resilience, and sustainable economic development.
Overall, the 2015–2024 dataset highlights Chile's strong recovery in tax revenue relative to GDP following the pandemic while demonstrating continued fiscal resilience. It provides a reliable foundation for fiscal analysis, policy formulation, investment planning, and long-term economic forecasting.
- Indicator
- Tax Revenue as Percentage of GDP
- Country
- Chile
- Region
- Latin America and Caribbean
- Unit
- Percentage
- Coverage
- 2015–2024, annual
- Category
- BFSI
- Last updated
- July 2026
- Source
- data.worldbank.org
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Frequently asked questions
What is Chile Tax Revenue as Percentage of GDP?
Definition – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
What was Chile Tax Revenue as Percentage of GDP in 2024?
Chile Tax Revenue as Percentage of GDP was 18.26 Percentage in 2024, up 3.2% on 2023.
How has Chile Tax Revenue as Percentage of GDP changed between 2015 and 2024?
Chile Tax Revenue as Percentage of GDP moved from 17.55 Percentage in 2015 to 18.26 Percentage in 2024 (+4.1%), an average of +0.4% a year. The series high was 21.35 Percentage in 2022 and the low 16.19 Percentage in 2020.
Which year had the highest and lowest Chile Tax Revenue as Percentage of GDP?
The highest value was 21.35 Percentage in 2022 and the lowest was 16.19 Percentage in 2020.
What does the Chile Tax Revenue as Percentage of GDP data include and exclude?
Included: The data includes compulsory tax payments collected by the central government, such as taxes on income, profits and capital gains, payroll taxes, property taxes, taxes on goods and services (including VAT, GST, and excise duties), taxes on international trade, customs duties, and other taxes recorded under the IMF Government Finance Statistics (GFS) framework. The indicator is expressed as a percentage of GDP using standardized national accounts and government finance statistics. Excluded: The data excludes non-tax government revenue such as grants, fees, licenses, administrative charges, dividends from state-owned enterprises, and income from government assets. It also excludes fines, penalties, most social security contributions, refunds treated as negative revenue, and informal or unrecorded tax collections not captured in official government finance statistics. For many countries, the indicator reflects central government tax revenue only and may not include taxes collected by state, provincial, or local governments.
Where does the Chile Tax Revenue as Percentage of GDP data come from?
The series is sourced from data.worldbank.org (https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS). It covers 2015–2024 and is reported in Percentage.
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