Rising to a series high
Mexico Tax Revenue as Percentage of GDP moved from 12.35 Percentage in 2015 to 14.82 Percentage in 2024 (+20.1%), an average of +2.1% a year. The series high was 14.82 Percentage in 2024 and the low 12.35 Percentage in 2015.
What Mexico Tax Revenue as Percentage of GDP shows
Mexico Tax Revenue as Percentage of GDP was 14.82 Percentage in 2024, up 4.2% on 2023. The Tax Revenue as a Percentage of GDP dataset for Mexico provides a comprehensive assessment of the country's tax revenue performance relative to the size of its economy, offering valuable insights into fiscal capacity, revenue mobilization, and public finance trends. Measured as a Percentage, the dataset covers 2015–2024 and indicates a generally upward trajectory in tax revenue collection over the decade.
A 16.7% peak-to-trough swing
The gap between the series high (2024) and low (2015) is 2.48 Percentage. The sharpest single-year move was +8.7% in 2020.
Ranks 16 of 27 countries covered
Among the 27 countries in this dataset, Mexico ranks 16 for 2024, behind Denmark (33.36 Percentage) and Sweden (27.23 Percentage). It accounts for 107.3% of the global total in 2024.
Full series
Mexico 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 |
|---|---|---|
| 2024Peak | 14.82 | +4.2% |
| 2023 | 14.22 | +6.1% |
| 2022 | 13.40 | −0.1% |
| 2021 | 13.41 | −3.5% |
| 2020 | 13.90 | +8.7% |
| 2019 | 12.79 | +0.6% |
| 2018 | 12.71 | +0.2% |
| 2017 | 12.69 | −3.3% |
| 2016 | 13.12 | +6.3% |
| 2015 Trough | 12.35 | — |
Regional context
How Mexico compares in Latin America and Caribbean
Tax Revenue as Percentage of GDP by country, 2024, Percentage. Mexico 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 increased from 12.35% of GDP in 2015 to 14.82% in 2024, the highest level during the period. Although the ratio experienced minor fluctuations between 2016 and 2019, it strengthened notably from 13.90% in 2020, remained above 13% thereafter, and continued rising through 2023–2024, reflecting sustained improvements in tax collection and fiscal administration.
The year-wise trend highlights Mexico's growing ability to mobilize domestic revenue despite changing economic conditions, including the challenges associated with the global pandemic. Improvements in tax compliance, administrative efficiency, and economic recovery contributed to stronger fiscal performance, supporting government expenditure on infrastructure, social programs, healthcare, and broader economic development initiatives.
This dataset is an essential indicator for policymakers, economists, financial institutions, investors, researchers, and international organizations seeking to evaluate fiscal sustainability, government revenue generation, and taxation efficiency. It supports benchmarking Mexico's fiscal performance against regional and global economies, assessing the impact of tax policy reforms, forecasting future revenue trends, and analyzing the relationship between taxation, economic growth, and public finances. Additionally, the data contributes to studies on fiscal resilience, macroeconomic stability, public sector financing, and long-term economic competitiveness.
Overall, the 2015–2024 dataset demonstrates Mexico's steady progress in strengthening tax revenue relative to GDP and provides a reliable foundation for fiscal analysis, policy evaluation, investment planning, and long-term economic forecasting. It also serves as a valuable resource for understanding the evolution of the country's tax system and its contribution to sustainable economic development.
- Indicator
- Tax Revenue as Percentage of GDP
- Country
- Mexico
- 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 Mexico 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 Mexico Tax Revenue as Percentage of GDP in 2024?
Mexico Tax Revenue as Percentage of GDP was 14.82 Percentage in 2024, up 4.2% on 2023.
How has Mexico Tax Revenue as Percentage of GDP changed between 2015 and 2024?
Mexico Tax Revenue as Percentage of GDP moved from 12.35 Percentage in 2015 to 14.82 Percentage in 2024 (+20.1%), an average of +2.1% a year. The series high was 14.82 Percentage in 2024 and the low 12.35 Percentage in 2015.
Which year had the highest and lowest Mexico Tax Revenue as Percentage of GDP?
The highest value was 14.82 Percentage in 2024 and the lowest was 12.35 Percentage in 2015.
What does the Mexico 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 Mexico 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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