Sunday, July 21, 2024

Logo Central America Link

Costa Rica has the highest tax burden

Wednesday, January 29, 2014

At 21% of the value of national production, Costa Rica in 2012 had the highest proportional tax revenues in Central America, compared to 19% two years earlier, according to the 1990-2012 Revenue Statistics Report for Latin America, prepared by the Economic Commission for Latin America and the Caribbean, and the Organization for Economic Cooperation and Development.

In Latin America, Costa Rica had the fifth highest rate.

Nicaragua was second with nearly 20%%, while Guatemala had the lowest percentage in Latin America, at just over 12%.

Argentina had the highest level, at more than 37% (figures in parentheses refer to tax revenues a percentage of Gross Domestic Product in 2012).

  1. Costa Rica (21,0)
  2. Nicaragua (19.5)
  3. Panama (18.5)
  4. Honduras (17.5)
  5. El Salvador (16,0)
  6. Guatemala (12.3)