Latin America’s tax revenues remain low, OECD warns
- World Tax & Law Editorial Team
- Nov 8
- 2 min read
A new report by the Organisation for Economic Co-operation and Development (OECD) reveals that tax revenues in Latin America and the Caribbean remain among the lowest in the world, averaging just 21.3 % of GDP in 2024. The findings, published this week in Paris, show that despite a decade of reforms and digitalisation efforts, the region’s overall fiscal capacity continues to lag behind advanced economies, where the average tax-to-GDP ratio exceeds 34 %.
