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Revenue Statistics in Latin America and the Caribbean 2016

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The Revenue Statistics in Latin America and the Caribbean publication is jointly undertaken by the OECD Centre for Tax Policy and Administration, the OECD Development Centre, the Inter American Center of Tax Administrations (CIAT), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development bank (IDB). It compiles comparable tax revenue statistics for a number of Latin American and Caribbean economies, the majority of which are not OECD member countries. The model is the OECD Revenue Statistics database which is a fundamental reference, backed by a well-established methodology, for OECD member countries. Extending the OECD methodology to Latin American and Caribbean countries enables comparisons about tax levels and tax structures on a consistent basis, both among themselves and between OECD and OECD economies.

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Fiscal revenues from non-renewable natural resources in Latin America and the Caribbean

Non-renewable natural resources revenues in Latin America and the Caribbean fell both in absolute terms and relative terms in 2014 reflecting the strong impact of plunging international commodities prices for a number of the region’s principal raw material products. After posting a 10.0% increase to USD 263 billion in 2013, they declined 9.5% in 2014 to USD 238 billion (Figure 2.1).1 At the regional level a decline in hydrocarbon revenues, provoked by a collapse in oil prices in the second half of the year, was the principal driver of the overall trend. The region’s mining revenues also crept down, but their decline played a secondary role given their relatively smaller participation in overall non-renewable natural resource revenues in the region.

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