Revenue Statistics in Latin America and the Caribbean 2021

image of Revenue Statistics in Latin America and the Caribbean 2021

This report compiles comparable tax revenue statistics over the period 1990-2019 for 27 Latin American and Caribbean economies. Based on the OECD Revenue Statistics database, it applies the OECD methodology to countries in Latin America and the Caribbean to enable comparison of tax levels and tax structures on a consistent basis, both among the economies of the region and with other economies. This 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). The 2021 edition is produced with the support of the EU Regional Facility for Development in Transition for Latin America and the Caribbean, which results from joint work led by the European Union, the OECD and its Development Centre, and ECLAC.

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Special Feature: Fiscal policy responses to the COVID-19 crisis in Latin America

The COVID-19 pandemic has triggered the worst economic crisis in Latin America and the Caribbean for 120 years, causing significant short- and medium-term reductions in growth and increases in inequality, poverty and unemployment (ECLAC, 2021[1]). Necessary public health measures to protect human life precipitated a decline in GDP through two channels: on the supply side, the sudden interruption of supply chains associated with the closure of a large part of the companies that carry out activities identified as non-essential. On the demand side, layoffs or partial unemployment strongly impacted household income, thereby reducing consumption.

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