Economic Commission for Latin America and the Caribbean (ECLAC)
Public revenues as a share of GDP in Latin America continued a decline that had begun in 2013. The trend intensified in 2016, however, with a drop of 0.2 percentage points of GDP to 17.6% of GDP on average for the 17 countries with
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information available. This was partly due to a fall in tax receipts (0.2 percentage points of GDP), something not seen since 2009. Nonetheless, the averages given here tend to mask a high degree of heterogeneity in the region’s performance.
Figure I.11 Latin America and the Caribbean: disaggregated central government revenues, by subregion and country grouping, 2015-2016a
(Percentages of GDP) 30
27.5
25 20 15
5.4
28.1 6.3 21.1 2.0
23.4
26.9
24.3 22.8
20.7 2.3
17.8
17.6
2.7
2.6
15.1
14.9
22.1
21.8
19.2
18.4
13.0
2015
2016
2015
2016
2015
2016
2015
4.9
10.8
10.4
20.1
21.7
21.5
3.2
3.6
4.9
19.7
19.2
3.3
3.1
27.9
5.4
6.1
15.1 1.5
15.2 1.5
13.5
13.5
13.7
17.9
15.2
18.5
17.8
16.5
16.1
21.6
21.8
2016
2015
2016
2015
2016
2015
2016
2015
2016
2015
2016
10 5 0
Latin America (17 countries)
The Caribbean (13 countries)
Brazil
Mexico b
Other revenues
Central America, Dominican Rep. and Haiti
Hydrocarbon exporters c
Mineral and metal exporters d
Food exporters e
Service exportersf
Tax receipts
Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures. a The 2016 figures are official estimates for the close of the fiscal year taken from 2017 budgets. b Federal public sector. c Colombia, Ecuador and Trinidad and Tobago. d Chile, Guyana, Peru and Suriname. e Argentina, Paraguay and Uruguay. f Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Jamaica, Panama, Saint Kitts and Nevis, Saint Lucia and Saint Vincent and the Grenadines.
16