Taxes On Goods And Services

North America Ranking

percent of total revenueSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Guatemala	55.35	2019	1	54.83
2 ↑	Honduras	47.67	2015	4	39.63
3 ↓	Nicaragua	45.94	2019	2	45.18
4 ↓	El Salvador	40.7	2019	3	40.16
5	Panama	32.53	2018	5	33.46
6	Mexico	31.11	2019	6	29.06
7	Costa Rica	27.13	2019	7	26.91
8	Canada	13.5	2018	8	13.95
9	United States	2.28	2020	9	2.56

Definition of Taxes On Goods And Services

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.