Brazil: Taxes on goods and services (current LCU)

Key figures

What the numbers say

In 2024, Brazil's taxes on goods and services (current LCU) rose 26.4% on 2023 (from 501.55 billion to 633.74 billion).

Across the 13 yearly changes before that (2011 to 2023), the average change was +5.5% and a typical year strayed about 9.7% from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 31% in 2021 and the biggest yearly fall was 9.8% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 25.66 billion a year. A straight line explains 78% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Brazil had the 28th highest value of the 91 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Brazil in the 2024 ranking

• Czechia — 25th of 91: 841.77 billion
• Sweden — 26th of 91: 730.99 billion
• South Africa — 27th of 91: 694.63 billion
• Dominican Republic — 29th of 91: 620.9 billion
• Norway — 30th of 91: 512.94 billion
• Poland — 31st of 91: 470.09 billion

What this measures

General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 15 values

Taxes on goods and services (current LCU) in nearby economies

• Argentina — 31.34 trillion (2024)
• Bahamas, The — 1.8 billion (2024)
• Barbados — 1.32 billion (2016)
• Belize — 533.03 million (2017)
• Chile — 31.92 trillion (2024)
• Colombia — 122.84 trillion (2024)
• Costa Rica — 3.65 trillion (2024)
• Dominican Republic — 620.9 billion (2024)
• Ecuador — 7.58 billion (2022)
• El Salvador — 3.98 billion (2024)

More public sector data for Brazil

• Arms imports (SIPRI trend indicator values) — 462 million (2025)
• Military expenditure (current USD) — 23.95 billion (2025)
• Military expenditure (current LCU) — 134 billion (2025)
• Military expenditure (% of GDP) — 1.05% (2025)
• Arms exports (SIPRI trend indicator values) — 153 million (2025)
• Intentional homicides, female (per 100,000 female) — 3.92 (2023)
• Intentional homicides, male (per 100,000 male) — 34.66 (2023)
• Intentional homicides (per 100,000 people) — 19.28 (2023)
• Armed forces personnel, total — 762,000 (2020)
• Armed forces personnel (% of total labor force)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Brazil's taxes on goods and services (current LCU)?

633.74 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is up 142.9% from 260.91 billion in 2010 (6.54% a year on average, compounded). The highest value was 633.74 billion in 2024 and the lowest 260.91 billion in 2010.

How does Brazil rank?

28th highest of 91 economies with data for 2024.

Is the latest change in taxes on goods and services (current LCU) unusual for Brazil?

In 2024, Brazil's taxes on goods and services (current LCU) rose 26.4% on 2023 (from 501.55 billion to 633.74 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was +5.5% and a typical year strayed about 9.7% from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator GC.TAX.GSRV.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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