Guatemala: Fiscal freedom

The latest value from 2024 is 88 points, an increase from 86 points in 2023. In comparison, the world average is 52 points, based on data from 174 countries. Historically, the average for Guatemala from 1995 to 2024 is 82 points. The minimum value, 77 points, was reached in 2005 while the maximum of 92 points was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Fiscal Freedom index for Guatemala from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.

Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.