In 2024, the outlook for revenue performance was somewhat more positive than in 2023, with average cumulative growth in constant values of 3.9% and a majority of countries — 17 out of 22 — recording increases in revenue. By tax category, growth was positive across the board, with a 2.4% increase in income taxes, 5% in VAT, 5.1% in excise taxes, and 6.4% in Other revenue. Latin America and the Caribbean registered a 3.3% increase in revenue compared to the same period in 2023.

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