Taxes on income, profits and capital gains in Australia
Australia: Taxes on income, profits and capital gains was 422.00 billion current LCU in 2022. ◆ Volatile
Latest (2022)
422.00 billion current LCU
Change on year
up 19.9%
World rank
52nd
of 153 countries
All-time high
422.00 billion current LCU
in 2022
All-time low
5.30 billion current LCU
in 1972
Years of data
51
1972–2022
Taxes on income, profits and capital gains in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, taxes on income, profits and capital gains in Australia stood at 422.00 billion current LCU. That is the highest value across all 51 years on record.
The figure is up 19.9% on the previous year and up 82.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in Australia peaked at 422.00 billion current LCU in 2022 and was at its lowest, 5.30 billion current LCU, in 1972.
Australia ranks 52nd of 153 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains in Australia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 5.30 billion current LCU | — |
| 1973 | 5.72 billion current LCU | +7.9% |
| 1974 | 7.52 billion current LCU | +31.5% |
| 1975 | 10.16 billion current LCU | +35.1% |
| 1976 | 11.83 billion current LCU | +16.5% |
| 1977 | 13.97 billion current LCU | +18.1% |
| 1978 | 15.34 billion current LCU | +9.8% |
| 1979 | 15.95 billion current LCU | +4.0% |
| 1980 | 18.59 billion current LCU | +16.6% |
| 1981 | 22.40 billion current LCU | +20.5% |
| 1982 | 26.48 billion current LCU | +18.2% |
| 1983 | 28.07 billion current LCU | +6.0% |
| 1984 | 29.65 billion current LCU | +5.6% |
| 1985 | 35.33 billion current LCU | +19.2% |
| 1986 | 39.44 billion current LCU | +11.6% |
| 1987 | 45.43 billion current LCU | +15.2% |
| 1988 | 51.37 billion current LCU | +13.1% |
| 1989 | 58.56 billion current LCU | +14.0% |
| 1990 | 64.33 billion current LCU | +9.9% |
| 1991 | 66.67 billion current LCU | +3.6% |
| 1992 | 63.06 billion current LCU | -5.4% |
| 1993 | 64.24 billion current LCU | +1.9% |
| 1994 | 66.39 billion current LCU | +3.3% |
| 1995 | 73.89 billion current LCU | +11.3% |
| 1996 | 82.61 billion current LCU | +11.8% |
| 1997 | 90.44 billion current LCU | +9.5% |
| 1998 | 95.36 billion current LCU | +5.5% |
| 1999 | 102.31 billion current LCU | +7.3% |
| 2000 | 114.52 billion current LCU | +11.9% |
| 2001 | 124.60 billion current LCU | +8.8% |
| 2002 | 122.72 billion current LCU | -1.5% |
| 2003 | 134.12 billion current LCU | +9.3% |
| 2004 | 145.43 billion current LCU | +8.4% |
| 2005 | 162.71 billion current LCU | +11.9% |
| 2006 | 175.92 billion current LCU | +8.1% |
| 2007 | 189.06 billion current LCU | +7.5% |
| 2008 | 208.22 billion current LCU | +10.1% |
| 2009 | 201.00 billion current LCU | -3.5% |
| 2010 | 186.65 billion current LCU | -7.1% |
| 2011 | 204.54 billion current LCU | +9.6% |
| 2012 | 230.84 billion current LCU | +12.9% |
| 2013 | 241.80 billion current LCU | +4.7% |
| 2014 | 248.43 billion current LCU | +2.7% |
| 2015 | 258.65 billion current LCU | +4.1% |
| 2016 | 265.17 billion current LCU | +2.5% |
| 2017 | 281.20 billion current LCU | +6.0% |
| 2018 | 312.54 billion current LCU | +11.1% |
| 2019 | 338.73 billion current LCU | +8.4% |
| 2020 | 328.66 billion current LCU | -3.0% |
| 2021 | 351.86 billion current LCU | +7.1% |
| 2022 | 422.00 billion current LCU | +19.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.72 billion current LCU | 5.30 billion current LCU | 15.95 billion current LCU | 8 |
| 1980s | 35.53 billion current LCU | 18.59 billion current LCU | 58.56 billion current LCU | 10 |
| 1990s | 76.93 billion current LCU | 63.06 billion current LCU | 102.31 billion current LCU | 10 |
| 2000s | 157.83 billion current LCU | 114.52 billion current LCU | 208.22 billion current LCU | 10 |
| 2010s | 256.86 billion current LCU | 186.65 billion current LCU | 338.73 billion current LCU | 10 |
| 2020s | 367.51 billion current LCU | 328.66 billion current LCU | 422.00 billion current LCU | 3 |
Countries ranked near Australia
- 49 Serbia 512.63 billion current LCU compare
- 50 Iceland 477.81 billion current LCU compare
- 51 Equatorial Guinea 446.08 billion current LCU compare
- 53 United Kingdom of Great Britain and Northern Ireland 409.19 billion current LCU compare
- 54 Gabon 389.92 billion current LCU compare
- 55 Sweden 383.48 billion current LCU compare
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 36.15 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0006 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 159.37 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 983.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,244 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0192 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.42 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 33.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 49.27 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Australia?
- Taxes on income, profits and capital gains in Australia was 422.00 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Australia?
- The highest recorded value was 422.00 billion current LCU in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Australia?
- The lowest recorded value was 5.30 billion current LCU in 1972.
- How does Australia rank for taxes on income, profits and capital gains?
- Australia ranks 52nd out of 153 countries with data for 2022.
- Is taxes on income, profits and capital gains rising or falling in Australia?
- Over the last ten years it is up 82.8%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.