Taxes on income, profits and capital gains in Saudi Arabia
Saudi Arabia: Taxes on income, profits and capital gains was 31.58 billion current LCU in 2024. ▲ Rising
Taxes on income, profits and capital gains in Saudi Arabia, 2010–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on income, profits and capital gains in Saudi Arabia is 31.58 billion current LCU, measured in 2024.
That represents a change of down 18.3% on the previous year and up 126.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in Saudi Arabia peaked at 38.64 billion current LCU in 2023 and was at its lowest, 7.12 billion current LCU, in 2010.
Saudi Arabia ranks 94th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Taxes on income, profits and capital gains in Saudi Arabia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | 7.12 billion current LCU | — |
| 2011 | 9.47 billion current LCU | +32.9% |
| 2012 | 12.51 billion current LCU | +32.1% |
| 2013 | 12.25 billion current LCU | -2.1% |
| 2014 | 13.93 billion current LCU | +13.7% |
| 2015 | 14.60 billion current LCU | +4.8% |
| 2016 | 14.65 billion current LCU | +0.4% |
| 2017 | 14.01 billion current LCU | -4.4% |
| 2018 | 16.73 billion current LCU | +19.4% |
| 2019 | 17.20 billion current LCU | +2.8% |
| 2020 | 18.11 billion current LCU | +5.3% |
| 2021 | 17.85 billion current LCU | -1.4% |
| 2022 | 24.48 billion current LCU | +37.2% |
| 2023 | 38.64 billion current LCU | +57.8% |
| 2024 | 31.58 billion current LCU | -18.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.25 billion current LCU | 7.12 billion current LCU | 17.20 billion current LCU | 10 |
| 2020s | 26.13 billion current LCU | 17.85 billion current LCU | 38.64 billion current LCU | 5 |
Countries ranked near Saudi Arabia
- 91 Switzerland 36.73 billion current LCU compare
- 92 Namibia 32.69 billion current LCU compare
- 93 Guinea-Bissau 32.64 billion current LCU compare
- 95 Finland 31.56 billion current LCU compare
- 96 Afghanistan 28.03 billion current LCU compare
- 97 Portugal 27.37 billion current LCU compare
More public sector data for Saudi Arabia
- Arms imports 1.11 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 31.47 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0009 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -14.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.11 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,276 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0641 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 3.3 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 80.33 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 602.88 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Saudi Arabia?
- Taxes on income, profits and capital gains in Saudi Arabia was 31.58 billion current LCU in 2024, 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 Saudi Arabia?
- The highest recorded value was 38.64 billion current LCU in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Saudi Arabia?
- The lowest recorded value was 7.12 billion current LCU in 2010.
- How does Saudi Arabia rank for taxes on income, profits and capital gains?
- Saudi Arabia ranks 94th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Saudi Arabia?
- Over the last ten years it is up 126.8%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia 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.