Taxes on income, profits and capital gains in Andorra
Andorra: Taxes on income, profits and capital gains was 19.4% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Andorra, 2018–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Andorra is 19.4%, measured in 2024. That is the highest value across all 7 years on record.
The figure is up 8.5% on the previous year and up 65.0% over ten years.
That places Andorra 96th out of 153 countries with data for 2024, putting it in the middle of the range.
Taxes on income, profits and capital gains in Andorra, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2018 | 11.7% | — |
| 2019 | 11.8% | +0.6% |
| 2020 | 10.5% | -10.7% |
| 2021 | 14.6% | +38.5% |
| 2022 | 11.9% | -18.6% |
| 2023 | 17.9% | +50.3% |
| 2024 | 19.4% | +8.5% |
Andorra compared with similar countries
- Andorra's 19.4% is below the median for high income countries, which is 24.5%, 79% of the median. (55 countries reporting)
- Andorra's 19.4% is below the median for Europe & Central Asia, which is 20.9%, 93% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 11.8% | 11.7% | 11.8% | 2 |
| 2020s | 14.9% | 10.5% | 19.4% | 5 |
Countries ranked near Andorra
- 93 Madagascar 19.8% compare
- 94 Equatorial Guinea 19.8% compare
- 95 Honduras 19.5%
- 97 Iran 19.3%
- 98 Laos 19.3% compare
- 99 Jordan 19.3% compare
More public sector data for Andorra
- Tax revenue 15.6% (2024)
- Taxes on goods and services 22.8% (2024)
- Net investment in nonfinancial assets 1.7% (2024)
- Net lending (+) / net borrowing (-) 2.3% (2024)
- Interest payments 1.5% (2024)
- Grants and other revenue 13.2% (2024)
- Taxes on international trade 10.1% (2024)
- Revenue, General government, Percent of GDP 39.75 (2030)
- Tax revenue (current LCU), gaps filled 581.74 million current LCU (2024)
- Expenditure, General government, Percent of GDP 37.4 (2030)
Frequently asked questions
- What is taxes on income, profits and capital gains in Andorra?
- Taxes on income, profits and capital gains in Andorra was 19.4% 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 Andorra?
- The highest recorded value was 19.4% in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Andorra?
- The lowest recorded value was 10.5% in 2020.
- How does Andorra rank for taxes on income, profits and capital gains?
- Andorra ranks 96th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Andorra?
- Over the last ten years it is up 65.0%. The long-run trend across the full record is rising.
- Where does this Andorra 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.