Taxes on income, profits and capital gains (% of revenue) in Armenia
Armenia: Taxes on income, profits and capital gains (% of revenue) was 39.6% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Armenia recorded 39.6% for taxes on income, profits and capital gains in 2024.
That represents a change of up 3.1% on the previous year and up 17.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Armenia peaked at 40.1% in 2018 and was at its lowest, 14.5%, in 2004.
That places Armenia 14th out of 153 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on income, profits and capital gains (% of revenue) in Armenia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2004 | 14.5% | — |
| 2005 | 16.3% | +12.4% |
| 2006 | 18.6% | +14.1% |
| 2007 | 17.5% | -6.0% |
| 2008 | 16.8% | -3.9% |
| 2009 | 19.7% | +16.8% |
| 2010 | 18.6% | -5.3% |
| 2011 | 19.4% | +4.3% |
| 2012 | 21.3% | +9.8% |
| 2013 | 36.3% | +70.2% |
| 2014 | 33.9% | -6.6% |
| 2015 | 35.7% | +5.3% |
| 2016 | 39.8% | +11.7% |
| 2017 | 36.9% | -7.3% |
| 2018 | 40.1% | +8.6% |
| 2019 | 37.4% | -6.8% |
| 2020 | 36.2% | -3.2% |
| 2021 | 35.2% | -2.6% |
| 2022 | 34.7% | -1.6% |
| 2023 | 38.4% | +10.7% |
| 2024 | 39.6% | +3.1% |
Armenia compared with similar countries
- Armenia's 39.6% is above the median for upper middle income countries, which is 22.7%, 1.7× the median. (48 countries reporting)
- Armenia's 39.6% is above the median for Europe & Central Asia, which is 20.9%, 1.9× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.2% | 14.5% | 19.7% | 6 |
| 2010s | 31.9% | 18.6% | 40.1% | 10 |
| 2020s | 36.8% | 34.7% | 39.6% | 5 |
Countries ranked near Armenia
More public sector data for Armenia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 21.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 6.92 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 200 % change on previous year (2024)
Frequently asked questions
- What is taxes on income, profits and capital gains in Armenia?
- Taxes on income, profits and capital gains in Armenia was 39.6% 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 Armenia?
- The highest recorded value was 40.1% in 2018.
- What is the lowest taxes on income, profits and capital gains recorded in Armenia?
- The lowest recorded value was 14.5% in 2004.
- How does Armenia rank for taxes on income, profits and capital gains?
- Armenia ranks 14th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Armenia?
- Over the last ten years it is up 17.0%. The long-run trend across the full record is rising.
- Where does this Armenia 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.