Taxes on income, profits and capital gains in Australia
Australia: Taxes on income, profits and capital gains was 67.9% in 2022. ▲ Rising
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 % of revenue.
Analysis
Australia recorded 67.9% for taxes on income, profits and capital gains in 2022. That is the highest value across all 51 years on record.
That represents a change of up 5.3% on the previous year and up 3.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Australia peaked at 67.9% in 2022 and was at its lowest, 58.3%, in 1972.
That places Australia 1st out of 153 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 51 years of available data.
Taxes on income, profits and capital gains in Australia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 58.3% | — |
| 1973 | 59.0% | +1.2% |
| 1974 | 61.4% | +4.0% |
| 1975 | 64.6% | +5.2% |
| 1976 | 62.9% | -2.6% |
| 1977 | 63.2% | +0.6% |
| 1978 | 63.3% | +0.2% |
| 1979 | 60.5% | -4.6% |
| 1980 | 60.8% | +0.6% |
| 1981 | 62.2% | +2.2% |
| 1982 | 63.3% | +1.7% |
| 1983 | 61.2% | -3.3% |
| 1984 | 58.9% | -3.8% |
| 1985 | 59.8% | +1.6% |
| 1986 | 59.4% | -0.6% |
| 1987 | 60.6% | +2.1% |
| 1988 | 61.8% | +1.8% |
| 1989 | 64.3% | +4.1% |
| 1990 | 65.1% | +1.2% |
| 1991 | 66.3% | +1.9% |
| 1992 | 65.6% | -1.1% |
| 1993 | 65.7% | +0.1% |
| 1994 | 64.0% | -2.5% |
| 1995 | 64.7% | +1.0% |
| 1996 | 66.0% | +2.1% |
| 1997 | 67.2% | +1.8% |
| 1998 | 67.1% | -0.1% |
| 1999 | 65.5% | -2.4% |
| 2000 | 66.7% | +1.8% |
| 2001 | 65.0% | -2.5% |
| 2002 | 62.4% | -4.1% |
| 2003 | 62.7% | +0.6% |
| 2004 | 63.3% | +0.9% |
| 2005 | 65.0% | +2.7% |
| 2006 | 65.2% | +0.3% |
| 2007 | 65.7% | +0.7% |
| 2008 | 66.3% | +0.9% |
| 2009 | 65.0% | -2.0% |
| 2010 | 61.3% | -5.6% |
| 2011 | 63.3% | +3.4% |
| 2012 | 65.5% | +3.4% |
| 2013 | 64.2% | -2.0% |
| 2014 | 63.7% | -0.8% |
| 2015 | 64.9% | +1.9% |
| 2016 | 64.2% | -1.0% |
| 2017 | 64.1% | -0.2% |
| 2018 | 65.2% | +1.6% |
| 2019 | 65.9% | +1.1% |
| 2020 | 64.5% | -2.0% |
| 2021 | 64.5% | -0.1% |
| 2022 | 67.9% | +5.3% |
Australia compared with similar countries
- Australia's 67.9% is above the median for high income countries, which is 24.5%, 2.8× the median. (55 countries reporting)
- Australia's 67.9% is above the median for East Asia & Pacific, which is 22.7%, 3.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 61.6% | 58.3% | 64.6% | 8 |
| 1980s | 61.2% | 58.9% | 64.3% | 10 |
| 1990s | 65.7% | 64.0% | 67.2% | 10 |
| 2000s | 64.7% | 62.4% | 66.7% | 10 |
| 2010s | 64.2% | 61.3% | 65.9% | 10 |
| 2020s | 65.6% | 64.5% | 67.9% | 3 |
Countries ranked near Australia
- 2 Papua New Guinea 59.4% compare
- 3 New Zealand 56.7% compare
- 4 United States of America 56.3% 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 67.9% 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 67.9% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Australia?
- The lowest recorded value was 58.3% in 1972.
- How does Australia rank for taxes on income, profits and capital gains?
- Australia ranks 1st 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 3.6%. The long-run trend across the full record is rising.
- 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 (% 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.