Taxes on income, profits and capital gains in European Union
European Union: Taxes on income, profits and capital gains was 22.3% in 2024. ▼ Falling
Taxes on income, profits and capital gains in European Union, 1973–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on income, profits and capital gains in European Union stood at 22.3%.
The figure is up 4.6% on the previous year and up 18.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in European Union peaked at 26.0% in 1991 and was at its lowest, 17.2%, in 2012.
European Union ranks 35th of 41 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 52 years of available data.
Taxes on income, profits and capital gains in European Union, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1973 | 20.2% | — |
| 1974 | 21.3% | +5.7% |
| 1975 | 20.5% | -3.7% |
| 1976 | 20.1% | -2.0% |
| 1977 | 22.3% | +10.7% |
| 1978 | 21.1% | -5.0% |
| 1979 | 21.7% | +2.5% |
| 1980 | 22.0% | +1.5% |
| 1981 | 21.6% | -1.7% |
| 1982 | 20.3% | -6.3% |
| 1983 | 21.7% | +7.2% |
| 1984 | 21.4% | -1.7% |
| 1985 | 23.2% | +8.6% |
| 1986 | 20.9% | -10.0% |
| 1987 | 21.8% | +4.5% |
| 1988 | 22.9% | +4.7% |
| 1989 | 21.2% | -7.3% |
| 1990 | 20.9% | -1.4% |
| 1991 | 26.0% | +24.3% |
| 1992 | 20.0% | -23.2% |
| 1993 | 18.8% | -5.7% |
| 1994 | 19.2% | +1.9% |
| 1995 | 23.0% | +20.1% |
| 1996 | 20.9% | -9.0% |
| 1997 | 22.7% | +8.3% |
| 1998 | 22.6% | -0.5% |
| 1999 | 20.9% | -7.4% |
| 2000 | 22.1% | +6.0% |
| 2001 | 21.9% | -1.3% |
| 2002 | 22.0% | +0.7% |
| 2003 | 20.5% | -6.8% |
| 2004 | 20.7% | +0.9% |
| 2005 | 20.6% | -0.7% |
| 2006 | 20.6% | +0.1% |
| 2007 | 21.0% | +1.8% |
| 2008 | 22.0% | +5.0% |
| 2009 | 20.1% | -8.9% |
| 2010 | 17.8% | -11.1% |
| 2011 | 17.6% | -1.5% |
| 2012 | 17.2% | -1.9% |
| 2013 | 18.0% | +4.1% |
| 2014 | 18.9% | +5.3% |
| 2015 | 18.9% | -0.2% |
| 2016 | 19.7% | +4.4% |
| 2017 | 19.5% | -0.7% |
| 2018 | 19.4% | -0.9% |
| 2019 | 19.3% | -0.1% |
| 2020 | 18.7% | -3.3% |
| 2021 | 20.0% | +6.9% |
| 2022 | 20.9% | +4.4% |
| 2023 | 21.4% | +2.3% |
| 2024 | 22.3% | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.0% | 20.1% | 22.3% | 7 |
| 1980s | 21.7% | 20.3% | 23.2% | 10 |
| 1990s | 21.5% | 18.8% | 26.0% | 10 |
| 2000s | 21.2% | 20.1% | 22.1% | 10 |
| 2010s | 18.6% | 17.2% | 19.7% | 10 |
| 2020s | 20.7% | 18.7% | 22.3% | 5 |
Countries ranked near European Union
More public sector data for European Union
- Arms imports 6.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.69 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 29.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 818.48 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0189 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 20.53 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 368.50 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,195 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in European Union?
- Taxes on income, profits and capital gains in European Union was 22.3% 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 European Union?
- The highest recorded value was 26.0% in 1991.
- What is the lowest taxes on income, profits and capital gains recorded in European Union?
- The lowest recorded value was 17.2% in 2012.
- How does European Union rank for taxes on income, profits and capital gains?
- European Union ranks 35th out of 41 groups with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in European Union?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is falling.
- Where does this European Union 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.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.