Taxes on income, profits and capital gains in Georgia
Georgia: Taxes on income, profits and capital gains was 38.5% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Georgia, 1995–2024
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 Georgia stood at 38.5%. That is the highest value across all 30 years on record.
The figure is up 8.7% on the previous year and up 16.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Georgia peaked at 38.5% in 2024 and was at its lowest, 16.3%, in 1996.
Georgia ranks 20th of 153 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Taxes on income, profits and capital gains in Georgia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1995 | 19.5% | — |
| 1996 | 16.3% | -16.5% |
| 1997 | 17.4% | +6.9% |
| 1998 | 19.7% | +13.3% |
| 1999 | 19.8% | +0.6% |
| 2000 | 21.5% | +8.3% |
| 2001 | 19.1% | -10.9% |
| 2002 | 20.1% | +5.1% |
| 2003 | 20.1% | -0.3% |
| 2004 | 19.2% | -4.3% |
| 2005 | 18.5% | -3.7% |
| 2006 | 20.4% | +10.2% |
| 2007 | 22.3% | +9.6% |
| 2008 | 33.7% | +51.1% |
| 2009 | 32.8% | -2.7% |
| 2010 | 32.3% | -1.6% |
| 2011 | 36.7% | +13.5% |
| 2012 | 36.4% | -0.7% |
| 2013 | 35.8% | -1.7% |
| 2014 | 33.1% | -7.4% |
| 2015 | 33.5% | +1.1% |
| 2016 | 33.1% | -1.1% |
| 2017 | 30.9% | -6.6% |
| 2018 | 33.5% | +8.4% |
| 2019 | 32.4% | -3.3% |
| 2020 | 33.5% | +3.4% |
| 2021 | 31.0% | -7.5% |
| 2022 | 35.6% | +14.7% |
| 2023 | 35.4% | -0.4% |
| 2024 | 38.5% | +8.7% |
Georgia compared with similar countries
- Georgia's 38.5% is above the median for upper middle income countries, which is 22.7%, 1.7× the median. (48 countries reporting)
- Georgia's 38.5% is above the median for Europe & Central Asia, which is 20.9%, 1.8× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.6% | 16.3% | 19.8% | 5 |
| 2000s | 22.8% | 18.5% | 33.7% | 10 |
| 2010s | 33.8% | 30.9% | 36.7% | 10 |
| 2020s | 34.8% | 31.0% | 38.5% | 5 |
Countries ranked near Georgia
More public sector data for Georgia
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.46 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 17.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 161.54 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.018 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 21.14 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 615.86 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 0 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Georgia?
- Taxes on income, profits and capital gains in Georgia was 38.5% 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 Georgia?
- The highest recorded value was 38.5% in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Georgia?
- The lowest recorded value was 16.3% in 1996.
- How does Georgia rank for taxes on income, profits and capital gains?
- Georgia ranks 20th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Georgia?
- Over the last ten years it is up 16.3%. The long-run trend across the full record is rising.
- Where does this Georgia 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 — 30 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.