Taxes on income, profits and capital gains in High income
High income: Taxes on income, profits and capital gains was 26.5% in 2024. ▬ Flat
Taxes on income, profits and capital gains in High income, 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 High income stood at 26.5%.
That represents a change of up 7.3% on the previous year and up 27.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in High income peaked at 27.0% in 1991 and was at its lowest, 19.3%, in 1994.
That places High income 20th out of 41 groups with data for 2024, putting it in the middle of the range.
Taxes on income, profits and capital gains in High income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1973 | 21.6% | — |
| 1974 | 21.6% | +0.2% |
| 1975 | 20.7% | -4.3% |
| 1976 | 23.7% | +14.7% |
| 1977 | 23.5% | -0.8% |
| 1978 | 21.4% | -8.9% |
| 1979 | 21.9% | +2.2% |
| 1980 | 23.1% | +5.5% |
| 1981 | 22.9% | -0.8% |
| 1982 | 23.1% | +0.9% |
| 1983 | 23.1% | -0.2% |
| 1984 | 22.9% | -0.8% |
| 1985 | 24.4% | +6.5% |
| 1986 | 21.6% | -11.3% |
| 1987 | 25.4% | +17.4% |
| 1988 | 26.3% | +3.6% |
| 1990 | 21.4% | -18.7% |
| 1991 | 27.0% | +26.0% |
| 1992 | 21.0% | -22.0% |
| 1993 | 20.5% | -2.5% |
| 1994 | 19.3% | -6.0% |
| 1995 | 23.0% | +19.4% |
| 1996 | 22.1% | -4.1% |
| 1997 | 22.9% | +3.9% |
| 1998 | 22.6% | -1.5% |
| 1999 | 21.7% | -3.8% |
| 2000 | 23.0% | +6.1% |
| 2001 | 22.9% | -0.8% |
| 2002 | 22.9% | +0.3% |
| 2003 | 23.0% | +0.3% |
| 2004 | 23.1% | +0.3% |
| 2005 | 23.6% | +2.3% |
| 2006 | 23.4% | -0.9% |
| 2007 | 24.9% | +6.3% |
| 2008 | 24.7% | -0.6% |
| 2009 | 21.9% | -11.4% |
| 2010 | 21.3% | -2.8% |
| 2011 | 19.9% | -6.4% |
| 2012 | 19.7% | -0.9% |
| 2013 | 20.5% | +3.7% |
| 2014 | 20.7% | +0.9% |
| 2015 | 21.9% | +6.0% |
| 2016 | 22.3% | +1.9% |
| 2017 | 22.3% | +0.0% |
| 2018 | 22.9% | +2.8% |
| 2019 | 23.4% | +2.0% |
| 2020 | 22.2% | -5.0% |
| 2021 | 23.7% | +6.5% |
| 2022 | 24.5% | +3.6% |
| 2023 | 24.7% | +0.5% |
| 2024 | 26.5% | +7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.1% | 20.7% | 23.7% | 7 |
| 1980s | 23.7% | 21.6% | 26.3% | 9 |
| 1990s | 22.1% | 19.3% | 27.0% | 10 |
| 2000s | 23.3% | 21.9% | 24.9% | 10 |
| 2010s | 21.5% | 19.7% | 23.4% | 10 |
| 2020s | 24.3% | 22.2% | 26.5% | 5 |
Countries ranked near High income
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in High income?
- Taxes on income, profits and capital gains in High income was 26.5% 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 High income?
- The highest recorded value was 27.0% in 1991.
- What is the lowest taxes on income, profits and capital gains recorded in High income?
- The lowest recorded value was 19.3% in 1994.
- How does High income rank for taxes on income, profits and capital gains?
- High income ranks 20th out of 41 groups with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in High income?
- Over the last ten years it is up 27.9%. The long-run trend across the full record is flat.
- Where does this High income 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.