Taxes on income, profits and capital gains in Least developed countries
Least developed countries: Taxes on income, profits and capital gains was 24.6% in 2021. ▲ Rising
Taxes on income, profits and capital gains in Least developed countries, 2010–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Least developed countries is 24.6%, measured in 2021. That is the highest value across all 11 years on record.
Compared with earlier readings it is up 1.5% on the previous year and up 43.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in Least developed countries peaked at 24.6% in 2021 and was at its lowest, 17.1%, in 2010.
That places Least developed countries 28th out of 41 groups with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Taxes on income, profits and capital gains in Least developed countries, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2010 | 17.1% | — |
| 2012 | 19.8% | +15.7% |
| 2013 | 19.4% | -1.9% |
| 2014 | 19.8% | +2.0% |
| 2015 | 21.2% | +7.1% |
| 2016 | 20.7% | -2.5% |
| 2017 | 22.0% | +6.4% |
| 2018 | 22.9% | +4.3% |
| 2019 | 23.5% | +2.7% |
| 2020 | 24.2% | +2.9% |
| 2021 | 24.6% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.7% | 17.1% | 23.5% | 9 |
| 2020s | 24.4% | 24.2% | 24.6% | 2 |
Countries ranked near Least developed countries
More public sector data for Least developed countries
- Arms imports 748.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.645 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -26.74 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 748.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 19.79 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0152 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 23.48 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.74 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Least developed countries?
- Taxes on income, profits and capital gains in Least developed countries was 24.6% in 2021, 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 Least developed countries?
- The highest recorded value was 24.6% in 2021.
- What is the lowest taxes on income, profits and capital gains recorded in Least developed countries?
- The lowest recorded value was 17.1% in 2010.
- How does Least developed countries rank for taxes on income, profits and capital gains?
- Least developed countries ranks 28th out of 41 groups with data for 2021.
- Is taxes on income, profits and capital gains rising or falling in Least developed countries?
- Over the last ten years it is up 43.9%. The long-run trend across the full record is rising.
- Where does this Least developed countries 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.