Taxes on income, profits and capital gains in Low & middle income
Low & middle income: Taxes on income, profits and capital gains was 27.0% in 2023. ▲ Rising
Taxes on income, profits and capital gains in Low & middle income, 2008–2023
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 Low & middle income is 27.0%, measured in 2023.
That represents a change of down 0.1% on the previous year and up 22.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Low & middle income peaked at 27.0% in 2022 and was at its lowest, 20.0%, in 2008.
That places Low & middle income 19th out of 41 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on income, profits and capital gains in Low & middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 20.0% | — |
| 2009 | 20.9% | +4.2% |
| 2010 | 20.7% | -0.7% |
| 2011 | 21.9% | +5.8% |
| 2012 | 21.4% | -2.6% |
| 2013 | 22.1% | +3.4% |
| 2014 | 21.8% | -1.3% |
| 2015 | 23.6% | +8.4% |
| 2016 | 22.4% | -5.0% |
| 2017 | 23.2% | +3.4% |
| 2018 | 24.3% | +4.6% |
| 2019 | 24.2% | -0.3% |
| 2020 | 25.0% | +3.2% |
| 2021 | 24.7% | -1.2% |
| 2022 | 27.0% | +9.5% |
| 2023 | 27.0% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.4% | 20.0% | 20.9% | 2 |
| 2010s | 22.6% | 20.7% | 24.3% | 10 |
| 2020s | 25.9% | 24.7% | 27.0% | 4 |
Countries ranked near Low & middle income
More public sector data for Low & middle income
- Arms imports 11.23 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.67 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 -22.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.23 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 102.29 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.41 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 687.69 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 186.09 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Low & middle income?
- Taxes on income, profits and capital gains in Low & middle income was 27.0% in 2023, 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 Low & middle income?
- The highest recorded value was 27.0% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Low & middle income?
- The lowest recorded value was 20.0% in 2008.
- How does Low & middle income rank for taxes on income, profits and capital gains?
- Low & middle income ranks 19th out of 41 groups with data for 2023.
- Is taxes on income, profits and capital gains rising or falling in Low & middle income?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
- Where does this Low & middle 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.