Taxes on income, profits and capital gains in Lower middle income
Lower middle income: Taxes on income, profits and capital gains was 25.8% in 2021. ▲ Rising
Taxes on income, profits and capital gains in Lower middle income, 2003–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Lower middle income recorded 25.8% for taxes on income, profits and capital gains in 2021.
That represents a change of down 5.4% on the previous year and up 4.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Lower middle income peaked at 27.2% in 2020 and was at its lowest, 20.0%, in 2006.
Lower middle income ranks 25th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes on income, profits and capital gains in Lower middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2003 | 20.0% | — |
| 2004 | 21.5% | +7.3% |
| 2005 | 22.4% | +4.2% |
| 2006 | 20.0% | -10.7% |
| 2007 | 21.2% | +5.8% |
| 2008 | 21.3% | +0.5% |
| 2009 | 21.7% | +2.0% |
| 2010 | 24.8% | +14.3% |
| 2011 | 24.8% | +0.0% |
| 2012 | 23.7% | -4.5% |
| 2013 | 24.5% | +3.3% |
| 2014 | 24.9% | +1.7% |
| 2015 | 26.2% | +5.4% |
| 2016 | 25.8% | -1.4% |
| 2017 | 24.3% | -5.9% |
| 2018 | 25.4% | +4.5% |
| 2019 | 24.8% | -2.5% |
| 2020 | 27.2% | +9.9% |
| 2021 | 25.8% | -5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.1% | 20.0% | 22.4% | 7 |
| 2010s | 24.9% | 23.7% | 26.2% | 10 |
| 2020s | 26.5% | 25.8% | 27.2% | 2 |
Countries ranked near Lower middle income
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Lower middle income?
- Taxes on income, profits and capital gains in Lower middle income was 25.8% 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 Lower middle income?
- The highest recorded value was 27.2% in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Lower middle income?
- The lowest recorded value was 20.0% in 2006.
- How does Lower middle income rank for taxes on income, profits and capital gains?
- Lower middle income ranks 25th out of 41 groups with data for 2021.
- Is taxes on income, profits and capital gains rising or falling in Lower middle income?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is rising.
- Where does this Lower 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.