Taxes on income, profits and capital gains in Malawi
Malawi: Taxes on income, profits and capital gains was 39.2% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Malawi, 2009–2024
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 Malawi stood at 39.2%.
That represents a change of up 8.7% on the previous year and up 10.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Malawi peaked at 42.0% in 2018 and was at its lowest, 24.8%, in 2009.
Malawi ranks 16th of 153 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on income, profits and capital gains in Malawi, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2009 | 24.8% | — |
| 2010 | 26.4% | +6.2% |
| 2011 | 30.4% | +15.3% |
| 2012 | 35.2% | +15.9% |
| 2013 | 27.9% | -20.7% |
| 2014 | 35.6% | +27.4% |
| 2015 | 38.7% | +8.8% |
| 2016 | 38.2% | -1.3% |
| 2017 | 38.6% | +0.9% |
| 2018 | 42.0% | +8.9% |
| 2019 | 40.7% | -3.2% |
| 2020 | 40.0% | -1.6% |
| 2021 | 38.4% | -4.1% |
| 2022 | 35.8% | -6.9% |
| 2023 | 36.1% | +0.9% |
| 2024 | 39.2% | +8.7% |
Malawi compared with similar countries
- Malawi's 39.2% is above the median for low income countries, which is 22.4%, 1.7× the median. (15 countries reporting)
- Malawi's 39.2% is above the median for Sub-Saharan Africa, which is 25.5%, 1.5× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.8% | 24.8% | 24.8% | 1 |
| 2010s | 35.4% | 26.4% | 42.0% | 10 |
| 2020s | 37.9% | 35.8% | 40.0% | 5 |
Countries ranked near Malawi
- 13 United Kingdom of Great Britain and Northern Ireland 40.6% compare
- 14 Armenia 39.6% compare
- 15 Ghana 39.5% compare
- 17 Mozambique 39.1% compare
- 18 Singapore 39.0% compare
- 19 Congo, Democratic Republic of the 38.8% compare
More public sector data for Malawi
- Arms imports 19.00 million SIPRI trend indicator values (2022)
- Arms imports (SIPRI trend indicator values), per capita 0.9237 SIPRI trend indicator values per person (2022)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0015 SIPRI trend indicator values per US$ of GDP (2022)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2016)
- Arms imports (SIPRI trend indicator values), gaps filled 19.00 million SIPRI trend indicator values (2022)
- Military expenditure (current USD), per capita 5.43 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -21.39 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 117.59 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 201.53 SIPRI trend indicator values per square kilometre (2022)
Frequently asked questions
- What is taxes on income, profits and capital gains in Malawi?
- Taxes on income, profits and capital gains in Malawi was 39.2% 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 Malawi?
- The highest recorded value was 42.0% in 2018.
- What is the lowest taxes on income, profits and capital gains recorded in Malawi?
- The lowest recorded value was 24.8% in 2009.
- How does Malawi rank for taxes on income, profits and capital gains?
- Malawi ranks 16th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Malawi?
- Over the last ten years it is up 10.2%. The long-run trend across the full record is rising.
- Where does this Malawi 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.