Taxes on income, profits and capital gains in Middle income
Middle income: Taxes on income, profits and capital gains was 28.5% in 2023. ▲ Rising
Taxes on income, profits and capital gains in Middle income, 2002–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Middle income recorded 28.5% for taxes on income, profits and capital gains in 2023. That is the highest value across all 22 years on record.
The figure is up 6.7% on the previous year and up 16.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Middle income peaked at 28.5% in 2023 and was at its lowest, 18.7%, in 2007.
That places Middle income 11th out of 41 groups with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Taxes on income, profits and capital gains in Middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2002 | 20.4% | — |
| 2003 | 20.4% | -0.2% |
| 2004 | 20.3% | -0.6% |
| 2005 | 19.8% | -2.3% |
| 2006 | 19.9% | +0.3% |
| 2007 | 18.7% | -5.7% |
| 2008 | 21.0% | +12.0% |
| 2009 | 21.6% | +3.1% |
| 2010 | 24.8% | +14.5% |
| 2011 | 22.7% | -8.5% |
| 2012 | 22.3% | -1.5% |
| 2013 | 24.5% | +9.7% |
| 2014 | 24.3% | -0.9% |
| 2015 | 25.0% | +2.9% |
| 2016 | 23.9% | -4.4% |
| 2017 | 23.9% | +0.1% |
| 2018 | 25.3% | +6.1% |
| 2019 | 24.6% | -2.8% |
| 2020 | 26.2% | +6.6% |
| 2021 | 25.1% | -4.3% |
| 2022 | 26.7% | +6.4% |
| 2023 | 28.5% | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.3% | 18.7% | 21.6% | 8 |
| 2010s | 24.1% | 22.3% | 25.3% | 10 |
| 2020s | 26.7% | 25.1% | 28.5% | 4 |
Countries ranked near Middle income
More public sector data for Middle income
- Arms imports 11.09 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.85 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 -22.08 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.09 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 113.52 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 6.27 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 678.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 224.76 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Middle income?
- Taxes on income, profits and capital gains in Middle income was 28.5% 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 Middle income?
- The highest recorded value was 28.5% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Middle income?
- The lowest recorded value was 18.7% in 2007.
- How does Middle income rank for taxes on income, profits and capital gains?
- Middle income ranks 11th out of 41 groups with data for 2023.
- Is taxes on income, profits and capital gains rising or falling in Middle income?
- Over the last ten years it is up 16.4%. The long-run trend across the full record is rising.
- Where does this 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.