Taxes on income, profits and capital gains in Namibia
Namibia: Taxes on income, profits and capital gains was 36.8% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Namibia, 1990–2024
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 Namibia is 36.8%, measured in 2024.
Compared with earlier readings it is down 1.0% on the previous year and up 3.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Namibia peaked at 42.4% in 2002 and was at its lowest, 22.7%, in 1991.
Namibia ranks 22nd of 153 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Taxes on income, profits and capital gains in Namibia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 32.6% | — |
| 1991 | 22.7% | -30.6% |
| 1992 | 27.5% | +21.2% |
| 1993 | 30.1% | +9.4% |
| 1994 | 28.2% | -6.1% |
| 1995 | 26.7% | -5.4% |
| 1996 | 29.0% | +8.7% |
| 1997 | 35.1% | +20.7% |
| 1998 | 33.1% | -5.5% |
| 1999 | 31.9% | -3.6% |
| 2000 | 31.8% | -0.4% |
| 2001 | 37.0% | +16.3% |
| 2002 | 42.4% | +14.8% |
| 2003 | 37.1% | -12.5% |
| 2004 | 35.5% | -4.4% |
| 2005 | 35.0% | -1.5% |
| 2006 | 32.3% | -7.7% |
| 2007 | 32.6% | +0.8% |
| 2008 | 34.4% | +5.8% |
| 2009 | 33.9% | -1.6% |
| 2010 | 42.4% | +25.2% |
| 2011 | 38.8% | -8.6% |
| 2012 | 38.3% | -1.3% |
| 2013 | 33.1% | -13.4% |
| 2014 | 35.6% | +7.5% |
| 2015 | 36.4% | +2.3% |
| 2016 | 39.7% | +9.2% |
| 2017 | 37.9% | -4.6% |
| 2018 | 38.1% | +0.6% |
| 2019 | 37.3% | -2.3% |
| 2020 | 37.4% | +0.4% |
| 2021 | 40.5% | +8.3% |
| 2022 | 38.4% | -5.3% |
| 2023 | 37.1% | -3.3% |
| 2024 | 36.8% | -1.0% |
Namibia compared with similar countries
- Namibia's 36.8% is above the median for lower middle income countries, which is 25.8%, 1.4× the median. (35 countries reporting)
- Namibia's 36.8% is above the median for Sub-Saharan Africa, which is 25.5%, 1.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.7% | 22.7% | 35.1% | 10 |
| 2000s | 35.2% | 31.8% | 42.4% | 10 |
| 2010s | 37.8% | 33.1% | 42.4% | 10 |
| 2020s | 38.0% | 36.8% | 40.5% | 5 |
Countries ranked near Namibia
- 19 Congo, Democratic Republic of the 38.8% compare
- 20 Georgia 38.5% compare
- 21 Indonesia 37.4% compare
- 23 Belgium 35.9% compare
- 24 Luxembourg 35.6% compare
- 25 Netherlands 35.5% compare
More public sector data for Namibia
- Arms imports 54.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 17.82 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -77.78 % change on previous year (2014)
- Arms imports (SIPRI trend indicator values), gaps filled 54.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 119.6 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0266 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 362.39 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 42.51 SIPRI trend indicator values per square kilometre (2017)
Frequently asked questions
- What is taxes on income, profits and capital gains in Namibia?
- Taxes on income, profits and capital gains in Namibia was 36.8% 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 Namibia?
- The highest recorded value was 42.4% in 2002.
- What is the lowest taxes on income, profits and capital gains recorded in Namibia?
- The lowest recorded value was 22.7% in 1991.
- How does Namibia rank for taxes on income, profits and capital gains?
- Namibia ranks 22nd out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Namibia?
- Over the last ten years it is up 3.3%. The long-run trend across the full record is rising.
- Where does this Namibia 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.