Taxes on income, profits and capital gains in North America
North America: Taxes on income, profits and capital gains was 55.1% in 2024. ▬ Flat
Taxes on income, profits and capital gains in North America, 1972–2024
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 North America stood at 55.1%.
The figure is down 0.9% on the previous year and up 2.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in North America peaked at 59.4% in 1972 and was at its lowest, 49.0%, in 1991.
North America ranks 1st of 41 groups on this measure, in the top 10%.
Taxes on income, profits and capital gains in North America, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 59.4% | — |
| 1973 | 57.2% | -3.7% |
| 1974 | 56.8% | -0.7% |
| 1975 | 55.9% | -1.5% |
| 1976 | 55.6% | -0.5% |
| 1977 | 57.0% | +2.5% |
| 1978 | 57.9% | +1.5% |
| 1979 | 58.0% | +0.3% |
| 1980 | 56.6% | -2.6% |
| 1981 | 54.2% | -4.2% |
| 1982 | 52.7% | -2.8% |
| 1983 | 49.9% | -5.2% |
| 1984 | 49.5% | -0.8% |
| 1985 | 50.0% | +1.1% |
| 1986 | 50.1% | +0.1% |
| 1987 | 52.4% | +4.6% |
| 1988 | 51.5% | -1.7% |
| 1989 | 52.5% | +1.9% |
| 1990 | 51.7% | -1.5% |
| 1991 | 49.0% | -5.3% |
| 1992 | 49.1% | +0.3% |
| 1993 | 49.3% | +0.4% |
| 1994 | 49.7% | +0.8% |
| 1995 | 50.5% | +1.6% |
| 1996 | 52.6% | +4.3% |
| 1997 | 53.5% | +1.8% |
| 1998 | 54.6% | +1.9% |
| 1999 | 54.8% | +0.4% |
| 2000 | 56.0% | +2.1% |
| 2001 | 54.1% | -3.3% |
| 2002 | 50.6% | -6.5% |
| 2003 | 50.2% | -0.6% |
| 2004 | 51.6% | +2.8% |
| 2005 | 53.7% | +3.9% |
| 2006 | 55.1% | +2.7% |
| 2007 | 55.4% | +0.6% |
| 2008 | 54.2% | -2.1% |
| 2009 | 49.5% | -8.8% |
| 2010 | 50.2% | +1.4% |
| 2011 | 53.3% | +6.1% |
| 2012 | 53.3% | -0.0% |
| 2013 | 52.2% | -2.1% |
| 2014 | 53.6% | +2.7% |
| 2015 | 54.1% | +1.0% |
| 2016 | 54.2% | +0.2% |
| 2017 | 52.0% | -4.0% |
| 2018 | 53.4% | +2.7% |
| 2019 | 53.3% | -0.3% |
| 2020 | 54.6% | +2.5% |
| 2021 | 55.9% | +2.3% |
| 2022 | 58.0% | +3.9% |
| 2023 | 55.6% | -4.2% |
| 2024 | 55.1% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 57.2% | 55.6% | 59.4% | 8 |
| 1980s | 51.9% | 49.5% | 56.6% | 10 |
| 1990s | 51.5% | 49.0% | 54.8% | 10 |
| 2000s | 53.0% | 49.5% | 56.0% | 10 |
| 2010s | 53.0% | 50.2% | 54.2% | 10 |
| 2020s | 55.8% | 54.6% | 58.0% | 5 |
Countries ranked near North America
- 1 Australia 67.9% compare
- 2 Papua New Guinea 59.4% compare
- 3 New Zealand 56.7% compare
- 4 United States 56.3% compare
More public sector data for North America
- Arms imports 1.36 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 56.45 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.36 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,692 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0325 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.84 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.03 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 48.39 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in North America?
- Taxes on income, profits and capital gains in North America was 55.1% 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 North America?
- The highest recorded value was 59.4% in 1972.
- What is the lowest taxes on income, profits and capital gains recorded in North America?
- The lowest recorded value was 49.0% in 1991.
- How does North America rank for taxes on income, profits and capital gains?
- North America ranks 1st out of 41 groups with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in North America?
- Over the last ten years it is up 2.8%. The long-run trend across the full record is flat.
- Where does this North America 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.