Taxes on income, profits and capital gains in Saudi Arabia
Saudi Arabia: Taxes on income, profits and capital gains was 2.5% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Saudi Arabia, 2010–2024
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 Saudi Arabia is 2.5%, measured in 2024.
Compared with earlier readings it is down 21.3% on the previous year and up 87.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Saudi Arabia peaked at 3.2% in 2023 and was at its lowest, 0.8%, in 2011.
Saudi Arabia ranks 150th of 153 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Taxes on income, profits and capital gains in Saudi Arabia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2010 | 1.0% | — |
| 2011 | 0.8% | -11.9% |
| 2012 | 1.0% | +18.4% |
| 2013 | 1.1% | +5.9% |
| 2014 | 1.3% | +26.0% |
| 2015 | 2.4% | +78.0% |
| 2016 | 2.8% | +18.4% |
| 2017 | 2.0% | -28.2% |
| 2018 | 1.8% | -8.8% |
| 2019 | 1.9% | +0.4% |
| 2020 | 2.3% | +24.8% |
| 2021 | 1.8% | -20.2% |
| 2022 | 1.9% | +4.4% |
| 2023 | 3.2% | +65.1% |
| 2024 | 2.5% | -21.3% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 2.5% is below the median for high income countries, which is 24.5%, 10% of the median. (55 countries reporting)
- Saudi Arabia's 2.5% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 19.3%, 13% of the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.6% | 0.8% | 2.8% | 10 |
| 2020s | 2.4% | 1.8% | 3.2% | 5 |
Countries ranked near Saudi Arabia
More public sector data for Saudi Arabia
- Arms imports 1.11 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 31.47 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0009 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -14.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.11 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,276 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0641 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 3.3 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 80.33 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 602.88 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Saudi Arabia?
- Taxes on income, profits and capital gains in Saudi Arabia was 2.5% 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 Saudi Arabia?
- The highest recorded value was 3.2% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Saudi Arabia?
- The lowest recorded value was 0.8% in 2011.
- How does Saudi Arabia rank for taxes on income, profits and capital gains?
- Saudi Arabia ranks 150th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Saudi Arabia?
- Over the last ten years it is up 87.3%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia 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.