Taxes on income, profits and capital gains in Senegal
Senegal: Taxes on income, profits and capital gains was 24.7% in 2023. ▲ Rising
Taxes on income, profits and capital gains in Senegal, 2015–2023
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 Senegal is 24.7%, measured in 2023.
That represents a change of down 0.7% on the previous year and up 27.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Senegal peaked at 24.9% in 2022 and was at its lowest, 18.6%, in 2017.
That places Senegal 71st out of 153 countries with data for 2023, putting it in the middle of the range.
Taxes on income, profits and capital gains in Senegal, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2015 | 19.4% | — |
| 2016 | 20.5% | +6.1% |
| 2017 | 18.6% | -9.3% |
| 2018 | 19.3% | +3.4% |
| 2019 | 21.9% | +13.6% |
| 2020 | 23.5% | +7.3% |
| 2021 | 23.5% | +0.3% |
| 2022 | 24.9% | +5.6% |
| 2023 | 24.7% | -0.7% |
Senegal compared with similar countries
- Senegal's 24.7% is below the median for lower middle income countries, which is 25.8%, 96% of the median. (35 countries reporting)
- Senegal's 24.7% is below the median for Sub-Saharan Africa, which is 25.5%, 97% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 19.9% | 18.6% | 21.9% | 5 |
| 2020s | 24.1% | 23.5% | 24.9% | 4 |
Countries ranked near Senegal
- 68 Bangladesh 25.8% compare
- 69 Rwanda 25.5% compare
- 70 Switzerland 25.1% compare
- 72 Saint Vincent and the Grenadines 24.7%
- 73 Portugal 24.5% compare
- 74 Belize 24.4%
More public sector data for Senegal
- Arms imports 77.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.16 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0024 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -55.23 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 77.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 27.83 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.016 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.69 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 514.94 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 893.37 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Senegal?
- Taxes on income, profits and capital gains in Senegal was 24.7% 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 Senegal?
- The highest recorded value was 24.9% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Senegal?
- The lowest recorded value was 18.6% in 2017.
- How does Senegal rank for taxes on income, profits and capital gains?
- Senegal ranks 71st out of 153 countries with data for 2023.
- Is taxes on income, profits and capital gains rising or falling in Senegal?
- Over the last ten years it is up 27.6%. The long-run trend across the full record is rising.
- Where does this Senegal 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.