Taxes on income, profits and capital gains in Small states
Small states: Taxes on income, profits and capital gains was 24.1% in 2022. ▲ Rising
Taxes on income, profits and capital gains in Small states, 1991–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2022, taxes on income, profits and capital gains in Small states stood at 24.1%.
That represents a change of down 2.3% on the previous year and up 10.7% over ten years.
Over the whole period, taxes on income, profits and capital gains in Small states peaked at 30.3% in 2011 and was at its lowest, 13.8%, in 1993.
Small states ranks 32nd of 41 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Taxes on income, profits and capital gains in Small states, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1991 | 19.8% | — |
| 1992 | 15.1% | -23.7% |
| 1993 | 13.8% | -8.5% |
| 1994 | 15.8% | +14.5% |
| 1995 | 19.6% | +23.7% |
| 1996 | 19.1% | -2.5% |
| 1997 | 18.5% | -3.2% |
| 1998 | 19.8% | +7.0% |
| 1999 | 26.2% | +32.4% |
| 2000 | 22.1% | -15.4% |
| 2001 | 23.8% | +7.4% |
| 2002 | 24.2% | +1.8% |
| 2003 | 26.9% | +10.9% |
| 2004 | 22.7% | -15.5% |
| 2005 | 20.9% | -7.7% |
| 2006 | 20.3% | -3.1% |
| 2007 | 21.0% | +3.4% |
| 2008 | 22.0% | +5.0% |
| 2009 | 24.4% | +10.9% |
| 2010 | 29.2% | +19.7% |
| 2011 | 30.3% | +3.8% |
| 2012 | 21.8% | -28.2% |
| 2013 | 24.4% | +12.0% |
| 2014 | 23.7% | -2.9% |
| 2015 | 24.1% | +1.5% |
| 2016 | 21.2% | -12.0% |
| 2017 | 22.8% | +7.9% |
| 2018 | 23.7% | +3.7% |
| 2019 | 24.0% | +1.3% |
| 2020 | 23.3% | -3.0% |
| 2021 | 24.7% | +6.1% |
| 2022 | 24.1% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.6% | 13.8% | 26.2% | 9 |
| 2000s | 22.8% | 20.3% | 26.9% | 10 |
| 2010s | 24.5% | 21.2% | 30.3% | 10 |
| 2020s | 24.0% | 23.3% | 24.7% | 3 |
Countries ranked near Small states
More public sector data for Small states
- Arms imports 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 8.25 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per square kilometre 215.46 SIPRI trend indicator values per square kilometre (2021)
- Tax revenue 20.5% (2019)
- Taxes on goods and services 33.4% (2022)
- Net investment in nonfinancial assets 3.0% (2019)
- Net lending (+) / net borrowing (-) -2.2% (2019)
- Interest payments 1.8% (2022)
- Grants and other revenue 12.8% (2022)
Frequently asked questions
- What is taxes on income, profits and capital gains in Small states?
- Taxes on income, profits and capital gains in Small states was 24.1% in 2022, 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 Small states?
- The highest recorded value was 30.3% in 2011.
- What is the lowest taxes on income, profits and capital gains recorded in Small states?
- The lowest recorded value was 13.8% in 1993.
- How does Small states rank for taxes on income, profits and capital gains?
- Small states ranks 32nd out of 41 groups with data for 2022.
- Is taxes on income, profits and capital gains rising or falling in Small states?
- Over the last ten years it is up 10.7%. The long-run trend across the full record is rising.
- Where does this Small states 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.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.