Taxes on income, profits and capital gains in South Asia (IDA & IBRD)
South Asia (IDA & IBRD): Taxes on income, profits and capital gains was 28.2% in 2023. ▲ Rising
Taxes on income, profits and capital gains in South Asia (IDA & IBRD), 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2023, taxes on income, profits and capital gains in South Asia (IDA & IBRD) stood at 28.2%.
The figure is down 8.2% on the previous year and up 28.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in South Asia (IDA & IBRD) peaked at 30.7% in 2022 and was at its lowest, 9.9%, in 1990.
South Asia (IDA & IBRD) ranks 12th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Taxes on income, profits and capital gains in South Asia (IDA & IBRD), year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 9.9% | — |
| 1991 | 11.5% | +16.8% |
| 1992 | 11.7% | +1.1% |
| 1993 | 12.8% | +10.0% |
| 1994 | 12.9% | +0.7% |
| 1995 | 11.8% | -8.5% |
| 1996 | 13.5% | +14.0% |
| 1997 | 12.5% | -7.1% |
| 1998 | 12.4% | -0.6% |
| 1999 | 14.8% | +18.8% |
| 2000 | 15.1% | +2.4% |
| 2001 | 15.3% | +0.9% |
| 2002 | 14.4% | -5.8% |
| 2003 | 12.6% | -12.5% |
| 2004 | 12.6% | +0.3% |
| 2005 | 12.5% | -0.7% |
| 2006 | 15.2% | +21.5% |
| 2007 | 17.6% | +15.7% |
| 2008 | 18.6% | +5.5% |
| 2009 | 19.2% | +3.5% |
| 2010 | 18.2% | -5.7% |
| 2011 | 19.7% | +8.5% |
| 2012 | 20.6% | +4.7% |
| 2013 | 21.9% | +6.4% |
| 2014 | 21.8% | -0.6% |
| 2015 | 23.0% | +5.5% |
| 2016 | 23.5% | +2.1% |
| 2017 | 23.2% | -1.0% |
| 2018 | 22.6% | -2.6% |
| 2019 | 22.5% | -0.5% |
| 2020 | 27.2% | +20.9% |
| 2021 | 24.6% | -9.7% |
| 2022 | 30.7% | +24.8% |
| 2023 | 28.2% | -8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.4% | 9.9% | 14.8% | 10 |
| 2000s | 15.3% | 12.5% | 19.2% | 10 |
| 2010s | 21.7% | 18.2% | 23.5% | 10 |
| 2020s | 27.7% | 24.6% | 30.7% | 4 |
Countries ranked near South Asia (IDA & IBRD)
More public sector data for South Asia (IDA & IBRD)
- Arms imports 1.26 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.7506 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -19.55 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.26 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 54.8 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0211 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.84 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 91.92 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 467.61 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in South Asia (IDA & IBRD)?
- Taxes on income, profits and capital gains in South Asia (IDA & IBRD) was 28.2% 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 South Asia (IDA & IBRD)?
- The highest recorded value was 30.7% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in South Asia (IDA & IBRD)?
- The lowest recorded value was 9.9% in 1990.
- How does South Asia (IDA & IBRD) rank for taxes on income, profits and capital gains?
- South Asia (IDA & IBRD) ranks 12th out of 41 groups with data for 2023.
- Is taxes on income, profits and capital gains rising or falling in South Asia (IDA & IBRD)?
- Over the last ten years it is up 28.5%. The long-run trend across the full record is rising.
- Where does this South Asia (IDA & IBRD) 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.