Taxes on income, profits and capital gains in Upper middle income
Upper middle income: Taxes on income, profits and capital gains was 25.4% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Upper middle income, 1996–2024
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 Upper middle income stood at 25.4%.
That represents a change of down 6.4% on the previous year and up 15.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Upper middle income peaked at 27.1% in 2023 and was at its lowest, 17.5%, in 2007.
That places Upper middle income 26th out of 41 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Taxes on income, profits and capital gains in Upper middle income, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1996 | 18.4% | — |
| 1997 | 18.6% | +0.8% |
| 1998 | 19.5% | +5.2% |
| 1999 | 19.9% | +1.9% |
| 2000 | 18.4% | -7.7% |
| 2002 | 19.9% | +8.3% |
| 2003 | 20.7% | +4.1% |
| 2004 | 19.0% | -8.1% |
| 2005 | 18.0% | -5.7% |
| 2006 | 19.8% | +10.5% |
| 2007 | 17.5% | -11.7% |
| 2008 | 19.8% | +13.1% |
| 2009 | 21.4% | +8.2% |
| 2010 | 24.2% | +12.9% |
| 2011 | 19.4% | -19.8% |
| 2012 | 21.2% | +9.3% |
| 2013 | 24.5% | +15.6% |
| 2014 | 22.1% | -10.0% |
| 2015 | 20.9% | -5.4% |
| 2016 | 21.9% | +5.0% |
| 2017 | 21.2% | -3.4% |
| 2018 | 21.3% | +0.6% |
| 2019 | 22.8% | +7.1% |
| 2020 | 23.9% | +4.8% |
| 2021 | 23.1% | -3.6% |
| 2022 | 22.9% | -0.7% |
| 2023 | 27.1% | +18.5% |
| 2024 | 25.4% | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.1% | 18.4% | 19.9% | 4 |
| 2000s | 19.4% | 17.5% | 21.4% | 9 |
| 2010s | 22.0% | 19.4% | 24.5% | 10 |
| 2020s | 24.5% | 22.9% | 27.1% | 5 |
Countries ranked near Upper middle income
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 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 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Upper middle income?
- Taxes on income, profits and capital gains in Upper middle income was 25.4% 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 Upper middle income?
- The highest recorded value was 27.1% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Upper middle income?
- The lowest recorded value was 17.5% in 2007.
- How does Upper middle income rank for taxes on income, profits and capital gains?
- Upper middle income ranks 26th out of 41 groups with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Upper middle income?
- Over the last ten years it is up 15.1%. The long-run trend across the full record is rising.
- Where does this Upper middle income 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.