Taxes on income, profits and capital gains in World
World: Taxes on income, profits and capital gains was 26.4% in 2024. ▲ Rising
Taxes on income, profits and capital gains in World, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
World recorded 26.4% for taxes on income, profits and capital gains in 2024.
That represents a change of down 1.4% on the previous year and up 22.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in World peaked at 26.8% in 2023 and was at its lowest, 20.3%, in 2006.
That places World 21st 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 26 years of available data.
Taxes on income, profits and capital gains in World, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1998 | 20.7% | — |
| 1999 | 20.7% | +0.3% |
| 2001 | 21.4% | +3.2% |
| 2002 | 21.4% | -0.1% |
| 2003 | 20.8% | -2.8% |
| 2004 | 20.7% | -0.1% |
| 2005 | 20.6% | -0.8% |
| 2006 | 20.3% | -1.4% |
| 2007 | 20.8% | +2.7% |
| 2008 | 21.7% | +4.3% |
| 2009 | 21.5% | -1.3% |
| 2010 | 21.0% | -2.0% |
| 2011 | 21.3% | +1.2% |
| 2012 | 21.2% | -0.4% |
| 2013 | 21.4% | +1.0% |
| 2014 | 21.5% | +0.4% |
| 2015 | 23.0% | +6.8% |
| 2016 | 22.4% | -2.3% |
| 2017 | 22.8% | +1.4% |
| 2018 | 24.2% | +6.2% |
| 2019 | 23.7% | -1.8% |
| 2020 | 24.3% | +2.4% |
| 2021 | 24.6% | +1.4% |
| 2022 | 26.5% | +7.7% |
| 2023 | 26.8% | +0.9% |
| 2024 | 26.4% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.7% | 20.7% | 20.7% | 2 |
| 2000s | 21.0% | 20.3% | 21.7% | 9 |
| 2010s | 22.3% | 21.0% | 24.2% | 10 |
| 2020s | 25.7% | 24.3% | 26.8% | 5 |
Countries ranked near World
More public sector data for World
- Arms imports 28.82 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.54 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 -2.86 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 28.82 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 325.74 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0237 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 11.18 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 2.65 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 228.6 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in World?
- Taxes on income, profits and capital gains in World was 26.4% 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 World?
- The highest recorded value was 26.8% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in World?
- The lowest recorded value was 20.3% in 2006.
- How does World rank for taxes on income, profits and capital gains?
- World ranks 21st out of 41 groups with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in World?
- Over the last ten years it is up 22.6%. The long-run trend across the full record is rising.
- Where does this World 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.