Taxes on income, profits and capital gains in Armenia
Armenia: Taxes on income, profits and capital gains was 43.2% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Armenia is 43.2%, measured in 2024.
Compared with earlier readings it is up 4.9% on the previous year and up 10.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Armenia peaked at 44.1% in 2016 and was at its lowest, 19.6%, in 2004.
That places Armenia 54th out of 153 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on income, profits and capital gains in Armenia, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 2004 | 19.6% | — |
| 2005 | 22.8% | +15.9% |
| 2006 | 26.4% | +15.8% |
| 2007 | 24.3% | -7.7% |
| 2008 | 22.6% | -6.9% |
| 2009 | 27.4% | +21.0% |
| 2010 | 25.7% | -6.2% |
| 2011 | 27.5% | +7.1% |
| 2012 | 28.2% | +2.4% |
| 2013 | 40.2% | +42.5% |
| 2014 | 39.2% | -2.4% |
| 2015 | 40.5% | +3.3% |
| 2016 | 44.1% | +8.9% |
| 2017 | 40.6% | -7.9% |
| 2018 | 43.6% | +7.5% |
| 2019 | 40.5% | -7.1% |
| 2020 | 41.4% | +2.2% |
| 2021 | 37.9% | -8.6% |
| 2022 | 37.6% | -0.7% |
| 2023 | 41.2% | +9.6% |
| 2024 | 43.2% | +4.9% |
Armenia compared with similar countries
- Armenia's 43.2% is above the median for upper middle income countries, which is 37.1%, 1.2× the median. (48 countries reporting)
- Armenia's 43.2% is above the median for Europe & Central Asia, which is 39.4%, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.9% | 19.6% | 27.4% | 6 |
| 2010s | 37.0% | 25.7% | 44.1% | 10 |
| 2020s | 40.3% | 37.6% | 43.2% | 5 |
Countries ranked near Armenia
More public sector data for Armenia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Armenia?
- Taxes on income, profits and capital gains in Armenia was 43.2% 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 Armenia?
- The highest recorded value was 44.1% in 2016.
- What is the lowest taxes on income, profits and capital gains recorded in Armenia?
- The lowest recorded value was 19.6% in 2004.
- How does Armenia rank for taxes on income, profits and capital gains?
- Armenia ranks 54th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Armenia?
- Over the last ten years it is up 10.4%. The long-run trend across the full record is rising.
- Where does this Armenia 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.