Taxes on income, profits and capital gains in Malawi
Malawi: Taxes on income, profits and capital gains was 51.3% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Malawi, 2009–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
In 2024, taxes on income, profits and capital gains in Malawi stood at 51.3%. That is the highest value across all 16 years on record.
The figure is up 4.3% on the previous year and up 14.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Malawi peaked at 51.3% in 2024 and was at its lowest, 40.8%, in 2009.
Malawi ranks 29th of 153 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on income, profits and capital gains in Malawi, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 2009 | 40.8% | — |
| 2010 | 42.0% | +2.9% |
| 2011 | 42.8% | +1.9% |
| 2012 | 44.6% | +4.2% |
| 2013 | 46.4% | +4.0% |
| 2014 | 44.8% | -3.4% |
| 2015 | 48.7% | +8.7% |
| 2016 | 48.4% | -0.4% |
| 2017 | 48.5% | +0.1% |
| 2018 | 48.0% | -1.0% |
| 2019 | 46.7% | -2.8% |
| 2020 | 47.3% | +1.4% |
| 2021 | 46.7% | -1.3% |
| 2022 | 47.0% | +0.7% |
| 2023 | 49.2% | +4.5% |
| 2024 | 51.3% | +4.3% |
Malawi compared with similar countries
- Malawi's 51.3% is above the median for low income countries, which is 29.5%, 1.7× the median. (15 countries reporting)
- Malawi's 51.3% is above the median for Sub-Saharan Africa, which is 33.6%, 1.5× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.8% | 40.8% | 40.8% | 1 |
| 2010s | 46.1% | 42.0% | 48.7% | 10 |
| 2020s | 48.3% | 46.7% | 51.3% | 5 |
Countries ranked near Malawi
More public sector data for Malawi
- Arms imports 19.00 million SIPRI trend indicator values (2022)
- Arms imports (SIPRI trend indicator values), per capita 0.9237 SIPRI trend indicator values per person (2022)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0015 SIPRI trend indicator values per US$ of GDP (2022)
- Arms imports (SIPRI trend indicator values), annual growth rate -100 % change on previous year (2016)
- Arms imports (SIPRI trend indicator values), gaps filled 19.00 million SIPRI trend indicator values (2022)
- Military expenditure (current USD), per capita 5.43 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -21.39 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 117.59 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 201.53 SIPRI trend indicator values per square kilometre (2022)
Frequently asked questions
- What is taxes on income, profits and capital gains in Malawi?
- Taxes on income, profits and capital gains in Malawi was 51.3% 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 Malawi?
- The highest recorded value was 51.3% in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Malawi?
- The lowest recorded value was 40.8% in 2009.
- How does Malawi rank for taxes on income, profits and capital gains?
- Malawi ranks 29th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Malawi?
- Over the last ten years it is up 14.5%. The long-run trend across the full record is rising.
- Where does this Malawi 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.
Download this data
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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.