Taxes on income, profits and capital gains in Namibia
Namibia: Taxes on income, profits and capital gains was 38.6% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Namibia, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
Namibia recorded 38.6% for taxes on income, profits and capital gains in 2024.
Compared with earlier readings it is down 3.9% on the previous year and up 1.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Namibia peaked at 48.3% in 2002 and was at its lowest, 26.8%, in 1991.
Namibia ranks 70th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Taxes on income, profits and capital gains in Namibia, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 1990 | 39.4% | — |
| 1991 | 26.8% | -32.1% |
| 1992 | 32.8% | +22.3% |
| 1993 | 33.5% | +2.3% |
| 1994 | 32.9% | -1.9% |
| 1995 | 30.2% | -8.2% |
| 1996 | 32.9% | +9.1% |
| 1997 | 38.8% | +17.8% |
| 1998 | 36.9% | -4.7% |
| 1999 | 35.1% | -5.0% |
| 2000 | 35.0% | -0.4% |
| 2001 | 40.8% | +16.6% |
| 2002 | 48.3% | +18.4% |
| 2003 | 41.9% | -13.3% |
| 2004 | 38.8% | -7.2% |
| 2005 | 38.5% | -0.9% |
| 2006 | 36.1% | -6.3% |
| 2007 | 35.4% | -1.9% |
| 2008 | 38.3% | +8.2% |
| 2009 | 36.7% | -4.0% |
| 2010 | 46.3% | +26.1% |
| 2011 | 42.9% | -7.3% |
| 2012 | 41.3% | -3.8% |
| 2013 | 36.2% | -12.3% |
| 2014 | 38.1% | +5.1% |
| 2015 | 38.9% | +2.3% |
| 2016 | 41.6% | +6.8% |
| 2017 | 39.6% | -4.8% |
| 2018 | 40.6% | +2.5% |
| 2019 | 39.6% | -2.4% |
| 2020 | 39.8% | +0.5% |
| 2021 | 43.6% | +9.6% |
| 2022 | 44.2% | +1.4% |
| 2023 | 40.1% | -9.2% |
| 2024 | 38.6% | -3.9% |
Namibia compared with similar countries
- Namibia's 38.6% is above the median for lower middle income countries, which is 35.7%, 1.1× the median. (35 countries reporting)
- Namibia's 38.6% is above the median for Sub-Saharan Africa, which is 33.6%, 1.1× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.9% | 26.8% | 39.4% | 10 |
| 2000s | 39.0% | 35.0% | 48.3% | 10 |
| 2010s | 40.5% | 36.2% | 46.3% | 10 |
| 2020s | 41.3% | 38.6% | 44.2% | 5 |
Countries ranked near Namibia
More public sector data for Namibia
- Arms imports 54.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 17.82 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -77.78 % change on previous year (2014)
- Arms imports (SIPRI trend indicator values), gaps filled 54.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 119.6 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0266 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 362.39 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 42.51 SIPRI trend indicator values per square kilometre (2017)
Frequently asked questions
- What is taxes on income, profits and capital gains in Namibia?
- Taxes on income, profits and capital gains in Namibia was 38.6% 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 Namibia?
- The highest recorded value was 48.3% in 2002.
- What is the lowest taxes on income, profits and capital gains recorded in Namibia?
- The lowest recorded value was 26.8% in 1991.
- How does Namibia rank for taxes on income, profits and capital gains?
- Namibia ranks 70th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Namibia?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is rising.
- Where does this Namibia 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
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.