Armenia's taxes on income, profits and capital gains (% of total taxes) was 43.24% in 2024, the latest year in the World Bank's World Development Indicators. That is up 4.06 percentage points from 39.18% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 43.24% | 2024 |
| Five years earlier | 40.54% | 2019 |
| Ten years earlier | 39.18% | 2014 |
| Highest | 44.07% | 2016 |
| Lowest | 19.63% | 2004 |
| Average since 2015 | 41.07% | 2015–2024 |
| First recorded | 19.63% | 2004 |
What the numbers say
In 2024, Armenia's taxes on income, profits and capital gains (% of total taxes) rose 2.02 percentage points on 2023 (from 41.22% to 43.24%).
Across the 19 yearly changes before that (2005 to 2023), the average change was +1.14 percentage points and a typical year strayed about 3.73 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 11.97 percentage points in 2013 and the biggest yearly fall was 3.58 percentage points in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Armenia had the 42nd highest value of the 89 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Armenia in the 2024 ranking
- Nicaragua — 38th of 89: 44.48%
- Czechia — 39th of 89: 43.9%
- Panama — 40th of 89: 43.71%
- Portugal — 42nd of 89: 42.27%
- Slovak Republic — 43rd of 89: 41.81%
- Philippines — 44th of 89: 40.33%
What this measures
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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 21 values
| Year | Taxes on income, profits and capital gains (% of total taxes) |
|---|---|
| 2024 | 43.24 |
| 2023 | 41.22 |
| 2022 | 37.59 |
| 2021 | 37.86 |
| 2020 | 41.44 |
| 2019 | 40.54 |
| 2018 | 43.64 |
| 2017 | 40.61 |
| 2016 | 44.07 |
| 2015 | 40.47 |
| 2014 |
Taxes on income, profits and capital gains (% of total taxes) in nearby economies
- Albania — 25.92% (2024)
- Austria — 49.76% (2024)
- Azerbaijan — 39.41% (2024)
- Belarus — 7.31% (2024)
- Belgium — 59.39% (2024)
- Bosnia and Herzegovina — 18.78% (2024)
- Bulgaria — 30.7% (2024)
- Croatia — 14.16% (2023)
- Cyprus — 44.63% (2024)
More public sector data for Armenia
- Military expenditure (current LCU) — 667.88 billion (2025)
- Military expenditure (% of GDP) — 6.09% (2025)
- Intentional homicides, female (per 100,000 female) — 0.7 (2023)
- Intentional homicides, male (per 100,000 male) — 3.95 (2023)
- Intentional homicides (per 100,000 people) — 2.21 (2023)
- Military expenditure (current USD) — 1.73 billion (2025)
- Armed forces personnel, total — 47,000 (2020)
- Armed forces personnel (% of total labor force) — 3.25% (2020)
- Net acquisition of financial assets (current LCU) — 30.16 billion (2024)
- Net acquisition of financial assets (% of GDP)
Reading data like this
Questions people ask
- What is Armenia's taxes on income, profits and capital gains (% of total taxes)?
- 43.24% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2004?
- It is up 23.61 percentage points from 19.63% in 2004. The highest value was 44.07% in 2016 and the lowest 19.63% in 2004.
- How does Armenia rank?
- 42nd highest of 89 economies with data for 2024.
- Is the latest change in taxes on income, profits and capital gains (% of total taxes) unusual for Armenia?
- In 2024, Armenia's taxes on income, profits and capital gains (% of total taxes) rose 2.02 percentage points on 2023 (from 41.22% to 43.24%). Across the 19 yearly changes before that (2005 to 2023), the average change was +1.14 percentage points and a typical year strayed about 3.73 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.TAX.YPKG.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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