Australia's taxes on income, profits and capital gains (% of revenue) was 67.86% in 2022, the latest year in the World Bank's World Development Indicators. That is up 2.34 percentage points from 65.52% in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 67.86% | 2022 |
| Five years earlier | 64.11% | 2017 |
| Ten years earlier | 65.52% | 2012 |
| Highest | 67.86% | 2022 |
| Lowest | 58.33% | 1972 |
| Average since 2013 | 64.9% | 2013–2022 |
| First recorded | 58.33% | 1972 |
What the numbers say
In 2022, Australia's taxes on income, profits and capital gains (% of revenue) rose 3.39 percentage points on 2021 (from 64.47% to 67.86%).
Across the 30 yearly changes before that (1992 to 2021), the average change was −0.06 percentage points and a typical year strayed about 1.39 percentage points from that (the standard deviation). This year's change was 2.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 3.39 percentage points in 2022 and the biggest yearly fall was 3.67 percentage points in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 the straight-line trend is upward, about 0.26 percentage points a year. A straight line explains 42% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Australia | 67.86% | 2022 |
| World | 26.06% | 2024 |
| East Asia & Pacific | 33.97% | 2023 |
| High income | 26.1% | 2024 |
Closest to Australia in the 2022 ranking
- Congo, Dem. Rep. — 2nd of 8: 38.83%
- India — 3rd of 8: 34.83%
- Timor-Leste — 4th of 8: 30.25%
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 revenue which includes all transactions that add to the amount of economic value of a unit or sector.
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).
Regional and income-group figures are computed by the World Bank as a median.
All 51 values
| Year | Taxes on income, profits and capital gains (% of revenue) |
|---|---|
| 2022 | 67.86 |
| 2021 | 64.47 |
| 2020 | 64.52 |
| 2019 | 65.86 |
| 2018 | 65.16 |
| 2017 | 64.11 |
| 2016 | 64.23 |
| 2015 | 64.89 |
| 2014 | 63.66 |
| 2013 | 64.2 |
| 2012 |
Taxes on income, profits and capital gains (% of revenue) in nearby economies
- Cambodia — 30.5% (2023)
- China — 17.46% (2024)
- Fiji — 27.76% (2024)
- Kiribati — 7.42% (2023)
- Korea, Rep. — 27.55% (2024)
- Lao PDR — 19.33% (2022)
- Macao SAR, China — 8.55% (2024)
- Malaysia — 47.56% (2024)
- Marshall Islands — 9.67% (2020)
More public sector data for Australia
- Arms imports (SIPRI trend indicator values) — 826 million (2025)
- Military expenditure (current USD) — 35.33 billion (2025)
- Military expenditure (current LCU) — 54.81 billion (2025)
- Military expenditure (% of GDP) — 1.92% (2025)
- Arms exports (SIPRI trend indicator values) — 108 million (2025)
- Net investment in nonfinancial assets (current LCU) — 19.74 billion (2022)
- Net investment in nonfinancial assets (% of GDP) — 0.84% (2022)
- Net lending (+) / net borrowing (-) (current LCU) — -31.49 billion (2022)
- Net lending (+) / net borrowing (-) (% of GDP) — -1.35% (2022)
Reading data like this
Questions people ask
- What is Australia's taxes on income, profits and capital gains (% of revenue)?
- 67.86% in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 9.53 percentage points from 58.33% in 1972. The highest value was 67.86% in 2022 and the lowest 58.33% in 1972.
- Is the latest change in taxes on income, profits and capital gains (% of revenue) unusual for Australia?
- In 2022, Australia's taxes on income, profits and capital gains (% of revenue) rose 3.39 percentage points on 2021 (from 64.47% to 67.86%). Across the 30 yearly changes before that (1992 to 2021), the average change was −0.06 percentage points and a typical year strayed about 1.39 percentage points from that (the standard deviation). This year's change was 2.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator GC.TAX.YPKG.RV.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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