Australia: Taxes on income, profits and capital gains (% of total taxes)

Key figures

What the numbers say

In 2022, Australia's taxes on income, profits and capital gains (% of total taxes) rose 3.49 percentage points on 2021 (from 73.15% to 76.64%).

Across the 30 yearly changes before that (1992 to 2021), the average change was +0.04 percentage points and a typical year strayed about 1.37 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 3.49 percentage points in 2022 and the biggest yearly fall was 4.2 percentage points in 2001. 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 0.43 percentage points a year. A straight line explains 67% 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.

Closest to Australia in the 2022 ranking

• Timor-Leste — 1st of 8: 81.75%
• Equatorial Guinea — 2nd of 8: 79.21%
• Congo, Dem. Rep. — 4th of 8: 59.81%
• India — 5th of 8: 47.15%
• Ecuador — 6th of 8: 29.21%

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 51 values

Taxes on income, profits and capital gains (% of total taxes) in nearby economies

• Cambodia — 36.98% (2023)
• China — 37.15% (2024)
• Fiji — 32.59% (2024)
• Kiribati — 37.81% (2023)
• Korea, Rep. — 54.77% (2024)
• Lao PDR — 23.61% (2022)
• Macao SAR, China — 9.92% (2024)
• Malaysia — 64.28% (2024)
• Marshall Islands — 39.94% (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

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Questions people ask

What is Australia's taxes on income, profits and capital gains (% of total taxes)?

76.64% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 9.96 percentage points from 66.68% in 1972. The highest value was 76.64% in 2022 and the lowest 66.03% in 1984.

Is the latest change in taxes on income, profits and capital gains (% of total taxes) unusual for Australia?

In 2022, Australia's taxes on income, profits and capital gains (% of total taxes) rose 3.49 percentage points on 2021 (from 73.15% to 76.64%). Across the 30 yearly changes before that (1992 to 2021), the average change was +0.04 percentage points and a typical year strayed about 1.37 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.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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