Dominican Republic: Taxes on income, profits and capital gains (% of revenue)

Key figures

What the numbers say

In 2024, Dominican Republic's taxes on income, profits and capital gains (% of revenue) fell 0.14 percentage points on 2023 (from 29.48% to 29.34%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.5 percentage points and a typical year strayed about 2.71 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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 5.6 percentage points in 2012 and the biggest yearly fall was 7.08 percentage points in 2015. 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 the straight-line trend is upward, about 0.66 percentage points a year. A straight line explains 65% 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

In 2024, Dominican Republic had the 33rd 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 Dominican Republic in the 2024 ranking

• Chile — 30th of 89: 31.79%
• Tanzania — 31st of 89: 30.01%
• Thailand — 32nd of 89: 29.89%
• Angola — 34th of 89: 29.15%
• Panama — 35th of 89: 29.14%
• France — 36th of 89: 29.1%

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 53 values

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

• Argentina — 9.08% (2024)
• Barbados — 29.98% (2016)
• Belize — 24.37% (2017)
• Brazil — 34.18% (2024)
• Chile — 31.79% (2024)
• Colombia — 24.15% (2024)
• Costa Rica — 15.31% (2024)
• Ecuador — 12.35% (2022)
• El Salvador — 28.44% (2024)

More public sector data for Dominican Republic

• Military expenditure (current USD) — 1.04 billion (2025)
• Military expenditure (current LCU) — 64 billion (2025)
• Military expenditure (% of GDP) — 0.8% (2025)
• Grants and other revenue (current LCU) — 154.54 billion (2024)
• Grants and other revenue (% of revenue) — 11.93% (2024)
• Social contributions (current LCU) — 52.8 billion (2024)
• Social contributions (% of revenue) — 4.07% (2024)
• Revenue, excluding grants (current LCU) — 1.3 trillion (2024)
• Revenue, excluding grants (% of GDP) — 17.5% (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Dominican Republic's taxes on income, profits and capital gains (% of revenue)?

29.34% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 11.39 percentage points from 17.95% in 1972. The highest value was 29.48% in 2023 and the lowest 14.11% in 1994.

How does Dominican Republic rank?

33rd highest of 89 economies with data for 2024.

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

In 2024, Dominican Republic's taxes on income, profits and capital gains (% of revenue) fell 0.14 percentage points on 2023 (from 29.48% to 29.34%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.5 percentage points and a typical year strayed about 2.71 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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.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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