Naoero's taxes on income, profits and capital gains (% of total taxes) was 52.16% in 2024, the latest year in the World Bank's World Development Indicators. That is down 14.32 percentage points from 66.48% in 2019.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 52.16% | 2024 |
| Five years earlier | 66.48% | 2019 |
| Highest | 75.23% | 2020 |
| Lowest | 37.23% | 2016 |
| Average since 2015 | 55.89% | 2015–2024 |
| First recorded | 38.07% | 2015 |
Over five years it is down 14.32 percentage points from 66.48% in 2019. Since 2015 it is up 14.09 percentage points from 38.07% in 2015.
What the numbers say
In 2024, Naoero's taxes on income, profits and capital gains (% of total taxes) fell 12.28 percentage points on 2023 (from 64.45% to 52.16%).
Across the 8 yearly changes before that (2016 to 2023), the average change was +3.3 percentage points and a typical year strayed about 8.35 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 17.54 percentage points in 2018 and the biggest yearly fall was 12.28 percentage points in 2024. 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 2.93 percentage points a year. A straight line explains 41% 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, Naoero had the 21st 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 Naoero in the 2024 ranking
- Mexico — 18th of 89: 54.17%
- France — 19th of 89: 53.79%
- United Kingdom — 20th of 89: 52.63%
- Malawi — 22nd of 89: 51.26%
- Singapore — 23rd of 89: 50.98%
- San Marino — 24th of 89: 50.39%
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 10 values
| Year | Taxes on income, profits and capital gains (% of total taxes) |
|---|---|
| 2024 | 52.16 |
| 2023 | 64.45 |
| 2022 | 63.22 |
| 2021 | 67.46 |
| 2020 | 75.23 |
| 2019 | 66.48 |
| 2018 | 56.05 |
| 2017 | 38.5 |
| 2016 | 37.23 |
| 2015 | 38.07 |
Taxes on income, profits and capital gains (% of total taxes) in nearby economies
- Australia — 76.64% (2022)
- 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)
More public sector data for Naoero
- Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 70 (2024)
- Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 63.46 (2024)
- Net investment in nonfinancial assets (current LCU) — 23.44 million (2024)
- Net investment in nonfinancial assets (% of GDP) — 9.16% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — 38.74 million (2024)
- Net lending (+) / net borrowing (-) (% of GDP) — 15.13% (2024)
- Grants and other revenue (current LCU) — 272.48 million (2024)
- Grants and other revenue (% of revenue) — 83.25% (2024)
- Revenue, excluding grants (current LCU)
Reading data like this
Questions people ask
- What is Naoero's taxes on income, profits and capital gains (% of total taxes)?
- 52.16% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2015?
- It is up 14.09 percentage points from 38.07% in 2015. The highest value was 75.23% in 2020 and the lowest 37.23% in 2016.
- How does Naoero rank?
- 21st 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 Naoero?
- In 2024, Naoero's taxes on income, profits and capital gains (% of total taxes) fell 12.28 percentage points on 2023 (from 64.45% to 52.16%). Across the 8 yearly changes before that (2016 to 2023), the average change was +3.3 percentage points and a typical year strayed about 8.35 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
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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