Somalia, Fed. Rep.—Taxes on Income, Profits & Capital Gains (% of rev)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #133 of 137Updated April 2026
Latest Value
4.0%
2024
YoY Change
+294.4%
2023 → 2024
Global Rank
#133
of 137 countries
Maximum
4.0%
2021
Minimum
1.0%
2023
CAGR
+16.2%
8 years
Last
4.0%
Previous
1.0%
Highest
4.0%
Lowest
1.0%
Source
World Bank World Development Indicators
Somalia, Fed. Rep.'s taxes on income, profits & capital gains (% of rev) was 4.0% in 2024, ranking #133 out of 137 countries. This represents a +294.4% change from 2023. Over the past 8 years, the highest recorded value was 4.0% (2021) and the lowest was 1.0% (2023). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 4.0% | +294.4% |
| 2023 | 1.0% | -59.8% |
| 2022 | 2.5% | -38.2% |
| 2021 | 4.0% | +64.7% |
| 2020 | 2.5% | -27.5% |
| 2019 | 3.4% | +8.2% |
| 2018 | 3.1% | +125.1% |
| 2017 | 1.4% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.2% | 2023 |
| 3 | New Zealand | 56.9% | 2023 |
| 4 | United States | 56.7% | 2024 |
| 5 | Canada | 54.6% | 2024 |
| 6 | Ireland | 49.7% | 2022 |
| 7 | Malaysia | 49.4% | 2023 |
| 8 | Denmark | 48.9% | 2023 |
| 9 | South Africa | 48.0% | 2023 |
| 10 | Nicaragua | 41.8% | 2023 |
About This Indicator
Definition
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.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).