North America - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in North America was 51.89 as of 2020. Its highest value over the past 48 years was 59.36 in 1972, while its lowest value was 48.96 in 1991.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 59.36
1973 57.17
1974 56.78
1975 55.92
1976 55.64
1977 57.01
1978 57.86
1979 58.04
1980 56.56
1981 54.20
1982 52.67
1983 49.91
1984 49.49
1985 50.05
1986 50.09
1987 52.40
1988 51.49
1989 52.49
1990 51.68
1991 48.96
1992 49.10
1993 49.30
1994 49.69
1995 50.46
1996 52.62
1997 53.54
1998 54.58
1999 54.79
2000 55.95
2001 54.08
2002 50.54
2003 50.22
2004 51.64
2005 53.67
2006 55.10
2007 55.42
2008 54.24
2009 49.49
2010 50.20
2011 53.29
2012 53.28
2013 52.12
2014 53.59
2015 54.08
2016 54.12
2017 51.96
2018 53.34
2019 54.05
2020 51.89

Limitations and Exceptions: 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). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance