Paying taxes: Profit tax in Georgia
Georgia: Paying taxes: Profit tax was 7.8% in 2019. ▼ Falling
Paying taxes: Profit tax in Georgia, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
Georgia recorded 7.8% for paying taxes: profit tax in 2019. That is the lowest value across all 15 years on record.
That represents a change of down 41.4% over ten years.
Over the whole period, paying taxes: profit tax in Georgia peaked at 14.3% in 2011 and was at its lowest, 7.8%, in 2018.
That places Georgia 156th out of 190 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in Georgia, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 9.8% | — |
| 2006 | 14.1% | +43.9% |
| 2007 | 14.1% | +0.0% |
| 2008 | 14.1% | +0.0% |
| 2009 | 13.3% | -5.7% |
| 2010 | 13.3% | +0.0% |
| 2011 | 14.3% | +7.5% |
| 2012 | 14.3% | +0.0% |
| 2013 | 14.3% | +0.0% |
| 2014 | 14.3% | +0.0% |
| 2015 | 14.3% | +0.0% |
| 2016 | 14.3% | +0.0% |
| 2017 | 14.3% | +0.0% |
| 2018 | 7.8% | -45.5% |
| 2019 | 7.8% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.1% | 9.8% | 14.1% | 5 |
| 2010s | 12.9% | 7.8% | 14.3% | 10 |
Countries ranked near Georgia
More reference data data for Georgia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.097 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.684 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 1.01 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0278 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 1.01 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.3252 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2904 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.69 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.28 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1515 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Georgia?
- Paying taxes: profit tax in Georgia was 7.8% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Georgia?
- The highest recorded value was 14.3% in 2011.
- What is the lowest paying taxes: profit tax recorded in Georgia?
- The lowest recorded value was 7.8% in 2018.
- How does Georgia rank for paying taxes: profit tax?
- Georgia ranks 156th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Georgia?
- Over the last ten years it is down 41.4%. The long-run trend across the full record is falling.
- Where does this Georgia data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.