What is the difference in tax revenue between Denmark and Iceland?

36.33 billion current LCU, with Iceland ahead.

How many years of comparable data are there for Denmark and Iceland?

52 years are reported by both, from 1972 to 2023.

Where does this data come from?

Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Denmark vs Iceland: Tax revenue

Denmark

976.36 billion current LCU

in 2024

Iceland

1.01 trillion current LCU

in 2023

Denmark rank

54th

Iceland rank

53rd

Tax revenue over time

Denmark
Iceland

How they compare

Iceland currently reports 1.01 trillion current LCU against 976.36 billion current LCU in Denmark, a difference of 36.33 billion current LCU.

The two have swapped places 3 times across 52 shared years of data; in 1972 it was Denmark ahead.

Denmark ranks 54th and Iceland ranks 53rd of 157 countries.

Denmark has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade	Denmark	Iceland	Difference	Ahead
1970s	71.90 billion current LCU	809.84 million current LCU	71.09 billion current LCU	Denmark
1980s	189.36 billion current LCU	28.82 billion current LCU	160.54 billion current LCU	Denmark
1990s	320.67 billion current LCU	112.04 billion current LCU	208.63 billion current LCU	Denmark
2000s	501.52 billion current LCU	266.71 billion current LCU	234.80 billion current LCU	Denmark
2010s	687.17 billion current LCU	545.61 billion current LCU	141.56 billion current LCU	Denmark
2020s	865.26 billion current LCU	811.21 billion current LCU	54.05 billion current LCU	Denmark

Averages of every year both report within each decade.

Frequently asked questions

Which has higher tax revenue, Denmark or Iceland?: Iceland, at 1.01 trillion current LCU against 976.36 billion current LCU in Denmark as of 2023.
What is the difference in tax revenue between Denmark and Iceland?: 36.33 billion current LCU, with Iceland ahead.
How many years of comparable data are there for Denmark and Iceland?: 52 years are reported by both, from 1972 to 2023.
How do Denmark and Iceland rank globally for tax revenue?: Denmark ranks 54th and Iceland ranks 53rd of 157 countries.
Where does this data come from?: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Denmark vs Iceland: Tax revenue. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 17 August 2026, from https://public-sector.statizoid.com/compare/tax-revenue-current-lcu/denmark/iceland/

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About this data

Indicator: Tax revenue (current LCU)
Unit: current LCU
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 157 places, 4,711 data points, 1972–2024
Last refreshed: 06 August 2026

Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.