Iceland vs United Kingdom of Great Britain and Northern Ireland: Tax revenue
Tax revenue over time
- Iceland
- United Kingdom of Great Britain and Northern Ireland
How they compare
Iceland currently reports 1.01 trillion current LCU against 777.48 billion current LCU in United Kingdom of Great Britain and Northern Ireland, a difference of 235.21 billion current LCU.
That makes Iceland's figure about 1.3 times United Kingdom of Great Britain and Northern Ireland's.
The two have swapped places 1 time across 52 shared years of data; in 1972 it was United Kingdom of Great Britain and Northern Ireland ahead.
Iceland ranks 53rd and United Kingdom of Great Britain and Northern Ireland ranks 56th of 157 countries.
Across the 6 decades both report, Iceland averaged higher in 2 and United Kingdom of Great Britain and Northern Ireland in 4.
Head to head by decade
| Decade | Iceland | United Kingdom of Great Britain and Northern Ireland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 809.84 million current LCU | 28.74 billion current LCU | 27.93 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 1980s | 28.82 billion current LCU | 91.47 billion current LCU | 62.65 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 1990s | 112.04 billion current LCU | 196.27 billion current LCU | 84.23 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 2000s | 266.71 billion current LCU | 345.47 billion current LCU | 78.76 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 2010s | 545.61 billion current LCU | 480.96 billion current LCU | 64.65 billion current LCU | Iceland |
| 2020s | 811.21 billion current LCU | 637.53 billion current LCU | 173.69 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Iceland or United Kingdom of Great Britain and Northern Ireland?
- Iceland, at 1.01 trillion current LCU against 777.48 billion current LCU in United Kingdom of Great Britain and Northern Ireland as of 2023.
- What is the difference in tax revenue between Iceland and United Kingdom of Great Britain and Northern Ireland?
- 235.21 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Iceland and United Kingdom of Great Britain and Northern Ireland?
- 52 years are reported by both, from 1972 to 2023.
- How do Iceland and United Kingdom of Great Britain and Northern Ireland rank globally for tax revenue?
- Iceland ranks 53rd and United Kingdom of Great Britain and Northern Ireland ranks 56th 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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About this data
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.