Belgium vs Iceland: Tax revenue
Belgium
23.0%
in 2024
Iceland
23.2%
in 2023
Belgium rank
30th
Iceland rank
29th
Tax revenue over time
- Belgium
- Iceland
How they compare
Iceland currently reports 23.2% against 23.0% in Belgium, a difference of 0.2%.
The two have swapped places 7 times across 29 shared years of data; in 1995 it was Belgium ahead.
Belgium ranks 30th and Iceland ranks 29th of 157 countries.
Belgium has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Belgium | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 26.5% | 23.0% | 3.5% | Belgium |
| 2000s | 25.5% | 23.9% | 1.6% | Belgium |
| 2010s | 24.4% | 23.5% | 0.9% | Belgium |
| 2020s | 22.5% | 22.1% | 0.4% | Belgium |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Belgium or Iceland?
- Iceland, at 23.2% against 23.0% in Belgium as of 2023.
- What is the difference in tax revenue between Belgium and Iceland?
- 0.2%, with Iceland ahead.
- How many years of comparable data are there for Belgium and Iceland?
- 29 years are reported by both, from 1995 to 2023.
- How do Belgium and Iceland rank globally for tax revenue?
- Belgium ranks 30th and Iceland ranks 29th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.