East Asia & Pacific (IDA & IBRD countries) vs Iceland: Tax revenue
Tax revenue over time
- East Asia & Pacific (IDA & IBRD countries)
- Iceland
How they compare
Iceland currently reports 23.2% against 7.7% in East Asia & Pacific (IDA & IBRD countries), a difference of 15.5%.
That makes Iceland's figure about 3.0 times East Asia & Pacific (IDA & IBRD countries)'s.
Across all 19 years both countries report, Iceland has been ahead every year.
East Asia & Pacific (IDA & IBRD countries) ranks 32nd and Iceland ranks 29th of 35 groups.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | East Asia & Pacific (IDA & IBRD countries) | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 9.9% | 24.3% | 14.4% | Iceland |
| 2010s | 9.9% | 23.5% | 13.6% | Iceland |
| 2020s | 8.3% | 22.1% | 13.8% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, East Asia & Pacific (IDA & IBRD countries) or Iceland?
- Iceland, at 23.2% against 7.7% in East Asia & Pacific (IDA & IBRD countries) as of 2023.
- What is the difference in tax revenue between East Asia & Pacific (IDA & IBRD countries) and Iceland?
- 15.5%, with Iceland ahead.
- How many years of comparable data are there for East Asia & Pacific (IDA & IBRD countries) and Iceland?
- 19 years are reported by both, from 2005 to 2023.
- How do East Asia & Pacific (IDA & IBRD countries) and Iceland rank globally for tax revenue?
- East Asia & Pacific (IDA & IBRD countries) ranks 32nd and Iceland ranks 29th of 35 groups.
- 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.
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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 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.