Hungary vs Iceland: Tax revenue
Hungary
22.7%
in 2024
Iceland
23.2%
in 2023
Hungary rank
32nd
Iceland rank
29th
Tax revenue over time
- Hungary
- Iceland
How they compare
Iceland currently reports 23.2% against 22.7% in Hungary, a difference of 0.5%.
The two have swapped places 7 times across 43 shared years of data; in 1981 it was Hungary ahead.
Hungary ranks 32nd and Iceland ranks 29th of 157 countries.
Across the 5 decades both report, Hungary averaged higher in 3 and Iceland in 2.
Head to head by decade
| Decade | Hungary | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 33.4% | 20.8% | 12.6% | Hungary |
| 1990s | 23.6% | 22.5% | 1.0% | Hungary |
| 2000s | 21.3% | 23.9% | 2.6% | Iceland |
| 2010s | 22.6% | 23.5% | 0.8% | Iceland |
| 2020s | 22.6% | 22.1% | 0.5% | Hungary |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Hungary or Iceland?
- Iceland, at 23.2% against 22.7% in Hungary as of 2023.
- What is the difference in tax revenue between Hungary and Iceland?
- 0.5%, with Iceland ahead.
- How many years of comparable data are there for Hungary and Iceland?
- 43 years are reported by both, from 1981 to 2023.
- How do Hungary and Iceland rank globally for tax revenue?
- Hungary ranks 32nd 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.
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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.