Iceland vs Late-demographic dividend: Tax revenue
Tax revenue over time
- Iceland
- Late-demographic dividend
How they compare
Iceland currently reports 23.2% against 9.4% in Late-demographic dividend, a difference of 13.8%.
That makes Iceland's figure about 2.5 times Late-demographic dividend's.
Across all 19 years both countries report, Iceland has been ahead every year.
Iceland ranks 29th and Late-demographic dividend ranks 31st of 157 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Late-demographic dividend | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.3% | 11.6% | 12.7% | Iceland |
| 2010s | 23.5% | 11.2% | 12.3% | Iceland |
| 2020s | 22.1% | 10.0% | 12.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Iceland or Late-demographic dividend?
- Iceland, at 23.2% against 9.4% in Late-demographic dividend as of 2023.
- What is the difference in tax revenue between Iceland and Late-demographic dividend?
- 13.8%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Late-demographic dividend?
- 19 years are reported by both, from 2005 to 2023.
- How do Iceland and Late-demographic dividend rank globally for tax revenue?
- Iceland ranks 29th and Late-demographic dividend ranks 31st 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.