Iceland vs Least developed countries: Tax revenue
Tax revenue over time
- Iceland
- Least developed countries
How they compare
Iceland currently reports 23.2% against 10.6% in Least developed countries, a difference of 12.6%.
That makes Iceland's figure about 2.2 times Least developed countries's.
Across all 13 years both countries report, Iceland has been ahead every year.
Iceland ranks 29th and Least developed countries ranks 26th of 157 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Least developed countries | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 19.8% | 10.0% | 9.9% | Iceland |
| 2010s | 23.5% | 10.3% | 13.2% | Iceland |
| 2020s | 21.5% | 11.3% | 10.2% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Iceland or Least developed countries?
- Iceland, at 23.2% against 10.6% in Least developed countries as of 2023.
- What is the difference in tax revenue between Iceland and Least developed countries?
- 12.6%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Least developed countries?
- 13 years are reported by both, from 2009 to 2021.
- How do Iceland and Least developed countries rank globally for tax revenue?
- Iceland ranks 29th and Least developed countries ranks 26th 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.