Iceland vs Middle income: Tax revenue
Iceland
23.2%
in 2023
Middle income
10.4%
in 2024
Iceland rank
29th
Middle income rank
28th
Tax revenue over time
- Iceland
- Middle income
How they compare
Iceland currently reports 23.2% against 10.4% in Middle income, a difference of 12.8%.
That makes Iceland's figure about 2.2 times Middle income's.
Across all 19 years both countries report, Iceland has been ahead every year.
Iceland ranks 29th and Middle income ranks 28th of 157 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.3% | 11.0% | 13.3% | Iceland |
| 2010s | 23.5% | 11.5% | 12.0% | Iceland |
| 2020s | 22.1% | 10.6% | 11.5% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Iceland or Middle income?
- Iceland, at 23.2% against 10.4% in Middle income as of 2023.
- What is the difference in tax revenue between Iceland and Middle income?
- 12.8%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Middle income?
- 19 years are reported by both, from 2005 to 2023.
- How do Iceland and Middle income rank globally for tax revenue?
- Iceland ranks 29th and Middle income ranks 28th 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.