Iceland vs Solomon Islands: Tax revenue
Iceland
23.2%
in 2023
Solomon Islands
23.3%
in 2024
Iceland rank
29th
Solomon Islands rank
27th
Tax revenue over time
- Iceland
- Solomon Islands
How they compare
Solomon Islands currently reports 23.3% against 23.2% in Iceland, a difference of 0.1%.
The two have swapped places 3 times across 13 shared years of data; in 2011 it was Solomon Islands ahead.
Iceland ranks 29th and Solomon Islands ranks 27th of 157 countries.
Across the 2 decades both report, Iceland averaged higher in 1 and Solomon Islands in 1.
Head to head by decade
| Decade | Iceland | Solomon Islands | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 23.9% | 25.1% | 1.2% | Solomon Islands |
| 2020s | 22.1% | 21.8% | 0.3% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Iceland or Solomon Islands?
- Solomon Islands, at 23.3% against 23.2% in Iceland as of 2024.
- What is the difference in tax revenue between Iceland and Solomon Islands?
- 0.1%, with Solomon Islands ahead.
- How many years of comparable data are there for Iceland and Solomon Islands?
- 13 years are reported by both, from 2011 to 2023.
- How do Iceland and Solomon Islands rank globally for tax revenue?
- Iceland ranks 29th and Solomon Islands ranks 27th 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.