Australia vs Iceland: Taxes on income, profits and capital gains
Taxes on income, profits and capital gains over time
- Australia
- Iceland
How they compare
Iceland currently reports 477.81 billion current LCU against 422.00 billion current LCU in Australia, a difference of 55.81 billion current LCU.
That makes Iceland's figure about 1.1 times Australia's.
Across all 51 years both countries report, Australia has been ahead every year.
Australia ranks 52nd and Iceland ranks 50th of 153 countries.
Australia has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 10.72 billion current LCU | 104.25 million current LCU | 10.62 billion current LCU | Australia |
| 1980s | 35.53 billion current LCU | 4.11 billion current LCU | 31.42 billion current LCU | Australia |
| 1990s | 76.93 billion current LCU | 31.24 billion current LCU | 45.69 billion current LCU | Australia |
| 2000s | 157.83 billion current LCU | 101.23 billion current LCU | 56.60 billion current LCU | Australia |
| 2010s | 256.86 billion current LCU | 208.96 billion current LCU | 47.89 billion current LCU | Australia |
| 2020s | 367.51 billion current LCU | 327.72 billion current LCU | 39.78 billion current LCU | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Australia or Iceland?
- Iceland, at 477.81 billion current LCU against 422.00 billion current LCU in Australia as of 2023.
- What is the difference in taxes on income, profits and capital gains between Australia and Iceland?
- 55.81 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 51 years are reported by both, from 1972 to 2022.
- How do Australia and Iceland rank globally for taxes on income, profits and capital gains?
- Australia ranks 52nd and Iceland ranks 50th of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.