Iceland vs United Kingdom of Great Britain and Northern Ireland: Taxes on income, profits and capital gains
Taxes on income, profits and capital gains over time
- Iceland
- United Kingdom of Great Britain and Northern Ireland
How they compare
Iceland currently reports 477.81 billion current LCU against 409.19 billion current LCU in United Kingdom of Great Britain and Northern Ireland, a difference of 68.62 billion current LCU.
That makes Iceland's figure about 1.2 times United Kingdom of Great Britain and Northern Ireland's.
The two have swapped places 3 times across 52 shared years of data; in 1972 it was United Kingdom of Great Britain and Northern Ireland ahead.
Iceland ranks 50th and United Kingdom of Great Britain and Northern Ireland ranks 53rd of 153 countries.
Across the 6 decades both report, Iceland averaged higher in 1 and United Kingdom of Great Britain and Northern Ireland in 5.
Head to head by decade
| Decade | Iceland | United Kingdom of Great Britain and Northern Ireland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 104.25 million current LCU | 16.89 billion current LCU | 16.79 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 1980s | 4.11 billion current LCU | 50.01 billion current LCU | 45.90 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 1990s | 31.24 billion current LCU | 95.90 billion current LCU | 64.67 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 2000s | 101.23 billion current LCU | 172.76 billion current LCU | 71.53 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 2010s | 208.96 billion current LCU | 221.49 billion current LCU | 12.53 billion current LCU | United Kingdom of Great Britain and Northern Ireland |
| 2020s | 365.25 billion current LCU | 317.81 billion current LCU | 47.43 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Iceland or United Kingdom of Great Britain and Northern Ireland?
- Iceland, at 477.81 billion current LCU against 409.19 billion current LCU in United Kingdom of Great Britain and Northern Ireland as of 2023.
- What is the difference in taxes on income, profits and capital gains between Iceland and United Kingdom of Great Britain and Northern Ireland?
- 68.62 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Iceland and United Kingdom of Great Britain and Northern Ireland?
- 52 years are reported by both, from 1972 to 2023.
- How do Iceland and United Kingdom of Great Britain and Northern Ireland rank globally for taxes on income, profits and capital gains?
- Iceland ranks 50th and United Kingdom of Great Britain and Northern Ireland ranks 53rd 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.
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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.