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