Iceland vs Upper middle income: Taxes on income, profits and capital gains (% of revenue)
Iceland
34.6%
in 2023
Upper middle income
24.1%
in 2024
Iceland rank
33rd
Upper middle income rank
31st
Taxes on income, profits and capital gains (% of revenue) over time
- Iceland
- Upper middle income
How they compare
Iceland currently reports 34.6% against 24.1% in Upper middle income, a difference of 10.5%.
That makes Iceland's figure about 1.4 times Upper middle income's.
The two have swapped places 2 times across 27 shared years of data; in 1996 it was Iceland ahead.
Iceland ranks 33rd and Upper middle income ranks 31st of 153 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.8% | 19.1% | 3.7% | Iceland |
| 2000s | 25.9% | 19.4% | 6.5% | Iceland |
| 2010s | 26.4% | 22.0% | 4.4% | Iceland |
| 2020s | 32.9% | 24.3% | 8.6% | 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 Upper middle income?
- Iceland, at 34.6% against 24.1% in Upper middle income as of 2023.
- What is the difference in taxes on income, profits and capital gains between Iceland and Upper middle income?
- 10.5%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Upper middle income?
- 27 years are reported by both, from 1996 to 2023.
- How do Iceland and Upper middle income rank globally for taxes on income, profits and capital gains?
- Iceland ranks 33rd and Upper middle income ranks 31st 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.