Ghana vs Iceland: Taxes on income, profits and capital gains
Ghana
48.8%
in 2023
Iceland
47.2%
in 2023
Ghana rank
37th
Iceland rank
39th
Taxes on income, profits and capital gains over time
- Ghana
- Iceland
How they compare
Ghana currently reports 48.8% against 47.2% in Iceland, a difference of 1.6%.
The two have swapped places 2 times across 27 shared years of data; in 1990 it was Ghana ahead.
Ghana ranks 37th and Iceland ranks 39th of 153 countries.
Across the 4 decades both report, Ghana averaged higher in 2 and Iceland in 2.
Head to head by decade
| Decade | Ghana | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 21.7% | 25.3% | 3.6% | Iceland |
| 2000s | 29.6% | 37.7% | 8.1% | Iceland |
| 2010s | 43.9% | 39.0% | 4.9% | Ghana |
| 2020s | 50.6% | 44.7% | 5.9% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Ghana or Iceland?
- Ghana, at 48.8% against 47.2% in Iceland as of 2023.
- What is the difference in taxes on income, profits and capital gains between Ghana and Iceland?
- 1.6%, with Ghana ahead.
- How many years of comparable data are there for Ghana and Iceland?
- 27 years are reported by both, from 1990 to 2023.
- How do Ghana and Iceland rank globally for taxes on income, profits and capital gains?
- Ghana ranks 37th and Iceland ranks 39th 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.