Canada vs Iceland: Taxes on international trade
Taxes on international trade over time
- Canada
- Iceland
How they compare
Iceland currently reports 6.16 billion current LCU against 5.70 billion current LCU in Canada, a difference of 458.06 million current LCU.
That makes Iceland's figure about 1.1 times Canada's.
The two have swapped places 6 times across 34 shared years of data; in 1990 it was Iceland ahead.
Canada ranks 77th and Iceland ranks 76th of 155 countries.
Across the 4 decades both report, Canada averaged higher in 1 and Iceland in 3.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.26 billion current LCU | 4.94 billion current LCU | 1.68 billion current LCU | Iceland |
| 2000s | 3.28 billion current LCU | 3.88 billion current LCU | 600.15 million current LCU | Iceland |
| 2010s | 4.83 billion current LCU | 5.43 billion current LCU | 604.99 million current LCU | Iceland |
| 2020s | 5.26 billion current LCU | 4.71 billion current LCU | 551.48 million current LCU | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on international trade, Canada or Iceland?
- Iceland, at 6.16 billion current LCU against 5.70 billion current LCU in Canada as of 2023.
- What is the difference in taxes on international trade between Canada and Iceland?
- 458.06 million current LCU, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 34 years are reported by both, from 1990 to 2023.
- How do Canada and Iceland rank globally for taxes on international trade?
- Canada ranks 77th and Iceland ranks 76th of 155 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on international trade (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.