Iceland vs Nicaragua: Taxes on international trade
Taxes on international trade over time
- Iceland
- Nicaragua
How they compare
Iceland currently reports 6.16 billion current LCU against 5.61 billion current LCU in Nicaragua, a difference of 546.66 million current LCU.
That makes Iceland's figure about 1.1 times Nicaragua's.
Across all 34 years both countries report, Iceland has been ahead every year.
Iceland ranks 76th and Nicaragua ranks 79th of 155 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 4.94 billion current LCU | 441.59 million current LCU | 4.50 billion current LCU | Iceland |
| 2000s | 3.88 billion current LCU | 846.07 million current LCU | 3.03 billion current LCU | Iceland |
| 2010s | 5.43 billion current LCU | 2.03 billion current LCU | 3.40 billion current LCU | Iceland |
| 2020s | 4.71 billion current LCU | 3.59 billion current LCU | 1.12 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on international trade, Iceland or Nicaragua?
- Iceland, at 6.16 billion current LCU against 5.61 billion current LCU in Nicaragua as of 2023.
- What is the difference in taxes on international trade between Iceland and Nicaragua?
- 546.66 million current LCU, with Iceland ahead.
- How many years of comparable data are there for Iceland and Nicaragua?
- 34 years are reported by both, from 1990 to 2023.
- How do Iceland and Nicaragua rank globally for taxes on international trade?
- Iceland ranks 76th and Nicaragua ranks 79th 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.