Iceland vs United Kingdom of Great Britain and Northern Ireland: Taxes on international trade
Taxes on international trade over time
- Iceland
- United Kingdom of Great Britain and Northern Ireland
How they compare
Iceland currently reports 6.16 billion current LCU against 5.62 billion current LCU in United Kingdom of Great Britain and Northern Ireland, a difference of 532.06 million current LCU.
That makes Iceland's figure about 1.1 times United Kingdom of Great Britain and Northern Ireland's.
The two have swapped places 3 times across 25 shared years of data; in 1972 it was United Kingdom of Great Britain and Northern Ireland ahead.
Iceland ranks 76th and United Kingdom of Great Britain and Northern Ireland ranks 78th of 155 countries.
Across the 5 decades both report, Iceland averaged higher in 4 and United Kingdom of Great Britain and Northern Ireland in 1.
Head to head by decade
| Decade | Iceland | United Kingdom of Great Britain and Northern Ireland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 207.21 million current LCU | 217.88 million current LCU | 10.66 million current LCU | United Kingdom of Great Britain and Northern Ireland |
| 1980s | 3.85 billion current LCU | 72.67 million current LCU | 3.78 billion current LCU | Iceland |
| 1990s | 9.00 billion current LCU | 12.67 million current LCU | 8.99 billion current LCU | Iceland |
| 2010s | 3.43 billion current LCU | 28.00 million current LCU | 3.40 billion current LCU | Iceland |
| 2020s | 4.71 billion current LCU | 4.30 billion current LCU | 406.52 million current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on international trade, Iceland or United Kingdom of Great Britain and Northern Ireland?
- Iceland, at 6.16 billion current LCU against 5.62 billion current LCU in United Kingdom of Great Britain and Northern Ireland as of 2023.
- What is the difference in taxes on international trade between Iceland and United Kingdom of Great Britain and Northern Ireland?
- 532.06 million current LCU, with Iceland ahead.
- How many years of comparable data are there for Iceland and United Kingdom of Great Britain and Northern Ireland?
- 25 years are reported by both, from 1972 to 2023.
- How do Iceland and United Kingdom of Great Britain and Northern Ireland rank globally for taxes on international trade?
- Iceland ranks 76th and United Kingdom of Great Britain and Northern Ireland ranks 78th 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.