Iceland vs Switzerland: Taxes on international trade
Taxes on international trade over time
- Iceland
- Switzerland
How they compare
Switzerland currently reports 0.5% against 0.4% in Iceland, a difference of 0.1%.
That makes Switzerland's figure about 1.1 times Iceland's.
The two have swapped places 3 times across 47 shared years of data; in 1972 it was Iceland ahead.
Iceland ranks 126th and Switzerland ranks 123rd of 154 countries.
Across the 6 decades both report, Iceland averaged higher in 3 and Switzerland in 3.
Head to head by decade
| Decade | Iceland | Switzerland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 23.8% | 11.4% | 12.4% | Iceland |
| 1980s | 17.3% | 8.3% | 9.0% | Iceland |
| 1990s | 4.0% | 1.8% | 2.2% | Iceland |
| 2000s | 1.0% | 1.1% | 0.1% | Switzerland |
| 2010s | 0.8% | 0.9% | 0.2% | Switzerland |
| 2020s | 0.4% | 0.9% | 0.5% | Switzerland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on international trade, Iceland or Switzerland?
- Switzerland, at 0.5% against 0.4% in Iceland as of 2024.
- What is the difference in taxes on international trade between Iceland and Switzerland?
- 0.1%, with Switzerland ahead.
- How many years of comparable data are there for Iceland and Switzerland?
- 47 years are reported by both, from 1972 to 2023.
- How do Iceland and Switzerland rank globally for taxes on international trade?
- Iceland ranks 126th and Switzerland ranks 123rd of 154 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on international trade (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.