Denmark vs Iceland: Taxes, Transactions
Taxes, Transactions over time
- Denmark
- Iceland
How they compare
Iceland currently reports 1.63 trillion against 1.37 trillion in Denmark, a difference of 262.28 billion.
That makes Iceland's figure about 1.2 times Denmark's.
The two have swapped places 3 times across 24 shared years of data; in 2002 it was Denmark ahead.
Denmark ranks 10th and Iceland ranks 8th of 35 countries.
Across the 3 decades both report, Denmark averaged higher in 2 and Iceland in 1.
Head to head by decade
| Decade | Denmark | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 740.64 billion | 396.50 billion | 344.14 billion | Denmark |
| 2010s | 945.59 billion | 760.82 billion | 184.77 billion | Denmark |
| 2020s | 1.24 trillion | 1.32 trillion | 77.42 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes, transactions, Denmark or Iceland?
- Iceland, at 1.63 trillion against 1.37 trillion in Denmark as of 2025.
- What is the difference in taxes, transactions between Denmark and Iceland?
- 262.28 billion, with Iceland ahead.
- How many years of comparable data are there for Denmark and Iceland?
- 24 years are reported by both, from 2002 to 2025.
- How do Denmark and Iceland rank globally for taxes, transactions?
- Denmark ranks 10th and Iceland ranks 8th of 35 countries.
- Where does this data come from?
- International Monetary Fund, published as Taxes, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.