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Iceland - Tax Revenue 2015

Name: Iceland Tax Revenue 2015
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Tax revenue as % of GDP · World Bank

22.45% −1.79% from 2014 Global rank: 118th

Iceland's tax revenue was 22.45% in 2015, decreased +1.79% from 24.24% in 2014. This was the 118th highest globally.

Global Ranking - 2015▾

Tax Revenue by Country - 2015
Rank	Country	Value	YoY
1st	United Arab Emirates	0.05%	-84.0%
2nd	Bahrain	0.99%	24.9%
3rd	Iraq	1.32%	44.4%
4th	Saudi Arabia	3.15%	18.1%
5th	Central African Republic	5.45%	33.0%
6th	Micronesia, Federated States of	5.53%	-56.7%
7th	Myanmar	6.01%	2.9%
8th	Afghanistan	7.59%	10.2%
9th	Sudan	8.19%	2.7%
10th	Bangladesh	8.50%	-1.6%
11th	Congo, Democratic Republic of	8.59%	6.2%
12th	Mauritius	8.65%	-51.6%
13th	Madagascar	8.95%	6.0%
14th	China	9.19%	-3.2%
15th	Switzerland	9.56%	5.2%
16th	Paraguay	9.64%	-1.1%
17th	Angola	9.71%	-19.1%
18th	Panama	9.80%	-1.6%
19th	Kazakhstan	9.84%	-30.7%
20th	Guatemala	10.36%	-3.9%
21st	Tanzania	10.49%	-7.7%
22nd	Malawi	10.54%	-3.8%
23rd	India	10.57%	5.9%
24th	Russian Federation	10.64%	-19.7%
25th	Uganda	10.80%	-
26th	Cambodia	10.89%	-1.8%
27th	Côte d'Ivoire	11.18%	10.5%
28th	United States	11.24%	2.8%
29th	Equatorial Guinea	11.46%	38.1%
30th	Ghana	11.69%	3.9%
31st	Sri Lanka	11.72%	20.2%
32nd	Mali	11.85%	11.5%
33rd	Mongolia	11.89%	-7.8%
34th	Germany	11.99%	-0.5%
35th	Cameroon	12.11%	-1.4%
36th	Bhutan	12.15%	-2.9%
37th	Congo, Republic of	12.20%	27.3%
38th	Argentina	12.34%	-2.2%
39th	Mexico	12.35%	20.5%
40th	Canada	12.39%	4.9%
41st	Egypt, Arab Republic of	12.52%	2.4%
42nd	Korea	12.53%	-0.8%
43rd	Bahamas, The	12.70%	12.5%
44th	Gabon	12.83%	-15.1%
45th	Dominican Republic	12.95%	-3.5%
46th	Philippines	13.02%	0.0%
47th	Singapore	13.14%	-3.1%
48th	Costa Rica	13.25%	1.6%
49th	Burkina Faso	13.28%	-2.8%
50th	Rwanda	13.29%	2.7%
51st	Lebanon	13.47%	-4.6%
52nd	Lao PDR	13.51%	-2.3%
53rd	Uzbekistan	13.56%	0.6%
54th	Brazil	13.63%	1.0%
55th	Togo	13.77%	4.6%
56th	Malaysia	14.06%	-5.3%
57th	Spain	14.08%	0.2%
58th	Belarus	14.17%	11.6%
59th	Zambia	14.39%	-8.7%
60th	Burundi	14.50%	5.9%
61st	Czechia	14.69%	2.5%
62nd	Nepal	14.69%	4.9%
63rd	Kenya	14.84%	-2.3%
64th	Peru	14.92%	-10.8%
65th	Jordan	14.95%	-3.1%
66th	Papua New Guinea	15.23%	-15.0%
67th	Nicaragua	15.59%	1.8%
68th	Azerbaijan	15.60%	9.8%
69th	Poland	15.61%	-0.1%
70th	Senegal	15.77%	-
71st	Colombia	15.80%	0.6%
72nd	Vanuatu	16.27%	-11.1%
73rd	Moldova	16.29%	-3.2%
74th	Latvia	16.37%	1.2%
75th	Ecuador	16.39%	16.9%
76th	El Salvador	16.75%	0.3%
77th	Lithuania	16.76%	4.5%
78th	Kyrgyz Republic	16.80%	-4.3%
79th	North Macedonia	16.82%	3.6%
80th	Thailand	16.85%	2.1%
81st	Nauru	16.98%	-15.2%
82nd	Uruguay	17.10%	-1.0%
83rd	Cabo Verde	17.14%	10.3%
84th	Honduras	17.34%	4.8%
85th	Marshall Islands	17.36%	9.5%
86th	Chile	17.55%	2.9%
87th	Zimbabwe	17.67%	-0.9%
88th	San Marino	17.89%	-2.5%
89th	Slovak Republic	18.05%	3.8%
90th	Ireland	18.13%	-19.4%
91st	Türkiye	18.14%	1.1%
92nd	Albania	18.38%	1.0%
93rd	Tonga	18.68%	9.2%
94th	St. Lucia	18.71%	3.3%
95th	Romania	18.92%	5.5%
96th	Morocco	19.44%	-4.5%
97th	St. Kitts and Nevis	19.64%	6.3%
98th	Maldives	19.65%	1.7%
99th	European Union	19.69%	-0.6%
100th	Bosnia and Herzegovina	19.70%	-0.4%
101st	Palau	19.70%	2.9%
102nd	Belize	19.71%	-0.8%
103rd	Kiribati	19.73%	23.9%
104th	Mozambique	20.01%	-16.5%
105th	Bulgaria	20.08%	2.6%
106th	Ukraine	20.45%	18.3%
107th	Finland	20.59%	-0.7%
108th	Armenia	20.93%	-3.1%
109th	Barbados	21.01%	6.9%
110th	Croatia	21.42%	5.1%
111th	Serbia	21.47%	2.0%
112th	Estonia	21.57%	4.2%
113th	Australia	21.79%	-0.1%
114th	Netherlands	21.80%	1.2%
115th	Norway	22.09%	-5.7%
116th	Slovenia	22.12%	0.4%
117th	Georgia	22.35%	1.3%
118th	Iceland	22.45%	-7.4%
119th	Samoa	22.54%	-4.8%
120th	St. Vincent and the Grenadines	22.66%	0.7%
121st	Israel	23.06%	1.1%
122nd	Portugal	23.08%	0.9%
123rd	Hungary	23.22%	1.0%
124th	France	23.30%	0.6%
125th	Luxembourg	23.32%	-5.8%
126th	Jamaica	23.53%	-2.2%
127th	Cyprus	24.05%	-2.7%
128th	Malta	24.32%	-4.9%
129th	Belgium	24.42%	-6.1%
130th	Trinidad and Tobago	24.71%	-1.3%
131st	Italy	24.84%	-0.5%
132nd	Fiji	24.87%	3.7%
133rd	United Kingdom	24.92%	0.8%
134th	South Africa	25.05%	2.5%
135th	Greece	25.40%	0.0%
136th	Solomon Islands	25.74%	0.6%
137th	Botswana	26.31%	-2.9%
138th	Austria	27.22%	1.4%
139th	New Zealand	27.39%	2.1%
140th	Eswatini	27.43%	-7.9%
141st	Sweden	27.51%	2.1%
142nd	Macao SAR, China	29.22%	-16.7%
143rd	Namibia	33.42%	-3.5%
144th	Lesotho	33.77%	-7.0%
145th	Denmark	34.16%	-6.6%
146th	Timor-Leste	36.17%	-42.4%

FAQ

What was Iceland's tax revenue in 2015?▾

Iceland's tax revenue in 2015 was 22.45%. This ranked 118th globally.

How did Iceland's tax revenue change in 2015?▾

Iceland's tax revenue decreased by 7.4% in 2015 compared to 2014.

Which country had the highest tax revenue in 2015?▾

Timor-Leste had the highest tax revenue in 2015 at 36.17%.

What is the tax revenue of Iceland in 2015?▾

The tax revenue of Iceland in 2015 was 22.45%. This ranked 118th globally.

How does 2015 compare to 2014 for Iceland's tax revenue?▾

Iceland's tax revenue went from 24.24% in 2014 to 22.45% in 2015, a 7.4% decrease.

HistorySaid - pattern alert

Iceland matched the Export Boom Cycle pattern in 2015. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 3.5%. View full analysis →

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