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Iceland - Tax Revenue 2016

Name: Iceland Tax Revenue 2016
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Tax revenue as % of GDP · World Bank

37.09% +14.64% from 2015 Global rank: 144th

Iceland's tax revenue was 37.09% in 2016, increased +14.64% from 22.45% in 2015. This was the 144th highest globally.

Global Ranking - 2016▾

Tax Revenue by Country - 2016
Rank	Country	Value	YoY
1st	United Arab Emirates	0.04%	-24.8%
2nd	Bahrain	0.81%	-18.3%
3rd	Iraq	2.08%	57.3%
4th	Saudi Arabia	3.17%	0.8%
5th	Micronesia, Federated States of	6.14%	11.0%
6th	Equatorial Guinea	6.38%	-44.3%
7th	Central African Republic	6.81%	24.9%
8th	Myanmar	7.18%	19.4%
9th	Bangladesh	7.32%	-13.9%
10th	Sudan	7.39%	-9.8%
11th	Congo, Democratic Republic of	7.65%	-10.9%
12th	Angola	8.58%	-11.7%
13th	China	8.95%	-2.7%
14th	Russian Federation	9.18%	-13.7%
15th	Madagascar	9.24%	3.3%
16th	Switzerland	9.40%	-1.6%
17th	Afghanistan	9.50%	25.3%
18th	Paraguay	9.56%	-0.9%
19th	Kazakhstan	9.92%	0.9%
20th	Panama	10.06%	2.6%
21st	Guatemala	10.42%	0.6%
22nd	Malawi	10.64%	1.0%
23rd	United States	10.92%	-2.8%
24th	Ghana	11.06%	-5.4%
25th	Uganda	11.12%	2.9%
26th	India	11.15%	5.5%
27th	Cambodia	11.17%	2.6%
28th	Mongolia	11.35%	-4.6%
29th	Tanzania	11.39%	8.6%
30th	Sri Lanka	11.42%	-2.5%
31st	Côte d'Ivoire	11.46%	2.5%
32nd	Gabon	11.47%	-10.6%
33rd	Cameroon	11.65%	-3.8%
34th	Germany	11.83%	-1.3%
35th	Bhutan	11.89%	-2.1%
36th	Argentina	12.10%	-1.9%
37th	Canada	12.50%	0.9%
38th	Mali	12.90%	8.8%
39th	Lao PDR	12.94%	-4.2%
40th	Papua New Guinea	12.95%	-15.0%
41st	Dominican Republic	13.01%	0.5%
42nd	Philippines	13.09%	0.5%
43rd	Congo, Republic of	13.09%	7.3%
44th	Mexico	13.12%	6.3%
45th	Korea	13.28%	6.0%
46th	Singapore	13.28%	1.1%
47th	Zambia	13.35%	-7.2%
48th	Uzbekistan	13.43%	-0.9%
49th	Costa Rica	13.51%	1.9%
50th	Lebanon	13.53%	0.4%
51st	Malaysia	13.55%	-3.6%
52nd	Spain	13.68%	-2.8%
53rd	Brazil	13.71%	0.6%
54th	Peru	13.79%	-7.6%
55th	Belarus	13.79%	-2.7%
56th	Togo	13.87%	0.7%
57th	Burundi	14.00%	-3.4%
58th	Bahamas, The	14.13%	11.3%
59th	Burkina Faso	14.14%	6.5%
60th	Colombia	14.39%	-8.9%
61st	Rwanda	14.42%	8.4%
62nd	Ecuador	14.54%	-11.3%
63rd	Azerbaijan	14.56%	-6.7%
64th	Czechia	14.77%	0.6%
65th	Kenya	14.97%	0.9%
66th	Jordan	15.02%	0.5%
67th	Timor-Leste	15.09%	-58.3%
68th	Zimbabwe	15.46%	-12.5%
69th	Thailand	16.10%	-4.5%
70th	Nepal	16.14%	9.9%
71st	Nicaragua	16.17%	3.7%
72nd	Poland	16.21%	3.8%
73rd	Vanuatu	16.31%	0.3%
74th	Senegal	16.37%	3.8%
75th	Moldova	16.43%	0.9%
76th	San Marino	16.69%	-6.7%
77th	Cabo Verde	16.73%	-2.4%
78th	Kyrgyz Republic	16.95%	0.9%
79th	North Macedonia	16.95%	0.8%
80th	Lithuania	17.10%	2.0%
81st	Romania	17.11%	-9.5%
82nd	Latvia	17.23%	5.2%
83rd	El Salvador	17.35%	3.6%
84th	Marshall Islands	17.36%	0.0%
85th	Mauritius	17.38%	101.0%
86th	Albania	17.40%	-5.3%
87th	Chile	17.47%	-0.4%
88th	Slovak Republic	18.01%	-0.2%
89th	Türkiye	18.33%	1.0%
90th	St. Kitts and Nevis	18.35%	-6.5%
91st	Ireland	18.65%	2.9%
92nd	St. Lucia	19.14%	2.3%
93rd	Palau	19.37%	-1.7%
94th	European Union	19.62%	-0.4%
95th	Ukraine	19.63%	-4.0%
96th	Bosnia and Herzegovina	19.71%	0.1%
97th	Morocco	19.87%	2.2%
98th	Maldives	19.98%	1.7%
99th	Mozambique	20.08%	0.4%
100th	Tonga	20.26%	8.4%
101st	Bulgaria	20.33%	1.3%
102nd	Belize	20.64%	4.8%
103rd	Finland	20.99%	1.9%
104th	Armenia	21.28%	1.7%
105th	Trinidad and Tobago	21.40%	-13.4%
106th	Kiribati	21.52%	9.1%
107th	Botswana	21.63%	-17.8%
108th	Estonia	21.68%	0.5%
109th	Uruguay	21.73%	27.1%
110th	Croatia	21.90%	2.3%
111th	Norway	21.96%	-0.6%
112th	Slovenia	22.16%	0.2%
113th	Australia	22.19%	1.8%
114th	Netherlands	22.35%	2.5%
115th	Serbia	22.44%	4.6%
116th	Portugal	22.62%	-2.0%
117th	Belgium	22.93%	-6.1%
118th	Samoa	22.97%	1.9%
119th	Hungary	23.00%	-1.0%
120th	Georgia	23.04%	3.1%
121st	Israel	23.05%	0.0%
122nd	France	23.15%	-0.6%
123rd	Barbados	23.40%	11.4%
124th	Cyprus	23.52%	-2.2%
125th	Fiji	23.53%	-5.4%
126th	Luxembourg	23.77%	1.9%
127th	Solomon Islands	23.84%	-7.4%
128th	Eswatini	23.91%	-12.8%
129th	St. Vincent and the Grenadines	24.35%	7.5%
130th	Jamaica	24.59%	4.5%
131st	South Africa	24.83%	-0.9%
132nd	Italy	25.08%	1.0%
133rd	Nauru	25.24%	48.7%
134th	United Kingdom	25.29%	1.5%
135th	Austria	25.82%	-5.1%
136th	Malta	26.25%	7.9%
137th	Greece	27.03%	6.5%
138th	New Zealand	27.25%	-0.5%
139th	Macao SAR, China	27.84%	-4.7%
140th	Sweden	28.38%	3.2%
141st	Lesotho	29.29%	-13.3%
142nd	Namibia	29.67%	-11.2%
143rd	Denmark	33.49%	-1.9%
144th	Iceland	37.09%	65.2%

FAQ

What was Iceland's tax revenue in 2016?▾

Iceland's tax revenue in 2016 was 37.09%. This ranked 144th globally.

How did Iceland's tax revenue change in 2016?▾

Iceland's tax revenue increased by 65.2% in 2016 compared to 2015.

Which country had the highest tax revenue in 2016?▾

Iceland had the highest tax revenue in 2016 at 37.09%.

What is the tax revenue of Iceland in 2016?▾

The tax revenue of Iceland in 2016 was 37.09%. This ranked 144th globally.

How does 2016 compare to 2015 for Iceland's tax revenue?▾

Iceland's tax revenue went from 22.45% in 2015 to 37.09% in 2016, a 65.2% increase.

HistorySaid - pattern alert

Iceland matched the Export Boom Cycle pattern in 2016. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 4.7%. View full analysis →

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