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Iceland - Tax Revenue 2017

Name: Iceland Tax Revenue 2017
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Tax revenue as % of GDP · World Bank

23.61% −13.49% from 2016 Global rank: 122nd

Iceland's tax revenue was 23.61% in 2017, decreased +13.49% from 37.09% in 2016. This was the 122nd highest globally.

Global Ranking - 2017▾

Tax Revenue by Country - 2017
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	-
2nd	United Arab Emirates	0.06%	56.2%
3rd	Bahrain	0.94%	15.8%
4th	Iraq	2.69%	29.3%
5th	Saudi Arabia	3.14%	-0.9%
6th	Zimbabwe	5.47%	-64.6%
7th	Equatorial Guinea	5.98%	-6.3%
8th	Myanmar	6.08%	-15.3%
9th	Congo, Democratic Republic of	6.68%	-12.7%
10th	Bangladesh	7.00%	-4.4%
11th	Central African Republic	7.08%	4.0%
12th	Angola	8.06%	-6.1%
13th	China	9.25%	3.4%
14th	Guinea-Bissau	9.48%	-
15th	Panama	9.67%	-3.9%
16th	Afghanistan	9.90%	4.2%
17th	Paraguay	9.96%	4.2%
18th	Madagascar	10.03%	8.5%
19th	Switzerland	10.06%	7.0%
20th	Congo, Republic of	10.14%	-22.6%
21st	Russian Federation	10.29%	12.0%
22nd	Kazakhstan	10.30%	3.8%
23rd	Uzbekistan	10.37%	-22.8%
24th	Micronesia, Federated States of	10.63%	73.2%
25th	Guatemala	10.64%	2.1%
26th	Argentina	10.94%	-9.6%
27th	Gabon	11.08%	-3.3%
28th	India	11.39%	2.2%
29th	Ghana	11.58%	4.7%
30th	United States	11.58%	6.1%
31st	Uganda	11.60%	4.4%
32nd	Sri Lanka	11.61%	1.6%
33rd	Côte d'Ivoire	11.76%	2.6%
34th	Tanzania	11.84%	3.9%
35th	Bhutan	11.86%	-0.2%
36th	Cameroon	11.88%	1.9%
37th	Cambodia	11.93%	6.7%
38th	Germany	11.97%	1.2%
39th	Malawi	12.18%	14.5%
40th	Lao PDR	12.24%	-5.4%
41st	Papua New Guinea	12.61%	-2.7%
42nd	Canada	12.61%	0.9%
43rd	Mexico	12.69%	-3.3%
44th	Malaysia	12.95%	-4.5%
45th	Belarus	13.02%	-5.6%
46th	Togo	13.06%	-5.8%
47th	Azerbaijan	13.16%	-9.6%
48th	Peru	13.17%	-4.4%
49th	Dominican Republic	13.24%	1.8%
50th	Costa Rica	13.24%	-2.0%
51st	Mali	13.33%	3.4%
52nd	Rwanda	13.45%	-6.7%
53rd	Mongolia	13.55%	19.3%
54th	Philippines	13.59%	3.9%
55th	Brazil	13.61%	-0.8%
56th	Spain	13.63%	-0.4%
57th	Ecuador	13.69%	-5.9%
58th	Korea	13.76%	3.6%
59th	Burundi	13.82%	-1.3%
60th	Singapore	13.97%	5.2%
61st	Jordan	14.70%	-2.1%
62nd	Bahamas, The	14.79%	4.6%
63rd	Czechia	14.81%	0.2%
64th	Colombia	14.85%	3.2%
65th	Kenya	15.05%	0.6%
66th	Zambia	15.18%	13.7%
67th	Burkina Faso	15.26%	7.9%
68th	Lebanon	15.36%	13.6%
69th	Thailand	15.52%	-3.6%
70th	Romania	15.59%	-8.9%
71st	Senegal	15.91%	-2.8%
72nd	San Marino	16.47%	-1.3%
73rd	Nicaragua	16.57%	2.5%
74th	Poland	16.74%	3.2%
75th	Lithuania	16.76%	-2.0%
76th	Kyrgyz Republic	17.05%	0.6%
77th	Vanuatu	17.13%	5.0%
78th	North Macedonia	17.16%	1.2%
79th	Latvia	17.21%	-0.1%
80th	St. Kitts and Nevis	17.41%	-5.1%
81st	Chile	17.51%	0.2%
82nd	Ireland	17.62%	-5.5%
83rd	Marshall Islands	17.62%	1.5%
84th	Mauritius	17.70%	1.8%
85th	Türkiye	17.70%	-3.4%
86th	Moldova	17.73%	7.9%
87th	El Salvador	17.75%	2.3%
88th	Cabo Verde	17.80%	6.4%
89th	Nepal	18.00%	11.5%
90th	Uruguay	18.08%	-16.8%
91st	St. Lucia	18.23%	-4.8%
92nd	Trinidad and Tobago	18.40%	-14.0%
93rd	Kiribati	18.46%	-14.2%
94th	Slovak Republic	18.50%	2.7%
95th	Albania	18.55%	6.6%
96th	Palau	19.48%	0.6%
97th	European Union	19.75%	0.7%
98th	Bosnia and Herzegovina	19.99%	1.4%
99th	Ukraine	20.05%	2.2%
100th	Morocco	20.13%	1.3%
101st	Timor-Leste	20.23%	34.1%
102nd	Bulgaria	20.52%	0.9%
103rd	Maldives	20.69%	3.6%
104th	Armenia	20.78%	-2.3%
105th	Tonga	20.82%	2.8%
106th	Estonia	20.87%	-3.7%
107th	Finland	20.88%	-0.5%
108th	Belize	21.35%	3.4%
109th	Slovenia	21.91%	-1.2%
110th	Croatia	22.02%	0.5%
111th	Australia	22.02%	-0.7%
112th	Mozambique	22.11%	10.1%
113th	Norway	22.29%	1.5%
114th	Nauru	22.55%	-10.7%
115th	Portugal	22.64%	0.1%
116th	Hungary	22.85%	-0.7%
117th	Georgia	23.01%	-0.1%
118th	Netherlands	23.06%	3.2%
119th	Serbia	23.13%	3.0%
120th	Samoa	23.48%	2.2%
121st	Belgium	23.54%	2.6%
122nd	Iceland	23.61%	-36.4%
123rd	France	23.79%	2.8%
124th	St. Vincent and the Grenadines	23.80%	-2.3%
125th	Cyprus	23.82%	1.3%
126th	Botswana	23.93%	10.6%
127th	Israel	24.23%	5.1%
128th	Luxembourg	24.52%	3.2%
129th	Jamaica	24.60%	0.0%
130th	Fiji	24.67%	4.8%
131st	Italy	24.70%	-1.5%
132nd	Solomon Islands	24.77%	3.9%
133rd	South Africa	24.77%	-0.2%
134th	United Kingdom	25.42%	0.5%
135th	Austria	25.76%	-0.2%
136th	Malta	26.01%	-0.9%
137th	Eswatini	26.34%	10.2%
138th	Greece	26.74%	-1.1%
139th	New Zealand	27.31%	0.2%
140th	Sweden	28.55%	0.6%
141st	Macao SAR, China	29.09%	4.5%
142nd	Namibia	31.31%	5.5%
143rd	Lesotho	33.01%	12.7%
144th	Denmark	33.28%	-0.6%

FAQ

What was Iceland's tax revenue in 2017?▾

Iceland's tax revenue in 2017 was 23.61%. This ranked 122nd globally.

How did Iceland's tax revenue change in 2017?▾

Iceland's tax revenue decreased by 36.4% in 2017 compared to 2016.

Which country had the highest tax revenue in 2017?▾

Denmark had the highest tax revenue in 2017 at 33.28%.

What is the tax revenue of Iceland in 2017?▾

The tax revenue of Iceland in 2017 was 23.61%. This ranked 122nd globally.

How does 2017 compare to 2016 for Iceland's tax revenue?▾

Iceland's tax revenue went from 37.09% in 2016 to 23.61% in 2017, a 36.4% decrease.

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