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Iceland - Tax Revenue 2019

Name: Iceland Tax Revenue 2019
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Tax revenue as % of GDP · World Bank

21.66% −0.95% from 2018 Global rank: 102nd

Iceland's tax revenue was 21.66% in 2019, decreased +0.95% from 22.62% in 2018. This was the 102nd highest globally.

Global Ranking - 2019▾

Tax Revenue by Country - 2019
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	-16.0%
2nd	United Arab Emirates	0.94%	1,547.6%
3rd	Iraq	1.34%	-32.2%
4th	Bahrain	2.88%	163.4%
5th	Myanmar	6.02%	118.3%
6th	Saudi Arabia	6.60%	-16.6%
7th	Congo, Democratic Republic of	7.05%	-5.2%
8th	Congo, Republic of	7.10%	4.0%
9th	Bangladesh	7.64%	-1.2%
10th	Central African Republic	8.32%	-3.7%
11th	China	8.33%	-6.3%
12th	Guinea-Bissau	8.53%	-3.7%
13th	Panama	8.65%	-9.8%
14th	Equatorial Guinea	9.30%	50.8%
15th	Switzerland	9.91%	2.2%
16th	United States	9.96%	-0.3%
17th	Paraguay	10.00%	-0.8%
18th	Argentina	10.39%	6.1%
19th	Guatemala	10.44%	-1.2%
20th	Madagascar	10.53%	2.4%
21st	Sri Lanka	10.90%	-2.2%
22nd	Russian Federation	10.94%	-4.6%
23rd	Tanzania	11.02%	-5.8%
24th	Angola	11.29%	13.7%
25th	Uzbekistan	11.30%	-11.0%
26th	Lao PDR	11.47%	-2.2%
27th	Gabon	11.48%	12.4%
28th	Côte d'Ivoire	11.67%	0.0%
29th	Kazakhstan	11.79%	0.6%
30th	Germany	11.90%	-0.4%
31st	Malaysia	11.94%	-0.7%
32nd	Malawi	11.98%	-1.6%
33rd	Ghana	12.00%	-2.0%
34th	Cameroon	12.03%	-2.6%
35th	Uganda	12.24%	4.7%
36th	Mali	12.24%	25.1%
37th	Canada	12.74%	-2.4%
38th	Mexico	12.79%	0.6%
39th	Papua New Guinea	13.02%	-1.3%
40th	Singapore	13.18%	1.3%
41st	Belarus	13.30%	-9.3%
42nd	Costa Rica	13.32%	1.0%
43rd	Dominican Republic	13.35%	1.2%
44th	Ecuador	13.40%	-6.2%
45th	Burundi	13.51%	-2.2%
46th	Togo	13.58%	5.6%
47th	Spain	13.66%	-3.3%
48th	Brazil	13.74%	-1.5%
49th	Andorra	13.76%	-2.5%
50th	Azerbaijan	14.22%	9.6%
51st	Korea	14.33%	-2.4%
52nd	Philippines	14.49%	3.1%
53rd	Bhutan	14.50%	-8.3%
54th	Czechia	14.52%	-0.9%
55th	Peru	14.53%	1.7%
56th	Cambodia	14.57%	15.3%
57th	Rwanda	14.61%	2.5%
58th	Romania	14.62%	1.0%
59th	Jordan	14.81%	0.6%
60th	Colombia	14.90%	2.0%
61st	Kenya	15.10%	5.1%
62nd	Thailand	15.40%	-1.9%
63rd	Lebanon	15.41%	0.5%
64th	Burkina Faso	15.64%	2.3%
65th	Kyrgyz Republic	15.96%	-11.3%
66th	Latvia	16.20%	0.0%
67th	Türkiye	16.53%	-3.6%
68th	Bahamas, The	16.56%	15.6%
69th	Zambia	16.68%	0.5%
70th	Trinidad and Tobago	16.76%	-15.7%
71st	Mongolia	16.85%	1.0%
72nd	San Marino	16.91%	-5.8%
73rd	North Macedonia	17.08%	-2.8%
74th	Poland	17.14%	-0.3%
75th	Ireland	17.35%	-1.6%
76th	Nicaragua	17.42%	11.0%
77th	Vanuatu	17.59%	-1.4%
78th	Moldova	17.66%	-2.0%
79th	Chile	17.72%	-3.7%
80th	Uruguay	17.87%	-2.5%
81st	Albania	17.93%	-1.9%
82nd	El Salvador	18.08%	-0.3%
83rd	Cabo Verde	18.22%	-3.7%
84th	Palau	18.36%	-12.5%
85th	Senegal	18.42%	12.5%
86th	Marshall Islands	18.60%	3.8%
87th	Slovak Republic	18.76%	1.6%
88th	Mauritius	19.13%	5.5%
89th	Ukraine	19.20%	-4.7%
90th	Nepal	19.81%	3.8%
91st	Bosnia and Herzegovina	19.83%	-1.6%
92nd	European Union	19.89%	0.4%
93rd	Micronesia, Federated States of	19.91%	-22.9%
94th	Morocco	19.91%	-1.8%
95th	Maldives	19.94%	-1.0%
96th	Lithuania	20.09%	19.9%
97th	Bulgaria	20.60%	3.1%
98th	Finland	20.78%	-0.9%
99th	Estonia	21.06%	1.1%
100th	Botswana	21.10%	-3.0%
101st	Tonga	21.14%	-2.8%
102nd	Iceland	21.66%	-4.2%
103rd	Slovenia	21.70%	-1.5%
104th	Croatia	21.97%	0.9%
105th	Israel	22.22%	-2.2%
106th	Solomon Islands	22.23%	-12.9%
107th	Hungary	22.24%	-0.9%
108th	Armenia	22.29%	6.8%
109th	Kiribati	22.30%	24.5%
110th	Portugal	22.45%	-1.7%
111th	Belgium	22.60%	-6.0%
112th	Timor-Leste	22.81%	-9.7%
113th	Georgia	22.90%	3.9%
114th	Serbia	23.00%	1.6%
115th	Cyprus	23.07%	-3.2%
116th	Fiji	23.25%	-3.1%
117th	Norway	23.28%	-0.1%
118th	Australia	23.31%	0.8%
119th	Netherlands	23.58%	2.7%
120th	Samoa	24.39%	2.1%
121st	Eswatini	24.53%	0.8%
122nd	France	24.66%	1.4%
123rd	Italy	24.66%	1.7%
124th	South Africa	24.87%	-0.1%
125th	United Kingdom	24.91%	-1.6%
126th	Malta	25.10%	-1.3%
127th	Jamaica	25.53%	2.1%
128th	Austria	25.81%	0.3%
129th	Greece	25.93%	-4.3%
130th	Mozambique	26.68%	25.9%
131st	Luxembourg	26.89%	0.0%
132nd	Sweden	27.70%	-2.3%
133rd	New Zealand	28.15%	2.5%
134th	Macao SAR, China	29.81%	1.1%
135th	Namibia	30.39%	5.1%
136th	Lesotho	32.54%	2.3%
137th	Nauru	34.15%	18.4%
138th	Denmark	34.98%	8.0%

FAQ

What was Iceland's tax revenue in 2019?▾

Iceland's tax revenue in 2019 was 21.66%. This ranked 102nd globally.

How did Iceland's tax revenue change in 2019?▾

Iceland's tax revenue decreased by 4.2% in 2019 compared to 2018.

Which country had the highest tax revenue in 2019?▾

Denmark had the highest tax revenue in 2019 at 34.98%.

What is the tax revenue of Iceland in 2019?▾

The tax revenue of Iceland in 2019 was 21.66%. This ranked 102nd globally.

How does 2019 compare to 2018 for Iceland's tax revenue?▾

Iceland's tax revenue went from 22.62% in 2018 to 21.66% in 2019, a 4.2% decrease.

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