Iceland - Tax Revenue 2022
22.16%
+1.11% from 2021
Iceland's tax revenue was 22.16% in 2022, increased +1.11% from 21.06% in 2021. This was the 90th highest globally.
Global Ranking - 2022▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Somalia, Fed. Rep. | 0.00% | 0.7% |
| 2nd | United Arab Emirates | 0.57% | 8.1% |
| 3rd | Equatorial Guinea | 6.60% | 22.3% |
| 4th | India | 6.73% | -44.0% |
| 5th | Saudi Arabia | 6.95% | -19.2% |
| 6th | Sri Lanka | 7.28% | -1.3% |
| 7th | China | 7.52% | -3.6% |
| 8th | Guinea-Bissau | 8.70% | -1.0% |
| 9th | Switzerland | 8.99% | -10.7% |
| 10th | Madagascar | 9.24% | -11.0% |
| 11th | Paraguay | 10.27% | 4.8% |
| 12th | Tajikistan | 10.34% | 0.0% |
| 13th | Congo, Democratic Republic of | 10.66% | 35.5% |
| 14th | Russian Federation | 10.85% | -7.3% |
| 15th | Argentina | 11.06% | -2.4% |
| 16th | Germany | 11.20% | -2.4% |
| 17th | Belarus | 11.23% | -12.4% |
| 18th | Malaysia | 11.63% | 3.7% |
| 19th | Singapore | 11.78% | -7.5% |
| 20th | Tanzania | 11.79% | 8.6% |
| 21st | Côte d'Ivoire | 11.82% | -4.6% |
| 22nd | Guatemala | 11.82% | 2.2% |
| 23rd | Uzbekistan | 11.99% | -10.3% |
| 24th | Kazakhstan | 12.06% | 27.7% |
| 25th | Lao PDR | 12.11% | 16.6% |
| 26th | Ghana | 12.30% | 0.4% |
| 27th | Uganda | 12.55% | 0.7% |
| 28th | Czechia | 12.64% | -2.3% |
| 29th | Angola | 12.73% | 19.0% |
| 30th | United States | 12.80% | 10.6% |
| 31st | Ecuador | 13.09% | 2.8% |
| 32nd | Mexico | 13.40% | -0.1% |
| 33rd | Togo | 13.40% | -3.4% |
| 34th | Malawi | 13.50% | 16.5% |
| 35th | Cambodia | 13.52% | 12.7% |
| 36th | Rwanda | 13.68% | -5.4% |
| 37th | Canada | 13.74% | -1.9% |
| 38th | Dominican Republic | 13.91% | -3.2% |
| 39th | Costa Rica | 14.35% | 2.2% |
| 40th | Kenya | 14.60% | 7.7% |
| 41st | Philippines | 14.62% | 3.5% |
| 42nd | Brazil | 14.73% | 4.2% |
| 43rd | Papua New Guinea | 14.77% | 21.6% |
| 44th | Andorra | 14.98% | 14.3% |
| 45th | Thailand | 15.14% | 0.4% |
| 46th | Colombia | 15.26% | 5.7% |
| 47th | Azerbaijan | 15.45% | 15.1% |
| 48th | Spain | 15.47% | 4.0% |
| 49th | Bahamas, The | 15.53% | 16.0% |
| 50th | Vanuatu | 15.72% | -1.0% |
| 51st | Mongolia | 15.77% | -6.7% |
| 52nd | Romania | 16.21% | 8.1% |
| 53rd | Ukraine | 16.69% | -12.5% |
| 54th | Macao SAR, China | 16.75% | -14.2% |
| 55th | Ireland | 16.79% | 1.0% |
| 56th | Poland | 17.12% | -9.7% |
| 57th | Latvia | 17.15% | 4.3% |
| 58th | Korea | 17.16% | 9.5% |
| 59th | Türkiye | 17.18% | -1.7% |
| 60th | Jordan | 17.47% | 2.0% |
| 61st | North Macedonia | 17.69% | 1.7% |
| 62nd | San Marino | 17.81% | 3.0% |
| 63rd | Burkina Faso | 17.86% | 11.5% |
| 64th | Albania | 18.06% | -0.2% |
| 65th | Fiji | 18.50% | 12.6% |
| 66th | Senegal | 18.59% | 5.9% |
| 67th | Uruguay | 18.60% | 4.4% |
| 68th | Moldova | 18.92% | 2.9% |
| 69th | Mauritius | 19.04% | 5.5% |
| 70th | Bosnia and Herzegovina | 19.09% | 0.0% |
| 71st | Kyrgyz Republic | 19.54% | 18.5% |
| 72nd | Slovak Republic | 19.57% | 3.2% |
| 73rd | Botswana | 19.65% | -11.6% |
| 74th | European Union | 19.85% | -0.2% |
| 75th | Nicaragua | 19.86% | 5.5% |
| 76th | Kiribati | 20.25% | -7.3% |
| 77th | Tonga | 20.40% | -1.4% |
| 78th | Slovenia | 21.03% | -2.7% |
| 79th | Estonia | 21.10% | -3.0% |
| 80th | El Salvador | 21.16% | 7.5% |
| 81st | Finland | 21.20% | 1.8% |
| 82nd | Lithuania | 21.28% | 0.0% |
| 83rd | Chile | 21.34% | 8.4% |
| 84th | Timor-Leste | 21.64% | 43.5% |
| 85th | Croatia | 21.68% | 2.9% |
| 86th | Bulgaria | 21.73% | 5.5% |
| 87th | Armenia | 21.83% | -0.8% |
| 88th | Morocco | 22.06% | 12.2% |
| 89th | Solomon Islands | 22.07% | 5.3% |
| 90th | Iceland | 22.16% | 5.3% |
| 91st | Mozambique | 22.66% | -0.4% |
| 92nd | Belgium | 22.80% | -1.8% |
| 93rd | Georgia | 22.90% | 6.7% |
| 94th | Cyprus | 22.95% | 1.8% |
| 95th | Malta | 22.99% | 2.6% |
| 96th | Portugal | 23.17% | 4.0% |
| 97th | Hungary | 23.43% | 9.8% |
| 98th | Australia | 23.56% | 2.4% |
| 99th | Serbia | 23.89% | 21.5% |
| 100th | Netherlands | 23.90% | -1.7% |
| 101st | Samoa | 24.02% | -2.2% |
| 102nd | France | 24.55% | 2.4% |
| 103rd | Italy | 24.61% | -1.1% |
| 104th | Israel | 25.00% | 1.8% |
| 105th | South Africa | 26.02% | 0.3% |
| 106th | Austria | 26.13% | 0.4% |
| 107th | United Kingdom | 26.55% | 2.2% |
| 108th | Luxembourg | 26.68% | 2.6% |
| 109th | Namibia | 27.17% | -3.2% |
| 110th | Greece | 27.78% | 8.6% |
| 111th | Sweden | 28.17% | 0.6% |
| 112th | New Zealand | 29.60% | 2.0% |
| 113th | Lesotho | 30.44% | -4.5% |
| 114th | Denmark | 30.81% | -12.5% |
| 115th | Norway | 31.34% | 22.9% |
FAQ
What was Iceland's tax revenue in 2022?▾
Iceland's tax revenue in 2022 was 22.16%. This ranked 90th globally.
How did Iceland's tax revenue change in 2022?▾
Iceland's tax revenue increased by 5.3% in 2022 compared to 2021.
Which country had the highest tax revenue in 2022?▾
Norway had the highest tax revenue in 2022 at 31.34%.
What is the tax revenue of Iceland in 2022?▾
The tax revenue of Iceland in 2022 was 22.16%. This ranked 90th globally.
How does 2022 compare to 2021 for Iceland's tax revenue?▾
Iceland's tax revenue went from 21.06% in 2021 to 22.16% in 2022, a 5.3% increase.
Related
2021
2023
All years
Full ranking 2022
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Budget Deficit
Peak: 2016
Lowest: 1985
Tax Revenue 1990s
Tax Revenue 2000s
Tax Revenue 2010s
Tax Revenue 2020s
Highest ever
Lowest ever
Average
vs Cayman Islands
vs Singapore
vs Norway
vs United States
NATO Tax Revenue
OECD Tax Revenue
Global Ranking