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Iceland - Tax Revenue 2023

Name: Iceland Tax Revenue 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Tax revenue as % of GDP · World Bank

23.18% +1.01% from 2022 Global rank: 83rd

Iceland's tax revenue was 23.18% in 2023, increased +1.01% from 22.16% in 2022. This was the 83rd highest globally.

Global Ranking - 2023▾

Tax Revenue by Country - 2023
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	14.4%
2nd	United Arab Emirates	0.62%	8.4%
3rd	China	7.64%	1.6%
4th	Saudi Arabia	7.80%	12.2%
5th	Guinea-Bissau	8.64%	-0.6%
6th	Angola	8.87%	-30.3%
7th	Switzerland	9.00%	0.2%
8th	Madagascar	9.61%	4.1%
9th	Sri Lanka	9.92%	36.3%
10th	Argentina	9.93%	-10.3%
11th	Paraguay	10.14%	-1.2%
12th	Germany	10.64%	-5.1%
13th	Tajikistan	10.75%	3.9%
14th	United States	10.81%	-15.5%
15th	Tanzania	11.49%	-2.6%
16th	Uzbekistan	11.53%	-3.8%
17th	Guatemala	11.57%	-2.1%
18th	Kazakhstan	11.89%	-1.4%
19th	Russian Federation	12.07%	11.3%
20th	Cambodia	12.20%	-9.7%
21st	Malaysia	12.56%	8.0%
22nd	Belarus	12.70%	13.1%
23rd	Uganda	12.97%	3.3%
24th	Côte d'Ivoire	13.04%	10.3%
25th	Rwanda	13.51%	-1.3%
26th	Togo	13.79%	2.9%
27th	Singapore	13.89%	17.9%
28th	Costa Rica	13.91%	-3.1%
29th	Nepal	13.94%	-20.2%
30th	Andorra	13.95%	-6.9%
31st	Brazil	14.04%	-4.6%
32nd	Kenya	14.06%	-3.7%
33rd	Canada	14.09%	2.6%
34th	Philippines	14.10%	-3.5%
35th	Mexico	14.19%	5.9%
36th	Mongolia	14.30%	-9.4%
37th	Dominican Republic	14.51%	4.4%
38th	Korea	14.60%	-14.9%
39th	Spain	15.00%	-3.1%
40th	Thailand	15.49%	2.3%
41st	Papua New Guinea	15.93%	7.9%
42nd	Bahamas, The	16.20%	4.3%
43rd	Latvia	16.63%	-3.0%
44th	Jordan	17.05%	-2.4%
45th	San Marino	17.27%	-3.0%
46th	Ukraine	17.46%	4.6%
47th	Colombia	17.56%	15.1%
48th	Vanuatu	17.57%	11.7%
49th	Kiribati	17.72%	-12.5%
50th	Chile	17.72%	-17.0%
51st	North Macedonia	17.76%	0.4%
52nd	Azerbaijan	17.79%	15.1%
53rd	Albania	17.80%	-1.4%
54th	Poland	18.00%	5.1%
55th	Türkiye	18.22%	6.1%
56th	Burkina Faso	18.55%	3.9%
57th	Moldova	18.59%	-1.8%
58th	Uruguay	18.66%	0.3%
59th	Botswana	18.71%	-4.8%
60th	Bosnia and Herzegovina	19.06%	-0.2%
61st	Slovak Republic	19.31%	-1.4%
62nd	Senegal	19.54%	5.1%
63rd	European Union	19.57%	-1.4%
64th	Kyrgyz Republic	19.61%	0.3%
65th	Nicaragua	19.94%	0.4%
66th	Slovenia	20.32%	-3.4%
67th	Tonga	20.45%	0.3%
68th	Bulgaria	20.51%	-5.6%
69th	Fiji	20.54%	11.0%
70th	Mauritius	20.59%	8.2%
71st	El Salvador	20.71%	-2.2%
72nd	Morocco	20.74%	-6.0%
73rd	Croatia	21.18%	-2.3%
74th	Estonia	21.33%	1.1%
75th	Lithuania	21.42%	0.6%
76th	Malta	21.48%	-6.6%
77th	Israel	22.14%	-11.5%
78th	Mozambique	22.36%	-1.3%
79th	Armenia	22.39%	2.6%
80th	Portugal	22.62%	-2.4%
81st	Macao SAR, China	22.93%	36.9%
82nd	France	23.08%	-6.0%
83rd	Iceland	23.18%	4.6%
84th	Cyprus	23.27%	1.4%
85th	Georgia	23.60%	3.0%
86th	Samoa	23.96%	-0.3%
87th	Italy	24.71%	0.4%
88th	Netherlands	25.25%	5.7%
89th	Finland	25.38%	19.7%
90th	South Africa	25.40%	-2.4%
91st	Austria	25.64%	-1.9%
92nd	Greece	26.69%	-3.9%
93rd	Luxembourg	26.85%	0.6%
94th	United Kingdom	26.87%	1.2%
95th	Norway	27.05%	-13.7%
96th	Sweden	27.58%	-2.1%
97th	New Zealand	30.67%	3.6%
98th	Denmark	31.59%	2.5%
99th	Namibia	32.96%	21.3%
100th	Lesotho	40.22%	32.1%

FAQ

What was Iceland's tax revenue in 2023?▾

Iceland's tax revenue in 2023 was 23.18%. This ranked 83rd globally.

How did Iceland's tax revenue change in 2023?▾

Iceland's tax revenue increased by 4.6% in 2023 compared to 2022.

Which country had the highest tax revenue in 2023?▾

Lesotho had the highest tax revenue in 2023 at 40.22%.

What is the tax revenue of Iceland in 2023?▾

The tax revenue of Iceland in 2023 was 23.18%. This ranked 83rd globally.

How does 2023 compare to 2022 for Iceland's tax revenue?▾

Iceland's tax revenue went from 22.16% in 2022 to 23.18% in 2023, a 4.6% increase.

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