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Iceland - Tax Revenue 2025

Name: Iceland Tax Revenue 2025
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Tax revenue as % of GDP · World Bank

23.29% +0.11% from 2024 Global rank: 20th

Iceland's tax revenue was 23.29% in 2025. This was the 20th highest globally.

Global Ranking - 2025▾

Tax Revenue by Country - 2025
Rank	Country	Value	YoY
1st	Lesotho	38.44%	3.1%
2nd	Norway	32.74%	21.0%
3rd	New Zealand	31.88%	3.9%
4th	Namibia	30.40%	-7.8%
5th	Denmark	29.24%	-7.5%
6th	Sweden	28.06%	1.7%
7th	Greece	27.92%	4.6%
8th	United Kingdom	27.90%	3.5%
9th	Luxembourg	26.79%	-0.2%
10th	South Africa	26.63%	4.8%
11th	Austria	26.10%	1.8%
12th	Finland	25.79%	1.6%
13th	Netherlands	25.53%	1.1%
14th	Georgia	25.17%	3.7%
15th	Italy	24.68%	-0.1%
16th	Israel	24.31%	9.8%
17th	Samoa	23.76%	-0.8%
18th	Australia	23.39%	-0.7%
19th	Cyprus	23.32%	0.2%
20th	Iceland	23.29%	0.5%
21st	Portugal	23.06%	1.9%
22nd	Hungary	22.96%	-2.0%
23rd	France	22.85%	-1.0%
24th	Kyrgyz Republic	22.75%	11.6%
25th	Armenia	22.51%	0.6%
26th	El Salvador	22.46%	4.5%
27th	Mozambique	22.31%	2.1%
28th	Lithuania	22.29%	4.1%
29th	Belgium	21.98%	-3.6%
30th	Morocco	21.96%	5.9%
31st	Serbia	21.91%	-8.3%
32nd	Nicaragua	21.77%	9.2%
33rd	Estonia	21.55%	1.1%
34th	Bulgaria	21.27%	3.7%
35th	Croatia	21.04%	-0.7%
36th	Chile	20.59%	16.2%
37th	Mauritius	20.56%	0.1%
38th	Burkina Faso	20.34%	9.6%
39th	Malta	20.20%	-6.0%
40th	Bosnia and Herzegovina	20.18%	-0.6%
41st	Botswana	20.14%	-10.4%
42nd	Slovenia	20.14%	-0.9%
43rd	Tonga	20.07%	-1.9%
44th	Slovak Republic	19.90%	3.1%
45th	Senegal	19.66%	0.6%
46th	European Union	19.61%	0.2%
47th	Moldova	19.44%	4.6%
48th	Ukraine	19.32%	-8.1%
49th	Jordan	18.87%	10.7%
50th	Uruguay	18.38%	1.2%
51st	North Macedonia	18.37%	3.5%
52nd	Poland	18.32%	1.8%
53rd	Solomon Islands	18.28%	-17.2%
54th	Azerbaijan	18.17%	2.2%
55th	Albania	18.12%	1.8%
56th	San Marino	18.04%	4.5%
57th	Türkiye	17.90%	1.6%
58th	Fiji	17.37%	-15.4%
59th	Latvia	17.24%	3.7%
60th	Papua New Guinea	17.04%	6.9%
61st	Colombia	17.00%	11.2%
62nd	Romania	16.84%	3.9%
63rd	Vanuatu	16.82%	-4.3%
64th	Korea	16.62%	13.9%
65th	Kiribati	16.55%	-6.6%
66th	Mongolia	16.44%	-2.5%
67th	Spain	16.37%	9.2%
68th	Brazil	15.79%	2.5%
69th	Ireland	15.66%	-6.7%
70th	Thailand	15.39%	0.9%
71st	Dominican Republic	15.36%	4.5%
72nd	Costa Rica	14.89%	7.1%
73rd	Andorra	14.77%	5.9%
74th	Bahamas, The	14.67%	-9.4%
75th	Macao SAR, China	14.62%	-36.2%
76th	Mexico	14.47%	1.9%
77th	Canada	14.37%	1.0%
78th	Singapore	14.29%	0.7%
79th	Philippines	14.22%	0.8%
80th	Togo	13.91%	0.9%
81st	Kenya	13.61%	-3.2%
82nd	Malawi	13.41%	-0.7%
83rd	Uganda	13.37%	3.1%
84th	Côte d'Ivoire	13.25%	1.6%
85th	Rwanda	12.83%	-5.0%
86th	Guatemala	12.72%	9.9%
87th	Tanzania	12.61%	-1.5%
88th	Malaysia	12.45%	-0.9%
89th	Kazakhstan	12.28%	3.3%
90th	Ghana	12.20%	-0.8%
91st	Russian Federation	12.20%	1.0%
92nd	Nepal	12.07%	-13.4%
93rd	Timor-Leste	12.02%	-44.5%
94th	Uzbekistan	11.93%	3.5%
95th	Ecuador	11.76%	-10.2%
96th	Belarus	11.62%	-8.5%
97th	Congo, Democratic Republic of	11.58%	8.6%
98th	Paraguay	11.46%	0.5%
99th	United States	11.40%	4.7%
100th	Cambodia	11.31%	-7.3%
101st	Czechia	10.96%	-13.3%
102nd	Lao PDR	10.87%	-10.2%
103rd	Tajikistan	10.61%	-1.4%
104th	Argentina	10.46%	5.3%
105th	Germany	10.28%	-3.4%
106th	Guinea-Bissau	9.11%	5.4%
107th	Madagascar	9.01%	-6.3%
108th	Switzerland	8.60%	-4.5%
109th	Saudi Arabia	7.83%	-4.3%
110th	Sri Lanka	7.66%	-22.7%
111th	China	7.13%	-6.7%
112th	India	5.88%	-12.6%
113th	Equatorial Guinea	5.57%	-15.6%
114th	Angola	3.90%	-49.7%
115th	United Arab Emirates	0.62%	-4.2%
116th	Somalia, Fed. Rep.	0.00%	25.6%

FAQ

What was Iceland's tax revenue in 2025?▾

Iceland's tax revenue in 2025 was 23.29%. This ranked 20th globally.

How did Iceland's tax revenue change in 2025?▾

Iceland's tax revenue increased by 0.5% in 2025 compared to 2024.

Which country had the highest tax revenue in 2025?▾

Lesotho had the highest tax revenue in 2025 at 38.44%.

What is the tax revenue of Iceland in 2025?▾

The tax revenue of Iceland in 2025 was 23.29%. This ranked 20th globally.

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