Tax Revenue (As % of GDP) rose 64.7% to 37.8% in Iceland in 2016

Tax Revenue (As % of GDP) (%), 2016
Economy | Iceland | May 17, 2019
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Tax revenue as a share of GDP rose 64.7% to 37.8% in Iceland in 2016, according to the National Statistical Office.

Historically, tax revenue as a share of GDP in Iceland reached an all time high of 37.8% in 2016 and an all time low of 20.1% in 2009. When compared to Iceland's main peers, tax revenue as a share of GDP in Denmark amounted to 33.5%, 21.8% in Norway, 27.8% in Sweden and 25.5% in United Kingdom in 2016.

Iceland has been ranked 1st within the group of 112 countries we follow in terms of tax revenue as a share of GDP, 12 places above the position seen 10 years ago.

Tax Revenue (As % of GDP) Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Belgium % 25.4% 25.4% 23.6% 22.1% 22.7% ...
Denmark % 33.8% 36.5% 33.9% 33.3% 33.4% ...
Finland % 20.6% 20.6% 20.5% 20.8% 20.8% ...
France % 15.6% 15.4% 15.5% 15.4% 16.0% ...
Germany % 11.6% 11.5% 11.4% 11.3% 11.4% ...
Iceland % 22.0% 24.6% 22.9% 37.9% 24.2%
Ireland % 22.9% 23.1% 18.8% 18.9% 18.3% ...
Netherlands % 19.7% 20.6% 21.2% 21.9% 23.1% ...
Norway % 25.2% 23.6% 22.2% 22.1% 22.5% ...
Russia % 12.9% 13.3% 10.6% 9.18% 10.3%
Sweden % 26.5% 26.5% 27.1% 28.1% 28.1% ...
United Kingdom % 25.0% 24.8% 25.0% 25.3% 25.5% ...