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Tax Revenue / Iceland
Public Finance

Iceland Tax Revenue

Current and historical tax revenue data for Iceland, including latest value (23.18), trend, international ranking, comparison and source notes.
COUNTRY: Iceland
UNIT: percent of GDP
SOURCE: World Bank / public data sources
CACHE: partial
UPDATED: 2026-06-05T19:10:41+02:00
Economy Data Rating
Iceland · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
BBB
74 / 100
Stable economy
Fiscal stability 17.4 / 25
Macroeconomic stability 13.9 / 20
External stability 13.7 / 15
Financial robustness 10.5 / 15
Structural stability 6.9 / 10
Future capacity 8.9 / 10
Demographic capacity 3.1 / 5
Method: Economy Data 7-pillar stability model with structural financial robustness adjustment. This is a transparent Economy Data heuristic, not an official sovereign credit rating. Data coverage: 90% of weighted inputs available.
Time range: 1972–2023 1972– 2023
1972 2023
Selected year: 2023 · Value: n/a 2023

Iceland · tax revenue as a percentage of gdp.

1972–2023
23.18 percent of GDP
22.16 percent of GDP
24.01 percent of GDP
16 selected year
max 8 6 4 2 0
1972 1982 1992 2002 2012 2022 2023
tax revenue rate reference line

Countries by tax revenue

full ranking
Country Rate Class
Denmark 33.36 high
New Zealand 29.67 high
Luxembourg 28.64 high
Greece 27.38 high
Sweden 27.28 high
United Kingdom 26.96 medium
Austria 25.78 medium
Italy 25.63 medium

Interpretation

short note

This public finance indicator helps assess fiscal capacity, budget pressure and the role of government.

Values should be interpreted together with country context, time range, source coverage and related macroeconomic indicators.

Production version: show source, timestamp and fallback status here.

Comparison

latest
Germany 10.89
France 22.78
United Kingdom 26.96
United States 10.97
China 7.01

Related indicators

internal links
Government Revenue GC.REV.XGRT.GD.ZS
Government Expense GC.XPN.TOTL.GD.ZS
Government Debt GC.DOD.TOTL.GD.ZS
Fiscal Balance GC.BAL.CASH.GD.ZS
GDP Growth NY.GDP.MKTP.KD.ZG

Source layer

planned

Production version should display source, timestamp and fallback status here.

Provider: worldbank · Indicator code: GC.TAX.TOTL.GD.ZS

Cache: partial · Updated: 2026-06-05T19:10:41+02:00

Iceland Snapshot

country profile
Population 386,506
GDP 33.26 bn
Debt/GDP 80.16%
Inflation 5.86%
Unemployment 3.63%
Currency n/a
Region Europe
Income group High income

Iceland Tax Revenue: data context and use

This page is part of the Economy Data indicator system. It provides structured country-level economic data, historical series, rankings and comparison views for researchers, students, journalists and decision makers. The page combines indicator metadata, country context, latest available values, ranking information and source notes.

The selected indicator is Tax Revenue for Iceland. The data are designed for quick comparison across countries and for deeper interpretation together with related macroeconomic indicators such as GDP growth, government debt, unemployment, current account balance, exports, imports, population and inequality.

Keyphrase synonyms: iceland tax revenue rate, tax revenue data iceland, iceland tax revenue statistics, iceland percent of gdp.