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Iceland

Tax Revenue

21.78
percent of GDP
Source: IMF

Global Ranking

29
Belgium22.61
30
Hungary22.48
31
Israel22.36
32
Armenia22.29
33
Portugal22.2
34
Iceland21.78
35
Croatia21.71
36
Morocco21.42
37
Georgia21.41
38
Estonia21.32
39
Botswana21.27
39
Latvia21.27

Europe Ranking

13
Norway23.16
14
Belgium22.61
15
Hungary22.48
16
Armenia22.29
17
Portugal22.2
18
Iceland21.78
19
Croatia21.71
20
Georgia21.41
21
Estonia21.32
22
Latvia21.27
23
Finland20.67

Definition of Tax Revenue

Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

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