Iceland—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #49 of 139
Latest Value
35.2%
2023
YoY Change
-0.4%
2022 → 2023
Global Rank
#49
of 139 countries
Maximum
48.5%
2000
Minimum
23.7%
2016
CAGR
-1.4%
24 years
Last
35.2%
Previous
35.3%
Highest
48.5%
Lowest
23.7%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 35.2% | -0.4% |
| 2022 | 35.3% | -9.0% |
| 2021 | 38.8% | +3.0% |
| 2020 | 37.7% | +3.5% |
| 2019 | 36.4% | +2.0% |
| 2018 | 35.7% | -0.7% |
| 2017 | 36.0% | +51.5% |
| 2016 | 23.7% | -31.1% |
| 2015 | 34.5% | +7.9% |
| 2014 | 31.9% | -4.4% |
| 2013 | 33.4% | -0.8% |
| 2012 | 33.6% | +0.7% |
| 2011 | 33.4% | -2.8% |
| 2010 | 34.4% | +10.3% |
| 2009 | 31.2% | +3.7% |
| 2008 | 30.1% | -22.3% |
| 2007 | 38.7% | -3.7% |
| 2006 | 40.2% | -5.0% |
| 2005 | 42.3% | -11.9% |
| 2004 | 48.0% | +2.7% |
| 2003 | 46.7% | +2.6% |
| 2002 | 45.5% | +2.5% |
| 2001 | 44.4% | -8.5% |
| 2000 | 48.5% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →