Iceland—Taxes on International Trade (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #105 of 116Updated April 2026
Latest Value
0.4%
2023
YoY Change
-9.5%
2022 → 2023
Global Rank
#105
of 116 countries
Maximum
1.2%
2001
Minimum
0.3%
2020
CAGR
-4.2%
24 years
Last
0.4%
Previous
0.5%
Highest
1.2%
Lowest
0.3%
Source
World Bank World Development Indicators
Iceland's taxes on international trade (% of revenue) was 0.4% in 2023, ranking #105 out of 116 countries. This represents a -9.5% change from 2022. Over the past 24 years, the highest recorded value was 1.2% (2001) and the lowest was 0.3% (2020). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 0.4% | -9.5% |
| 2022 | 0.5% | +13.6% |
| 2021 | 0.4% | +46.0% |
| 2020 | 0.3% | -19.8% |
| 2019 | 0.4% | -15.1% |
| 2018 | 0.4% | +0.0% |
| 2017 | 0.4% | +3.7% |
| 2016 | 0.4% | -36.6% |
| 2015 | 0.7% | -19.1% |
| 2014 | 0.8% | -5.9% |
| 2013 | 0.9% | -28.0% |
| 2012 | 1.2% | -2.1% |
| 2011 | 1.2% | +11.9% |
| 2010 | 1.1% | +17.0% |
| 2009 | 0.9% | +3.1% |
| 2008 | 0.9% | -10.7% |
| 2007 | 1.0% | +6.8% |
| 2006 | 1.0% | +11.5% |
| 2005 | 0.9% | -14.2% |
| 2004 | 1.0% | +0.5% |
| 2003 | 1.0% | +2.2% |
| 2002 | 1.0% | -21.9% |
| 2001 | 1.2% | +5.0% |
| 2000 | 1.2% |
Top Countries — Taxes on International Trade (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Eswatini | 35.5% | 2021 |
| 2 | Botswana | 32.6% | 2024 |
| 3 | Namibia | 30.6% | 2023 |
| 4 | Solomon Islands | 27.6% | 2022 |
| 5 | Cote d'Ivoire | 25.5% | 2023 |
| 6 | Bahamas, The | 23.7% | 2023 |
| 7 | Philippines | 23.1% | 2023 |
| 8 | Gabon | 19.8% | 2021 |
| 9 | Somalia, Fed. Rep. | 18.5% | 2024 |
| 10 | Ethiopia | 18.5% | 2024 |