Tax revenue as a share of gdp reached 22.3% in 2020 in Iceland, according to the National Statistical Office. This is 2.43% more than in the previous year.
Historically, tax revenue as a share of GDP in Iceland reached an all time high of 37.6% in 2016 and an all time low of 19.9% in 2009.
Iceland has been ranked 19th within the group of 111 countries we follow in terms of tax revenue as a share of GDP.
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