Iceland vs Mongolia: Central government revenues as a share of GDP
Iceland
31.4%
in 2023
Mongolia
31.6%
in 2024
Iceland rank
43rd
Mongolia rank
40th
Central government revenues as a share of GDP over time
- Iceland
- Mongolia
How they compare
Mongolia currently reports 31.6% against 31.4% in Iceland, a difference of 0.2%.
The two have swapped places 4 times across 30 shared years of data; in 1992 it was Iceland ahead.
Iceland ranks 43rd and Mongolia ranks 40th of 157 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 29.1% | 17.2% | 12.0% | Iceland |
| 2000s | 33.9% | 29.7% | 4.2% | Iceland |
| 2010s | 34.1% | 26.4% | 7.7% | Iceland |
| 2020s | 29.9% | 29.2% | 0.6% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher central government revenues as a share of gdp, Iceland or Mongolia?
- Mongolia, at 31.6% against 31.4% in Iceland as of 2024.
- What is the difference in central government revenues as a share of gdp between Iceland and Mongolia?
- 0.2%, with Mongolia ahead.
- How many years of comparable data are there for Iceland and Mongolia?
- 30 years are reported by both, from 1992 to 2023.
- How do Iceland and Mongolia rank globally for central government revenues as a share of gdp?
- Iceland ranks 43rd and Mongolia ranks 40th of 157 countries.
- Where does this data come from?
- International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as Central government revenues as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included. Grants excluded.