Which has higher revenue, excluding grants, Iceland or Marshall Islands?

Iceland, at 31.4% against 31.3% in Marshall Islands as of 2023.

How many years of comparable data are there for Iceland and Marshall Islands?

13 years are reported by both, from 2008 to 2020.

Where does this data come from?

Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Revenue, excluding grants (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland vs Marshall Islands: Revenue, excluding grants

Iceland

31.4%

in 2023

Marshall Islands

31.3%

in 2020

Iceland rank

43rd

Marshall Islands rank

44th

Revenue, excluding grants over time

Iceland
Marshall Islands

How they compare

Iceland currently reports 31.4% against 31.3% in Marshall Islands, a difference of 0.1%.

The two have swapped places 3 times across 13 shared years of data; in 2008 it was Iceland ahead.

Iceland ranks 43rd and Marshall Islands ranks 44th of 157 countries.

Across the 3 decades both report, Iceland averaged higher in 2 and Marshall Islands in 1.

Head to head by decade

Decade	Iceland	Marshall Islands	Difference	Ahead
2000s	37.0%	21.0%	16.0%	Iceland
2010s	34.1%	26.8%	7.4%	Iceland
2020s	28.9%	31.3%	2.4%	Marshall Islands

Averages of every year both report within each decade.

Frequently asked questions

Which has higher revenue, excluding grants, Iceland or Marshall Islands?: Iceland, at 31.4% against 31.3% in Marshall Islands as of 2023.
What is the difference in revenue, excluding grants between Iceland and Marshall Islands?: 0.1%, with Iceland ahead.
How many years of comparable data are there for Iceland and Marshall Islands?: 13 years are reported by both, from 2008 to 2020.
How do Iceland and Marshall Islands rank globally for revenue, excluding grants?: Iceland ranks 43rd and Marshall Islands ranks 44th of 157 countries.
Where does this data come from?: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Revenue, excluding grants (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Marshall Islands: Revenue, excluding grants. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 13 September 2026, from https://economy.statizoid.com/compare/revenue-excluding-grants-percent-of-gdp/iceland/marshall-islands/

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About this data

Indicator: Revenue, excluding grants (% of GDP)
Unit: % of GDP
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 192 places, 5,652 data points, 1972–2024
Last refreshed: 03 September 2026

Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.