Iceland vs Mongolia: Revenue, excluding grants
Iceland
31.4%
in 2023
Mongolia
31.6%
in 2024
Iceland rank
43rd
Mongolia rank
40th
Revenue, excluding grants 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 revenue, excluding grants, Iceland or Mongolia?
- Mongolia, at 31.6% against 31.4% in Iceland as of 2024.
- What is the difference in revenue, excluding grants 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 revenue, excluding grants?
- Iceland ranks 43rd and Mongolia ranks 40th 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.
Individual pages
About this data
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.