Which has higher revenue, excluding grants, Iceland or Türkiye?

Türkiye, at 31.5% against 31.4% in Iceland as of 2024.

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

42 years are reported by both, from 1972 to 2023.

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 Türkiye: Revenue, excluding grants

Iceland

31.4%

in 2023

Türkiye

31.5%

in 2024

Iceland rank

43rd

Türkiye rank

41st

Revenue, excluding grants over time

Iceland
Türkiye

How they compare

Türkiye currently reports 31.5% against 31.4% in Iceland, a difference of 0.1%.

The two have swapped places 3 times across 42 shared years of data; in 1972 it was Iceland ahead.

Iceland ranks 43rd and Türkiye ranks 41st of 157 countries.

Iceland has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade	Iceland	Türkiye	Difference	Ahead
1970s	24.9%	16.9%	8.0%	Iceland
1980s	25.2%	14.9%	10.3%	Iceland
1990s	28.4%	15.6%	12.8%	Iceland
2000s	37.0%	31.2%	5.9%	Iceland
2010s	34.1%	30.4%	3.7%	Iceland
2020s	29.9%	29.8%	0.0%	Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher revenue, excluding grants, Iceland or Türkiye?: Türkiye, at 31.5% against 31.4% in Iceland as of 2024.
What is the difference in revenue, excluding grants between Iceland and Türkiye?: 0.1%, with Türkiye ahead.
How many years of comparable data are there for Iceland and Türkiye?: 42 years are reported by both, from 1972 to 2023.
How do Iceland and Türkiye rank globally for revenue, excluding grants?: Iceland ranks 43rd and Türkiye ranks 41st 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 Türkiye: Revenue, excluding grants. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 15 September 2026, from https://economy.statizoid.com/compare/revenue-excluding-grants-percent-of-gdp/iceland/turkiye/

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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.