Australia vs Iceland: Share of central government spending funded by taxes
Australia
74.4%
in 2022
Iceland
73.2%
in 2023
Australia rank
27th
Iceland rank
30th
Share of central government spending funded by taxes over time
- Australia
- Iceland
How they compare
Australia currently reports 74.4% against 73.2% in Iceland, a difference of 1.2%.
The two have swapped places 2 times across 23 shared years of data; in 2000 it was Australia ahead.
Australia ranks 27th and Iceland ranks 30th of 174 countries.
Australia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 84.3% | 73.0% | 11.4% | Australia |
| 2010s | 73.6% | 71.7% | 1.9% | Australia |
| 2020s | 68.3% | 66.2% | 2.1% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher share of central government spending funded by taxes, Australia or Iceland?
- Australia, at 74.4% against 73.2% in Iceland as of 2022.
- What is the difference in share of central government spending funded by taxes between Australia and Iceland?
- 1.2%, with Australia ahead.
- How many years of comparable data are there for Australia and Iceland?
- 23 years are reported by both, from 2000 to 2022.
- How do Australia and Iceland rank globally for share of central government spending funded by taxes?
- Australia ranks 27th and Iceland ranks 30th of 174 countries.
- Where does this data come from?
- International Monetary Fund – with minor processing by Our World in Data, published as Share of central government spending funded by taxes. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.