Iceland vs Jamaica: Taxes less subsidies on products

Iceland
352.05 billion constant LCU
in 2025
Jamaica
307.68 billion constant LCU
in 2025
Iceland rank
51st
Jamaica rank
54th

Taxes less subsidies on products over time

  • Iceland
  • Jamaica
0100.0B200.0B300.0B400.0B196619952025

How they compare

Iceland currently reports 352.05 billion constant LCU against 307.68 billion constant LCU in Jamaica, a difference of 44.37 billion constant LCU.

That makes Iceland's figure about 1.1 times Jamaica's.

The two have swapped places 1 time across 31 shared years of data; in 1995 it was Jamaica ahead.

Iceland ranks 51st and Jamaica ranks 54th of 189 countries.

Across the 4 decades both report, Iceland averaged higher in 2 and Jamaica in 2.

Head to head by decade

Decade Iceland Jamaica Difference Ahead
1990s 161.57 billion constant LCU 247.01 billion constant LCU 85.44 billion constant LCU Jamaica
2000s 223.37 billion constant LCU 264.63 billion constant LCU 41.26 billion constant LCU Jamaica
2010s 271.98 billion constant LCU 267.16 billion constant LCU 4.82 billion constant LCU Iceland
2020s 331.30 billion constant LCU 295.84 billion constant LCU 35.46 billion constant LCU Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher taxes less subsidies on products, Iceland or Jamaica?
Iceland, at 352.05 billion constant LCU against 307.68 billion constant LCU in Jamaica as of 2025.
What is the difference in taxes less subsidies on products between Iceland and Jamaica?
44.37 billion constant LCU, with Iceland ahead.
How many years of comparable data are there for Iceland and Jamaica?
31 years are reported by both, from 1995 to 2025.
How do Iceland and Jamaica rank globally for taxes less subsidies on products?
Iceland ranks 51st and Jamaica ranks 54th of 189 countries.
Where does this data come from?
Country official statistics, National Statistical Organizations and/or Central Banks, published as Taxes less subsidies on products (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Jamaica: Taxes less subsidies on products. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 10 September 2026, from https://economy.statizoid.com/compare/taxes-less-subsidies-on-products-constant-lcu/iceland/jamaica/

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About this data

Indicator
Taxes less subsidies on products (constant LCU)
Unit
constant LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 7,356 data points, 1960–2025
Last refreshed

Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.