Iceland vs Serbia: Taxes less subsidies on products (current LCU), per unit of GDP

Iceland
12.93 current LCU per US$ of GDP
in 2025
Serbia
15.25 current LCU per US$ of GDP
in 2025
Iceland rank
50th
Serbia rank
47th

Taxes less subsidies on products (current LCU), per unit of GDP over time

  • Iceland
  • Serbia
05101520199520102025

How they compare

Serbia currently reports 15.25 current LCU per US$ of GDP against 12.93 current LCU per US$ of GDP in Iceland, a difference of 2.32 current LCU per US$ of GDP.

That makes Serbia's figure about 1.2 times Iceland's.

The two have swapped places 5 times across 31 shared years of data; in 1995 it was Iceland ahead.

Iceland ranks 50th and Serbia ranks 47th of 197 countries.

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

Head to head by decade

Decade Iceland Serbia Difference Ahead
1990s 9.27 current LCU per US$ of GDP 0.5743 current LCU per US$ of GDP 8.69 current LCU per US$ of GDP Iceland
2000s 10 current LCU per US$ of GDP 9.58 current LCU per US$ of GDP 0.4237 current LCU per US$ of GDP Iceland
2010s 12.26 current LCU per US$ of GDP 14.99 current LCU per US$ of GDP 2.73 current LCU per US$ of GDP Serbia
2020s 13.73 current LCU per US$ of GDP 16.17 current LCU per US$ of GDP 2.44 current LCU per US$ of GDP Serbia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher taxes less subsidies on products (current lcu), per unit of gdp, Iceland or Serbia?
Serbia, at 15.25 current LCU per US$ of GDP against 12.93 current LCU per US$ of GDP in Iceland as of 2025.
What is the difference in taxes less subsidies on products (current lcu), per unit of gdp between Iceland and Serbia?
2.32 current LCU per US$ of GDP, with Serbia ahead.
How many years of comparable data are there for Iceland and Serbia?
31 years are reported by both, from 1995 to 2025.
How do Iceland and Serbia rank globally for taxes less subsidies on products (current lcu), per unit of gdp?
Iceland ranks 50th and Serbia ranks 47th of 197 countries.
Where does this data come from?
Statizoid (derived), published as Taxes less subsidies on products (current LCU), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Serbia: Taxes less subsidies on products (current LCU), per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 15 September 2026, from https://economy.statizoid.com/compare/taxes-less-subsidies-on-products-current-lcu-per-unit-of-gdp/iceland/serbia/

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About this data

Indicator
Taxes less subsidies on products (current LCU), per unit of GDP
Unit
current LCU per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
198 places, 8,406 data points, 1960–2025
Last refreshed

Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.