Bahamas vs Iceland: Taxes on goods and services as share of GDP
Bahamas
11.4%
in 2023
Iceland
11.3%
in 2023
Bahamas rank
45th
Iceland rank
46th
Taxes on goods and services as share of GDP over time
- Bahamas
- Iceland
How they compare
Bahamas currently reports 11.4% against 11.3% in Iceland, a difference of 0.1%.
The two have swapped places 3 times across 43 shared years of data; in 1980 it was Iceland ahead.
Bahamas ranks 45th and Iceland ranks 46th of 187 countries.
Across the 5 decades both report, Bahamas averaged higher in 1 and Iceland in 4.
Head to head by decade
| Decade | Bahamas | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.9% | 14.1% | 13.1% | Iceland |
| 1990s | 0.7% | 15.0% | 14.2% | Iceland |
| 2000s | 2.0% | 14.7% | 12.7% | Iceland |
| 2010s | 5.3% | 11.6% | 6.3% | Iceland |
| 2020s | 11.6% | 11.4% | 0.2% | Bahamas |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services as share of gdp, Bahamas or Iceland?
- Bahamas, at 11.4% against 11.3% in Iceland as of 2023.
- What is the difference in taxes on goods and services as share of gdp between Bahamas and Iceland?
- 0.1%, with Bahamas ahead.
- How many years of comparable data are there for Bahamas and Iceland?
- 43 years are reported by both, from 1980 to 2023.
- How do Bahamas and Iceland rank globally for taxes on goods and services as share of gdp?
- Bahamas ranks 45th and Iceland ranks 46th of 187 countries.
- Where does this data come from?
- UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as Taxes on goods and services as share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Tax revenue on goods and services (including sales taxes, value added taxes and excise duties) divided by gross domestic product, expressed as a percentage.