Australia vs Iceland: Taxes on incomes of individuals and corporations as share of GDP
Australia
18.9%
in 2022
Iceland
18.5%
in 2023
Australia rank
5th
Iceland rank
6th
Taxes on incomes of individuals and corporations as share of GDP over time
- Australia
- Iceland
How they compare
Australia currently reports 18.9% against 18.5% in Iceland, a difference of 0.4%.
The two have swapped places 4 times across 43 shared years of data; in 1980 it was Australia ahead.
Australia ranks 5th and Iceland ranks 6th of 184 countries.
Across the 5 decades both report, Australia averaged higher in 4 and Iceland in 1.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 16.1% | 7.1% | 9.0% | Australia |
| 1990s | 16.2% | 10.7% | 5.5% | Australia |
| 2000s | 17.3% | 15.8% | 1.5% | Australia |
| 2010s | 16.1% | 16.5% | 0.5% | Iceland |
| 2020s | 18.5% | 18.0% | 0.5% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on incomes of individuals and corporations as share of gdp, Australia or Iceland?
- Australia, at 18.9% against 18.5% in Iceland as of 2022.
- What is the difference in taxes on incomes of individuals and corporations as share of gdp between Australia and Iceland?
- 0.4%, with Australia ahead.
- How many years of comparable data are there for Australia and Iceland?
- 43 years are reported by both, from 1980 to 2022.
- How do Australia and Iceland rank globally for taxes on incomes of individuals and corporations as share of gdp?
- Australia ranks 5th and Iceland ranks 6th of 184 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 incomes of individuals and corporations 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 incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.