Belgium vs Iceland: Taxes on incomes of individuals and corporations as share of GDP
Belgium
15.8%
in 2023
Iceland
18.5%
in 2023
Belgium rank
9th
Iceland rank
6th
Taxes on incomes of individuals and corporations as share of GDP over time
- Belgium
- Iceland
How they compare
Iceland currently reports 18.5% against 15.8% in Belgium, a difference of 2.7%.
That makes Iceland's figure about 1.2 times Belgium's.
The two have swapped places 5 times across 44 shared years of data; in 1980 it was Belgium ahead.
Belgium ranks 9th and Iceland ranks 6th of 184 countries.
Across the 5 decades both report, Belgium averaged higher in 3 and Iceland in 2.
Head to head by decade
| Decade | Belgium | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 17.5% | 7.1% | 10.4% | Belgium |
| 1990s | 16.2% | 10.7% | 5.5% | Belgium |
| 2000s | 16.1% | 15.8% | 0.4% | Belgium |
| 2010s | 15.5% | 16.5% | 1.0% | Iceland |
| 2020s | 15.4% | 18.1% | 2.7% | Iceland |
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, Belgium or Iceland?
- Iceland, at 18.5% against 15.8% in Belgium as of 2023.
- What is the difference in taxes on incomes of individuals and corporations as share of gdp between Belgium and Iceland?
- 2.7%, with Iceland ahead.
- How many years of comparable data are there for Belgium and Iceland?
- 44 years are reported by both, from 1980 to 2023.
- How do Belgium and Iceland rank globally for taxes on incomes of individuals and corporations as share of gdp?
- Belgium ranks 9th 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.