Canada vs Iceland: Taxes on incomes of individuals and corporations as share of GDP
Canada
17.9%
in 2023
Iceland
18.5%
in 2023
Canada rank
7th
Iceland rank
6th
Taxes on incomes of individuals and corporations as share of GDP over time
- Canada
- Iceland
How they compare
Iceland currently reports 18.5% against 17.9% in Canada, a difference of 0.6%.
The two have swapped places 5 times across 44 shared years of data; in 1980 it was Canada ahead.
Canada ranks 7th and Iceland ranks 6th of 184 countries.
Across the 5 decades both report, Canada averaged higher in 2 and Iceland in 3.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 14.9% | 7.1% | 7.8% | Canada |
| 1990s | 16.7% | 10.7% | 6.0% | Canada |
| 2000s | 15.7% | 15.8% | 0.1% | Iceland |
| 2010s | 15.4% | 16.5% | 1.1% | Iceland |
| 2020s | 17.7% | 18.1% | 0.4% | 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, Canada or Iceland?
- Iceland, at 18.5% against 17.9% in Canada as of 2023.
- What is the difference in taxes on incomes of individuals and corporations as share of gdp between Canada and Iceland?
- 0.6%, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 44 years are reported by both, from 1980 to 2023.
- How do Canada and Iceland rank globally for taxes on incomes of individuals and corporations as share of gdp?
- Canada ranks 7th 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.