Iceland vs Luxembourg: Taxes on incomes of individuals and corporations as share of GDP
Iceland
18.5%
in 2023
Luxembourg
16.6%
in 2023
Iceland rank
6th
Luxembourg rank
8th
Taxes on incomes of individuals and corporations as share of GDP over time
- Iceland
- Luxembourg
How they compare
Iceland currently reports 18.5% against 16.6% in Luxembourg, a difference of 1.9%.
That makes Iceland's figure about 1.1 times Luxembourg's.
The two have swapped places 1 time across 44 shared years of data; in 1980 it was Luxembourg ahead.
Iceland ranks 6th and Luxembourg ranks 8th of 184 countries.
Across the 5 decades both report, Iceland averaged higher in 3 and Luxembourg in 2.
Head to head by decade
| Decade | Iceland | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 7.1% | 15.4% | 8.3% | Luxembourg |
| 1990s | 10.7% | 14.1% | 3.4% | Luxembourg |
| 2000s | 15.8% | 13.0% | 2.8% | Iceland |
| 2010s | 16.5% | 13.5% | 3.1% | Iceland |
| 2020s | 18.1% | 15.1% | 3.0% | 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, Iceland or Luxembourg?
- Iceland, at 18.5% against 16.6% in Luxembourg as of 2023.
- What is the difference in taxes on incomes of individuals and corporations as share of gdp between Iceland and Luxembourg?
- 1.9%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Luxembourg?
- 44 years are reported by both, from 1980 to 2023.
- How do Iceland and Luxembourg rank globally for taxes on incomes of individuals and corporations as share of gdp?
- Iceland ranks 6th and Luxembourg ranks 8th 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.