Iceland vs New Zealand: Taxes on incomes of individuals and corporations as share of GDP
Iceland
18.5%
in 2023
New Zealand
20.3%
in 2023
Iceland rank
6th
New Zealand rank
4th
Taxes on incomes of individuals and corporations as share of GDP over time
- Iceland
- New Zealand
How they compare
New Zealand currently reports 20.3% against 18.5% in Iceland, a difference of 1.8%.
That makes New Zealand's figure about 1.1 times Iceland's.
The two have swapped places 4 times across 44 shared years of data; in 1980 it was New Zealand ahead.
Iceland ranks 6th and New Zealand ranks 4th of 184 countries.
New Zealand has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Iceland | New Zealand | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 7.1% | 22.8% | 15.7% | New Zealand |
| 1990s | 10.7% | 20.8% | 10.1% | New Zealand |
| 2000s | 15.8% | 20.8% | 5.0% | New Zealand |
| 2010s | 16.5% | 17.5% | 0.9% | New Zealand |
| 2020s | 18.1% | 20.3% | 2.2% | New Zealand |
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 New Zealand?
- New Zealand, at 20.3% against 18.5% in Iceland as of 2023.
- What is the difference in taxes on incomes of individuals and corporations as share of gdp between Iceland and New Zealand?
- 1.8%, with New Zealand ahead.
- How many years of comparable data are there for Iceland and New Zealand?
- 44 years are reported by both, from 1980 to 2023.
- How do Iceland and New Zealand rank globally for taxes on incomes of individuals and corporations as share of gdp?
- Iceland ranks 6th and New Zealand ranks 4th 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.