Denmark vs Iceland: Tax revenue

Denmark

976.36 billion current LCU

in 2024

Iceland

1.01 trillion current LCU

in 2023

Denmark rank

54th

Iceland rank

53rd

Tax revenue over time

Denmark
Iceland

How they compare

Iceland currently reports 1.01 trillion current LCU against 976.36 billion current LCU in Denmark, a difference of 36.33 billion current LCU.

The two have swapped places 3 times across 52 shared years of data; in 1972 it was Denmark ahead.

Globally, Denmark ranks 54th and Iceland ranks 53rd of 157 countries.

Individual pages

About this data

Indicator: Tax revenue (current LCU)
Unit: current LCU
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 157 places, 4,711 data points, 1972–2024
Last refreshed: 06 August 2026

Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.