24Peaks / Europe / Iceland / VAT Revenue (% of GDP)

Iceland - VAT Revenue (% of GDP) 7.98

IMF World Revenue · updated 2026-10-03 · 151 economies tracked

Latest value

7.98 (2019)

Global rank

##29 of 151 economies

Share of global total

1.0%

Growth since 1990

0.92×

Ranking Race — VAT Revenue (% of GDP)

1 = global #1 · higher value ranks higher

#1#10#19#28#37#46#551990199520002005201020152020#1#292016 overtook Belarus2017 overtook Norway
IcelandBosnia and HerzegovinaCroatiaSamoaSerbia

Real annual global ranks, 1990 - 2020. Iceland climbed from #1 to #29 (overtook Belarus). Gaps in a lane = missing data that year.

Key events for Iceland ↓

Key Events — Iceland

Auto-detected from rank data + curated milestones

2016
Overtook Belarus in global rank auto
2017
Overtook Norway in global rank auto

VAT Revenue (% of GDP), 1990-2019

IMF World Revenue · % of GDP · linear scale · ranking in the race above
19902000201020197.288.449.610.76
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