* indicates monthly or quarterly data series
Iceland: Taxes on goods and services, percent of total revenue: For that indicator, The World Bank provides data for Iceland from 1972 to 2016. The average value for Iceland during that period was 45.43 percent with a minumum of 24.69 percent in 2016 and a maximum of 52.94 percent in 1988. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.