Annual government taxes and social contributions receipts — Business in Iceland
Iceland: Annual government taxes and social contributions receipts — Business was 1,339 National currency in 2024. ▲ Rising
Annual government taxes and social contributions receipts — Business in Iceland, 1998–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual government taxes and social contributions receipts — business in Iceland stood at 1,339 National currency.
That represents a change of down 29.0% on the previous year and up 3.6% over ten years.
Over the whole period, annual government taxes and social contributions receipts — business in Iceland peaked at 1,885 National currency in 2023 and was at its lowest, 354.36 National currency, in 1998.
Iceland ranks 11th of 25 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Annual government taxes and social contributions receipts — Business in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 354.36 National currency | — |
| 1999 | 385.9 National currency | +8.9% |
| 2000 | 438.72 National currency | +13.7% |
| 2001 | 496.52 National currency | +13.2% |
| 2002 | 808.59 National currency | +62.9% |
| 2003 | 798.62 National currency | -1.2% |
| 2004 | 850.12 National currency | +6.4% |
| 2005 | 969.09 National currency | +14.0% |
| 2006 | 1,013 National currency | +4.5% |
| 2007 | 1,178 National currency | +16.3% |
| 2008 | 900.74 National currency | -23.5% |
| 2009 | 840.86 National currency | -6.6% |
| 2010 | 899.01 National currency | +6.9% |
| 2011 | 919.64 National currency | +2.3% |
| 2012 | 981.65 National currency | +6.7% |
| 2013 | 1,156 National currency | +17.7% |
| 2014 | 1,292 National currency | +11.8% |
| 2015 | 1,336 National currency | +3.4% |
| 2016 | 1,518 National currency | +13.6% |
| 2017 | 1,370 National currency | -9.8% |
| 2018 | 1,585 National currency | +15.7% |
| 2019 | 1,445 National currency | -8.8% |
| 2020 | 1,308 National currency | -9.5% |
| 2021 | 1,534 National currency | +17.3% |
| 2022 | 1,498 National currency | -2.3% |
| 2023 | 1,885 National currency | +25.8% |
| 2024 | 1,339 National currency | -29.0% |
Iceland compared with similar countries
- Iceland's 1,339 National currency is above the median for Europe & Central Asia, which is 745 National currency, 1.8× the median. (19 countries reporting)
- Iceland's 1,339 National currency is above the median for high income countries, which is 789.7 National currency, 1.7× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 370.13 National currency | 354.36 National currency | 385.9 National currency | 2 |
| 2000s | 829.35 National currency | 438.72 National currency | 1,178 National currency | 10 |
| 2010s | 1,250 National currency | 899.01 National currency | 1,585 National currency | 10 |
| 2020s | 1,513 National currency | 1,308 National currency | 1,885 National currency | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is annual government taxes and social contributions receipts — business in Iceland?
- Annual government taxes and social contributions receipts — business in Iceland was 1,339 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government taxes and social contributions receipts — business recorded in Iceland?
- The highest recorded value was 1,885 National currency in 2023.
- What is the lowest annual government taxes and social contributions receipts — business recorded in Iceland?
- The lowest recorded value was 354.36 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — business?
- Iceland ranks 11th out of 25 countries with data for 2024.
- Is annual government taxes and social contributions receipts — business rising or falling in Iceland?
- Over the last ten years it is up 3.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government taxes and social contributions receipts — Business and professional licences. Statizoid updates them automatically from the source API.
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About this data
This table presents taxes and social contribution receipts for General Government and its sub-sectors: central, local and state (regional) government and social security, as well as for institutions of the European Union. Total tax receipts comprise taxes on production and imports, current taxes on income wealth etc. and capital taxes. Social contribution receipts comprise actual and imputed social contributions. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. These indicators were presented in the previous dissemination system in the SNA_TABLE10 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org