Annual government taxes and social contributions receipts — Current in Iceland
Iceland: Annual government taxes and social contributions receipts — Current was 874,263 National currency in 2024. ◆ Volatile
Annual government taxes and social contributions receipts — Current 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 — current in Iceland stood at 874,263 National currency. That is the highest value across all 27 years on record.
That represents a change of up 5.4% on the previous year and up 126.8% over ten years.
Over the whole period, annual government taxes and social contributions receipts — current in Iceland peaked at 874,263 National currency in 2024 and was at its lowest, 83,244 National currency, in 1998.
Iceland ranks 11th of 31 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government taxes and social contributions receipts — Current in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 83,244 National currency | — |
| 1999 | 96,826 National currency | +16.3% |
| 2000 | 109,785 National currency | +13.4% |
| 2001 | 127,447 National currency | +16.1% |
| 2002 | 134,361 National currency | +5.4% |
| 2003 | 141,336 National currency | +5.2% |
| 2004 | 157,245 National currency | +11.3% |
| 2005 | 187,698 National currency | +19.4% |
| 2006 | 218,896 National currency | +16.6% |
| 2007 | 247,013 National currency | +12.8% |
| 2008 | 269,493 National currency | +9.1% |
| 2009 | 250,383 National currency | -7.1% |
| 2010 | 254,694 National currency | +1.7% |
| 2011 | 284,563 National currency | +11.7% |
| 2012 | 304,704 National currency | +7.1% |
| 2013 | 338,694 National currency | +11.2% |
| 2014 | 385,519 National currency | +13.8% |
| 2015 | 395,699 National currency | +2.6% |
| 2016 | 445,217 National currency | +12.5% |
| 2017 | 499,405 National currency | +12.2% |
| 2018 | 527,766 National currency | +5.7% |
| 2019 | 546,086 National currency | +3.5% |
| 2020 | 556,787 National currency | +2.0% |
| 2021 | 587,107 National currency | +5.4% |
| 2022 | 719,570 National currency | +22.6% |
| 2023 | 829,520 National currency | +15.3% |
| 2024 | 874,263 National currency | +5.4% |
Iceland compared with similar countries
- Iceland's 874,263 National currency is above the median for high income countries, which is 366,049 National currency, 2.4× the median. (29 countries reporting)
- Iceland's 874,263 National currency is above the median for Europe & Central Asia, which is 272,376 National currency, 3.2× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 90,036 National currency | 83,244 National currency | 96,826 National currency | 2 |
| 2000s | 184,366 National currency | 109,785 National currency | 269,493 National currency | 10 |
| 2010s | 398,235 National currency | 254,694 National currency | 546,086 National currency | 10 |
| 2020s | 713,449 National currency | 556,787 National currency | 874,263 National currency | 5 |
Countries ranked near Iceland
- 8 Sweden 1.14 million National currency compare
- 8 Estonia 4,136 National currency compare
- 9 Norway 1.08 million National currency compare
- 9 Latvia 3,733 National currency compare
- 10 Denmark 941,442 National currency compare
- 12 Czechia 684,384 National currency compare
- 13 Canada 585,525 National currency compare
- 14 Germany 552,833 National currency compare
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 — current in Iceland?
- Annual government taxes and social contributions receipts — current in Iceland was 874,263 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government taxes and social contributions receipts — current recorded in Iceland?
- The highest recorded value was 874,263 National currency in 2024.
- What is the lowest annual government taxes and social contributions receipts — current recorded in Iceland?
- The lowest recorded value was 83,244 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — current?
- Iceland ranks 11th out of 31 countries with data for 2024.
- Is annual government taxes and social contributions receipts — current rising or falling in Iceland?
- Over the last ten years it is up 126.8%. The long-run trend across the full record is volatile.
- 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 — Current taxes on income, wealth, etc.. 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