Annual government taxes and social contributions receipts — Excise in Iceland
Iceland: Annual government taxes and social contributions receipts — Excise was 53,356 National currency in 2024. ▲ Rising
Annual government taxes and social contributions receipts — Excise in Iceland, 1998–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
Iceland recorded 53,356 National currency for annual government taxes and social contributions receipts — excise in 2024.
That represents a change of down 6.4% on the previous year and up 36.0% over ten years.
Over the whole period, annual government taxes and social contributions receipts — excise in Iceland peaked at 56,975 National currency in 2023 and was at its lowest, 15,301 National currency, in 2001.
That places Iceland 9th out of 27 countries with data for 2024, putting it 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 — Excise in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 16,457 National currency | — |
| 1999 | 18,172 National currency | +10.4% |
| 2000 | 17,536 National currency | -3.5% |
| 2001 | 15,301 National currency | -12.7% |
| 2002 | 15,434 National currency | +0.9% |
| 2003 | 17,839 National currency | +15.6% |
| 2004 | 20,714 National currency | +16.1% |
| 2005 | 27,359 National currency | +32.1% |
| 2006 | 32,172 National currency | +17.6% |
| 2007 | 33,834 National currency | +5.2% |
| 2008 | 28,356 National currency | -16.2% |
| 2009 | 25,788 National currency | -9.1% |
| 2010 | 31,861 National currency | +23.5% |
| 2011 | 34,416 National currency | +8.0% |
| 2012 | 37,734 National currency | +9.6% |
| 2013 | 37,923 National currency | +0.5% |
| 2014 | 39,222 National currency | +3.4% |
| 2015 | 37,707 National currency | -3.9% |
| 2016 | 39,472 National currency | +4.7% |
| 2017 | 43,871 National currency | +11.1% |
| 2018 | 45,245 National currency | +3.1% |
| 2019 | 41,539 National currency | -8.2% |
| 2020 | 37,817 National currency | -9.0% |
| 2021 | 38,205 National currency | +1.0% |
| 2022 | 48,311 National currency | +26.5% |
| 2023 | 56,975 National currency | +17.9% |
| 2024 | 53,356 National currency | -6.4% |
Iceland compared with similar countries
- Iceland's 53,356 National currency is above the median for Europe & Central Asia, which is 36,327 National currency, 1.5× the median. (21 countries reporting)
- Iceland's 53,356 National currency is above the median for high income countries, which is 32,420 National currency, 1.6× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17,314 National currency | 16,457 National currency | 18,172 National currency | 2 |
| 2000s | 23,433 National currency | 15,301 National currency | 33,834 National currency | 10 |
| 2010s | 38,899 National currency | 31,861 National currency | 45,245 National currency | 10 |
| 2020s | 46,933 National currency | 37,817 National currency | 56,975 National currency | 5 |
Countries ranked near Iceland
- 6 Norway 66,759 National currency compare
- 6 Lithuania 1,972 National currency compare
- 7 Slovenia 1,728 National currency compare
- 7 United Kingdom of Great Britain and Northern Ireland 63,108 National currency compare
- 8 France 59,113 National currency compare
- 8 Latvia 1,193 National currency compare
- 9 Estonia 66.11 National currency compare
- 10 Italy 46,773 National currency compare
- 11 Romania 42,404 National currency compare
- 12 Denmark 36,502 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 — excise in Iceland?
- Annual government taxes and social contributions receipts — excise in Iceland was 53,356 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government taxes and social contributions receipts — excise recorded in Iceland?
- The highest recorded value was 56,975 National currency in 2023.
- What is the lowest annual government taxes and social contributions receipts — excise recorded in Iceland?
- The lowest recorded value was 15,301 National currency in 2001.
- How does Iceland rank for annual government taxes and social contributions receipts — excise?
- Iceland ranks 9th out of 27 countries with data for 2024.
- Is annual government taxes and social contributions receipts — excise rising or falling in Iceland?
- Over the last ten years it is up 36.0%. 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 — Excise duties and consumption taxes. 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