Annual government taxes and social contributions receipts — Taxes and in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes and was 6,656 National currency in 2024. ▲ Rising
Annual government taxes and social contributions receipts — Taxes and in Iceland, 1998–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
The most recent figure for annual government taxes and social contributions receipts — taxes and in Iceland is 6,656 National currency, measured in 2024.
That represents a change of up 5.8% on the previous year and up 9.9% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes and in Iceland peaked at 7,682 National currency in 2012 and was at its lowest, 2,328 National currency, in 1998.
Iceland ranks 12th of 30 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 — Taxes and in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 2,328 National currency | — |
| 1999 | 2,527 National currency | +8.5% |
| 2000 | 2,702 National currency | +6.9% |
| 2001 | 3,021 National currency | +11.8% |
| 2002 | 2,474 National currency | -18.1% |
| 2003 | 2,680 National currency | +8.3% |
| 2004 | 3,086 National currency | +15.1% |
| 2005 | 3,539 National currency | +14.7% |
| 2006 | 4,618 National currency | +30.5% |
| 2007 | 5,446 National currency | +17.9% |
| 2008 | 5,858 National currency | +7.5% |
| 2009 | 5,303 National currency | -9.5% |
| 2010 | 5,950 National currency | +12.2% |
| 2011 | 7,288 National currency | +22.5% |
| 2012 | 7,682 National currency | +5.4% |
| 2013 | 5,815 National currency | -24.3% |
| 2014 | 6,058 National currency | +4.2% |
| 2015 | 4,989 National currency | -17.7% |
| 2016 | 5,087 National currency | +2.0% |
| 2017 | 3,912 National currency | -23.1% |
| 2018 | 4,118 National currency | +5.3% |
| 2019 | 3,430 National currency | -16.7% |
| 2020 | 2,575 National currency | -24.9% |
| 2021 | 4,122 National currency | +60.1% |
| 2022 | 5,991 National currency | +45.3% |
| 2023 | 6,294 National currency | +5.0% |
| 2024 | 6,656 National currency | +5.8% |
Iceland compared with similar countries
- Iceland's 6,656 National currency is above the median for high income countries, which is 3,375 National currency, 2.0× the median. (28 countries reporting)
- Iceland's 6,656 National currency is above the median for Europe & Central Asia, which is 1,609 National currency, 4.1× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,428 National currency | 2,328 National currency | 2,527 National currency | 2 |
| 2000s | 3,873 National currency | 2,474 National currency | 5,858 National currency | 10 |
| 2010s | 5,433 National currency | 3,430 National currency | 7,682 National currency | 10 |
| 2020s | 5,128 National currency | 2,575 National currency | 6,656 National currency | 5 |
Countries ranked near Iceland
- 9 Denmark 22,865 National currency compare
- 10 Australia 11,969 National currency compare
- 11 Canada 10,197 National currency compare
- 13 United Kingdom 5,802 National currency compare
- 14 Switzerland 5,581 National currency compare
- 15 New Zealand 4,195 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 — taxes and in Iceland?
- Annual government taxes and social contributions receipts — taxes and in Iceland was 6,656 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government taxes and social contributions receipts — taxes and recorded in Iceland?
- The highest recorded value was 7,682 National currency in 2012.
- What is the lowest annual government taxes and social contributions receipts — taxes and recorded in Iceland?
- The lowest recorded value was 2,328 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes and?
- Iceland ranks 12th out of 30 countries with data for 2024.
- Is annual government taxes and social contributions receipts — taxes and rising or falling in Iceland?
- Over the last ten years it is up 9.9%. 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 — Taxes and duties on imports excluding Value Added Tax. 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