Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 11,709 National currency in 2024. ▲ Rising
Annual government taxes and social contributions receipts — Taxes on in Iceland, 1998–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
Iceland recorded 11,709 National currency for annual government taxes and social contributions receipts — taxes on in 2024. That is the highest value across all 27 years on record.
That represents a change of up 25.5% on the previous year and up 130.7% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 11,709 National currency in 2024 and was at its lowest, 2,644 National currency, in 1998.
That places Iceland 10th out of 25 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 — Taxes on in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 2,644 National currency | — |
| 1999 | 3,195 National currency | +20.8% |
| 2000 | 3,336 National currency | +4.4% |
| 2001 | 3,299 National currency | -1.1% |
| 2002 | 3,363 National currency | +1.9% |
| 2003 | 4,015 National currency | +19.4% |
| 2004 | 6,759 National currency | +68.4% |
| 2005 | 9,373 National currency | +38.7% |
| 2006 | 7,582 National currency | -19.1% |
| 2007 | 10,087 National currency | +33.0% |
| 2008 | 6,558 National currency | -35.0% |
| 2009 | 3,712 National currency | -43.4% |
| 2010 | 3,799 National currency | +2.4% |
| 2011 | 4,533 National currency | +19.3% |
| 2012 | 5,231 National currency | +15.4% |
| 2013 | 5,724 National currency | +9.4% |
| 2014 | 5,074 National currency | -11.4% |
| 2015 | 5,969 National currency | +17.6% |
| 2016 | 6,563 National currency | +10.0% |
| 2017 | 6,738 National currency | +2.7% |
| 2018 | 7,229 National currency | +7.3% |
| 2019 | 7,612 National currency | +5.3% |
| 2020 | 8,318 National currency | +9.3% |
| 2021 | 8,956 National currency | +7.7% |
| 2022 | 8,497 National currency | -5.1% |
| 2023 | 9,331 National currency | +9.8% |
| 2024 | 11,709 National currency | +25.5% |
Iceland compared with similar countries
- Iceland's 11,709 National currency is above the median for high income countries, which is 2,076 National currency, 5.6× the median. (25 countries reporting)
- Iceland's 11,709 National currency is above the median for Europe & Central Asia, which is 1,652 National currency, 7.1× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,919 National currency | 2,644 National currency | 3,195 National currency | 2 |
| 2000s | 5,808 National currency | 3,299 National currency | 10,087 National currency | 10 |
| 2010s | 5,847 National currency | 3,799 National currency | 7,612 National currency | 10 |
| 2020s | 9,362 National currency | 8,318 National currency | 11,709 National currency | 5 |
Countries ranked near Iceland
- 7 Norway 14,652 National currency compare
- 7 Lithuania 29.5 National currency compare
- 8 Spain 12,854 National currency compare
- 9 Sweden 12,335 National currency compare
- 11 Belgium 5,448 National currency compare
- 12 Portugal 2,099 National currency compare
- 13 Switzerland 2,076 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 on in Iceland?
- Annual government taxes and social contributions receipts — taxes on in Iceland was 11,709 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 on recorded in Iceland?
- The highest recorded value was 11,709 National currency in 2024.
- What is the lowest annual government taxes and social contributions receipts — taxes on recorded in Iceland?
- The lowest recorded value was 2,644 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 10th out of 25 countries with data for 2024.
- Is annual government taxes and social contributions receipts — taxes on rising or falling in Iceland?
- Over the last ten years it is up 130.7%. 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 on financial and capital transactions. 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