Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 849,592 National currency in 2024. ◆ Volatile
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
The most recent figure for annual government taxes and social contributions receipts — taxes on in Iceland is 849,592 National currency, measured in 2024. That is the highest value across all 27 years on record.
That represents a change of up 4.6% on the previous year and up 134.6% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 849,592 National currency in 2024 and was at its lowest, 76,630 National currency, in 1998.
That places Iceland 10th out of 30 countries with data for 2024, putting it 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 — Taxes on in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 76,630 National currency | — |
| 1999 | 89,822 National currency | +17.2% |
| 2000 | 101,488 National currency | +13.0% |
| 2001 | 118,316 National currency | +16.6% |
| 2002 | 124,759 National currency | +5.4% |
| 2003 | 134,551 National currency | +7.8% |
| 2004 | 149,749 National currency | +11.3% |
| 2005 | 180,170 National currency | +20.3% |
| 2006 | 213,633 National currency | +18.6% |
| 2007 | 241,378 National currency | +13.0% |
| 2008 | 263,455 National currency | +9.1% |
| 2009 | 239,890 National currency | -8.9% |
| 2010 | 239,664 National currency | -0.1% |
| 2011 | 266,823 National currency | +11.3% |
| 2012 | 283,238 National currency | +6.2% |
| 2013 | 317,647 National currency | +12.1% |
| 2014 | 362,176 National currency | +14.0% |
| 2015 | 382,589 National currency | +5.6% |
| 2016 | 432,195 National currency | +13.0% |
| 2017 | 485,646 National currency | +12.4% |
| 2018 | 513,574 National currency | +5.8% |
| 2019 | 531,617 National currency | +3.5% |
| 2020 | 542,385 National currency | +2.0% |
| 2021 | 572,475 National currency | +5.5% |
| 2022 | 703,474 National currency | +22.9% |
| 2023 | 812,221 National currency | +15.5% |
| 2024 | 849,592 National currency | +4.6% |
Iceland compared with similar countries
- Iceland's 849,592 National currency is above the median for high income countries, which is 347,134 National currency, 2.4× the median. (28 countries reporting)
- Iceland's 849,592 National currency is above the median for Europe & Central Asia, which is 193,325 National currency, 4.4× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 83,226 National currency | 76,630 National currency | 89,822 National currency | 2 |
| 2000s | 176,739 National currency | 101,488 National currency | 263,455 National currency | 10 |
| 2010s | 381,517 National currency | 239,664 National currency | 531,617 National currency | 10 |
| 2020s | 696,029 National currency | 542,385 National currency | 849,592 National currency | 5 |
Countries ranked near Iceland
- 7 Sweden 1.12 million National currency compare
- 7 Slovenia 5,384 National currency compare
- 8 Norway 1.04 million National currency compare
- 8 Estonia 3,984 National currency compare
- 9 Denmark 920,593 National currency compare
- 9 Latvia 3,661 National currency compare
- 11 Czechia 671,269 National currency compare
- 12 Canada 572,585 National currency compare
- 13 Germany 536,831 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 849,592 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 849,592 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 76,630 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 10th out of 30 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 134.6%. 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 — Taxes on income. 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