Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 626,380 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
Iceland recorded 626,380 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.
The figure is up 5.6% on the previous year and up 130.0% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 626,380 National currency in 2024 and was at its lowest, 68,023 National currency, in 1998.
Iceland ranks 4th of 23 countries on this measure, in the top quarter.
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 | 68,023 National currency | — |
| 1999 | 78,002 National currency | +14.7% |
| 2000 | 88,492 National currency | +13.4% |
| 2001 | 104,808 National currency | +18.4% |
| 2002 | 111,361 National currency | +6.3% |
| 2003 | 116,960 National currency | +5.0% |
| 2004 | 128,778 National currency | +10.1% |
| 2005 | 145,399 National currency | +12.9% |
| 2006 | 163,266 National currency | +12.3% |
| 2007 | 180,070 National currency | +10.3% |
| 2008 | 195,636 National currency | +8.6% |
| 2009 | 192,275 National currency | -1.7% |
| 2010 | 197,318 National currency | +2.6% |
| 2011 | 220,571 National currency | +11.8% |
| 2012 | 234,475 National currency | +6.3% |
| 2013 | 260,693 National currency | +11.2% |
| 2014 | 272,285 National currency | +4.4% |
| 2015 | 299,589 National currency | +10.0% |
| 2016 | 340,107 National currency | +13.5% |
| 2017 | 376,087 National currency | +10.6% |
| 2018 | 414,280 National currency | +10.2% |
| 2019 | 436,776 National currency | +5.4% |
| 2020 | 457,605 National currency | +4.8% |
| 2021 | 474,695 National currency | +3.7% |
| 2022 | 545,654 National currency | +14.9% |
| 2023 | 593,241 National currency | +8.7% |
| 2024 | 626,380 National currency | +5.6% |
Iceland compared with similar countries
- Iceland's 626,380 National currency is above the median for Europe & Central Asia, which is 72,956 National currency, 8.6× the median. (18 countries reporting)
- Iceland's 626,380 National currency is above the median for high income countries, which is 75,791 National currency, 8.3× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 73,013 National currency | 68,023 National currency | 78,002 National currency | 2 |
| 2000s | 142,705 National currency | 88,492 National currency | 195,636 National currency | 10 |
| 2010s | 305,218 National currency | 197,318 National currency | 436,776 National currency | 10 |
| 2020s | 539,515 National currency | 457,605 National currency | 626,380 National currency | 5 |
Countries ranked near Iceland
- 1 United States 2.55 million National currency compare
- 1 Poland 183,514 National currency compare
- 2 Sweden 856,638 National currency compare
- 2 Netherlands 110,062 National currency compare
- 2 Croatia 3,388 National currency compare
- 3 Denmark 802,251 National currency compare
- 3 Lithuania 6,336 National currency compare
- 4 Slovenia 3,570 National currency compare
- 5 Norway 546,470 National currency compare
- 5 Latvia 2,870 National currency compare
- 6 Canada 411,665 National currency compare
- 7 United Kingdom 320,265 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 626,380 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 626,380 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 68,023 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 4th out of 23 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 130.0%. 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 individual or household income excluding holding gains. 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