Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 100,087 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
In 2024, annual government taxes and social contributions receipts — taxes on in Iceland stood at 100,087 National currency. That is the highest value across all 27 years on record.
The figure is up 11.1% on the previous year and up 168.3% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 100,087 National currency in 2024 and was at its lowest, 8,748 National currency, in 1998.
That places Iceland 4th out of 27 countries with data for 2024, putting it 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 | 8,748 National currency | — |
| 1999 | 9,581 National currency | +9.5% |
| 2000 | 11,132 National currency | +16.2% |
| 2001 | 12,338 National currency | +10.8% |
| 2002 | 11,785 National currency | -4.5% |
| 2003 | 12,950 National currency | +9.9% |
| 2004 | 14,265 National currency | +10.1% |
| 2005 | 16,352 National currency | +14.6% |
| 2006 | 20,106 National currency | +23.0% |
| 2007 | 24,598 National currency | +22.3% |
| 2008 | 30,401 National currency | +23.6% |
| 2009 | 31,866 National currency | +4.8% |
| 2010 | 32,011 National currency | +0.5% |
| 2011 | 32,175 National currency | +0.5% |
| 2012 | 33,510 National currency | +4.1% |
| 2013 | 35,652 National currency | +6.4% |
| 2014 | 37,300 National currency | +4.6% |
| 2015 | 40,870 National currency | +9.6% |
| 2016 | 46,087 National currency | +12.8% |
| 2017 | 54,806 National currency | +18.9% |
| 2018 | 53,645 National currency | -2.1% |
| 2019 | 57,369 National currency | +6.9% |
| 2020 | 63,511 National currency | +10.7% |
| 2021 | 68,767 National currency | +8.3% |
| 2022 | 82,296 National currency | +19.7% |
| 2023 | 90,050 National currency | +9.4% |
| 2024 | 100,087 National currency | +11.1% |
Iceland compared with similar countries
- Iceland's 100,087 National currency is above the median for high income countries, which is 17,956 National currency, 5.6× the median. (27 countries reporting)
- Iceland's 100,087 National currency is above the median for Europe & Central Asia, which is 14,133 National currency, 7.1× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9,165 National currency | 8,748 National currency | 9,581 National currency | 2 |
| 2000s | 18,579 National currency | 11,132 National currency | 31,866 National currency | 10 |
| 2010s | 42,342 National currency | 32,011 National currency | 57,369 National currency | 10 |
| 2020s | 80,942 National currency | 63,511 National currency | 100,087 National currency | 5 |
Countries ranked near Iceland
- 1 United States 752,148 National currency compare
- 2 Hungary 251,546 National currency compare
- 2 Croatia 556.4 National currency compare
- 3 Costa Rica 235,836 National currency compare
- 3 Poland 25,967 National currency compare
- 4 Netherlands 6,858 National currency compare
- 5 Canada 87,058 National currency compare
- 5 Slovenia 290.95 National currency compare
- 6 France 61,440 National currency compare
- 6 Latvia 237.34 National currency compare
- 7 Australia 48,651 National currency compare
- 7 Lithuania 182.48 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 100,087 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 100,087 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 8,748 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 4th out of 27 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 168.3%. 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 land, buildings or other structures. 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