Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 1,642 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 1,642 National currency for annual government taxes and social contributions receipts — taxes on in 2024.
That represents a change of up 155.1% on the previous year and down 54.1% over five years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 6,067 National currency in 2020 and was at its lowest, 0 National currency, in 1998.
Iceland ranks 13th of 25 countries on this measure, 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 | 0 National currency | — |
| 1999 | 0 National currency | — |
| 2000 | 0 National currency | — |
| 2001 | 0 National currency | — |
| 2002 | 0 National currency | — |
| 2003 | 0 National currency | — |
| 2004 | 0 National currency | — |
| 2005 | 0 National currency | — |
| 2006 | 0 National currency | — |
| 2007 | 0 National currency | — |
| 2008 | 0 National currency | — |
| 2009 | 0 National currency | — |
| 2010 | 0 National currency | — |
| 2011 | 0 National currency | — |
| 2012 | 0 National currency | — |
| 2013 | 0 National currency | — |
| 2014 | 0 National currency | — |
| 2015 | 0 National currency | — |
| 2016 | 0 National currency | — |
| 2017 | 0 National currency | — |
| 2018 | 0 National currency | — |
| 2019 | 3,576 National currency | — |
| 2020 | 6,067 National currency | +69.6% |
| 2021 | 859 National currency | -85.8% |
| 2022 | 3,788 National currency | +341.0% |
| 2023 | 643.59 National currency | -83.0% |
| 2024 | 1,642 National currency | +155.1% |
Iceland compared with similar countries
- Iceland's 1,642 National currency is below the median for Europe & Central Asia, which is 2,433 National currency, 67% of the median. (21 countries reporting)
- Iceland's 1,642 National currency is above the median for high income countries, which is 1,642 National currency, 1.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 National currency | 0 National currency | 0 National currency | 2 |
| 2000s | 0 National currency | 0 National currency | 0 National currency | 10 |
| 2010s | 357.61 National currency | 0 National currency | 3,576 National currency | 10 |
| 2020s | 2,600 National currency | 643.59 National currency | 6,067 National currency | 5 |
Countries ranked near Iceland
- 10 United Kingdom of Great Britain and Northern Ireland 2,443 National currency compare
- 11 France 2,433 National currency compare
- 12 Greece 2,191 National currency compare
- 14 Switzerland 1,397 National currency compare
- 15 Bulgaria 1,198 National currency compare
- 16 Canada 1,128 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 1,642 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 6,067 National currency in 2020.
- What is the lowest annual government taxes and social contributions receipts — taxes on recorded in Iceland?
- The lowest recorded value was 0 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 13th out of 25 countries with data for 2024.
- 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 pollution. 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