Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 654,540 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 654,540 National currency. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 11.4% on the previous year and up 107.8% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 654,540 National currency in 2024 and was at its lowest, 100,899 National currency, in 1998.
Iceland ranks 10th of 31 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 | 100,899 National currency | — |
| 1999 | 115,969 National currency | +14.9% |
| 2000 | 121,140 National currency | +4.5% |
| 2001 | 120,631 National currency | -0.4% |
| 2002 | 127,549 National currency | +5.7% |
| 2003 | 139,024 National currency | +9.0% |
| 2004 | 162,195 National currency | +16.7% |
| 2005 | 190,019 National currency | +17.2% |
| 2006 | 213,823 National currency | +12.5% |
| 2007 | 231,914 National currency | +8.5% |
| 2008 | 225,971 National currency | -2.6% |
| 2009 | 209,097 National currency | -7.5% |
| 2010 | 219,006 National currency | +4.7% |
| 2011 | 233,505 National currency | +6.6% |
| 2012 | 255,848 National currency | +9.6% |
| 2013 | 267,242 National currency | +4.5% |
| 2014 | 315,050 National currency | +17.9% |
| 2015 | 335,176 National currency | +6.4% |
| 2016 | 345,502 National currency | +3.1% |
| 2017 | 389,837 National currency | +12.8% |
| 2018 | 403,737 National currency | +3.6% |
| 2019 | 408,417 National currency | +1.2% |
| 2020 | 403,712 National currency | -1.2% |
| 2021 | 446,351 National currency | +10.6% |
| 2022 | 522,287 National currency | +17.0% |
| 2023 | 587,328 National currency | +12.5% |
| 2024 | 654,540 National currency | +11.4% |
Iceland compared with similar countries
- Iceland's 654,540 National currency is above the median for high income countries, which is 319,002 National currency, 2.1× the median. (29 countries reporting)
- Iceland's 654,540 National currency is above the median for Europe & Central Asia, which is 255,331 National currency, 2.6× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 108,434 National currency | 100,899 National currency | 115,969 National currency | 2 |
| 2000s | 174,136 National currency | 120,631 National currency | 231,914 National currency | 10 |
| 2010s | 317,332 National currency | 219,006 National currency | 408,417 National currency | 10 |
| 2020s | 522,844 National currency | 403,712 National currency | 654,540 National currency | 5 |
Countries ranked near Iceland
- 7 United States 1.95 million National currency compare
- 7 Slovenia 8,669 National currency compare
- 8 Sweden 1.37 million National currency compare
- 8 Latvia 5,850 National currency compare
- 9 Czechia 857,325 National currency compare
- 9 Estonia 5,843 National currency compare
- 11 Norway 547,493 National currency compare
- 12 France 453,677 National currency compare
- 13 Germany 443,779 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 654,540 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 654,540 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 100,899 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 10th out of 31 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 107.8%. 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 production and imports. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under OECD Terms and Conditions (attribution required).
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