Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 98,458 National currency in 2024. ▲ Rising
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 98,458 National currency, measured in 2024. That is the highest value across all 27 years on record.
The figure is up 2.7% on the previous year and up 56.7% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 98,458 National currency in 2024 and was at its lowest, 25,351 National currency, in 1998.
That places Iceland 14th out of 30 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Annual government taxes and social contributions receipts — Taxes on in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 25,351 National currency | — |
| 1999 | 27,972 National currency | +10.3% |
| 2000 | 27,740 National currency | -0.8% |
| 2001 | 25,528 National currency | -8.0% |
| 2002 | 28,706 National currency | +12.4% |
| 2003 | 32,886 National currency | +14.6% |
| 2004 | 38,871 National currency | +18.2% |
| 2005 | 48,670 National currency | +25.2% |
| 2006 | 52,295 National currency | +7.4% |
| 2007 | 57,097 National currency | +9.2% |
| 2008 | 47,940 National currency | -16.0% |
| 2009 | 44,485 National currency | -7.2% |
| 2010 | 51,346 National currency | +15.4% |
| 2011 | 55,036 National currency | +7.2% |
| 2012 | 59,310 National currency | +7.8% |
| 2013 | 61,137 National currency | +3.1% |
| 2014 | 62,844 National currency | +2.8% |
| 2015 | 63,179 National currency | +0.5% |
| 2016 | 68,667 National currency | +8.7% |
| 2017 | 75,051 National currency | +9.3% |
| 2018 | 78,114 National currency | +4.1% |
| 2019 | 75,755 National currency | -3.0% |
| 2020 | 72,857 National currency | -3.8% |
| 2021 | 75,545 National currency | +3.7% |
| 2022 | 85,643 National currency | +13.4% |
| 2023 | 95,883 National currency | +12.0% |
| 2024 | 98,458 National currency | +2.7% |
Iceland compared with similar countries
- Iceland's 98,458 National currency is above the median for high income countries, which is 63,208 National currency, 1.6× the median. (28 countries reporting)
- Iceland's 98,458 National currency is above the median for Europe & Central Asia, which is 49,682 National currency, 2.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26,662 National currency | 25,351 National currency | 27,972 National currency | 2 |
| 2000s | 40,422 National currency | 25,528 National currency | 57,097 National currency | 10 |
| 2010s | 65,044 National currency | 51,346 National currency | 78,114 National currency | 10 |
| 2020s | 85,677 National currency | 72,857 National currency | 98,458 National currency | 5 |
Countries ranked near Iceland
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 98,458 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 98,458 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 25,351 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 14th 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 56.7%. The long-run trend across the full record is rising.
- 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 products except Value Added Tax, import and export taxes. 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