Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 528,708 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 528,708 National currency, measured in 2024. That is the highest value across all 27 years on record.
That represents a change of up 11.7% on the previous year and up 130.1% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 528,708 National currency in 2024 and was at its lowest, 86,704 National currency, in 1998.
Iceland ranks 10th of 31 countries on this measure, 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 | 86,704 National currency | — |
| 1999 | 100,359 National currency | +15.7% |
| 2000 | 103,109 National currency | +2.7% |
| 2001 | 100,964 National currency | -2.1% |
| 2002 | 107,927 National currency | +6.9% |
| 2003 | 117,448 National currency | +8.8% |
| 2004 | 138,912 National currency | +18.3% |
| 2005 | 166,104 National currency | +19.6% |
| 2006 | 189,500 National currency | +14.1% |
| 2007 | 201,145 National currency | +6.1% |
| 2008 | 189,266 National currency | -5.9% |
| 2009 | 171,215 National currency | -9.5% |
| 2010 | 180,991 National currency | +5.7% |
| 2011 | 193,381 National currency | +6.8% |
| 2012 | 209,806 National currency | +8.5% |
| 2013 | 216,780 National currency | +3.3% |
| 2014 | 229,773 National currency | +6.0% |
| 2015 | 251,841 National currency | +9.6% |
| 2016 | 279,188 National currency | +10.9% |
| 2017 | 312,914 National currency | +12.1% |
| 2018 | 326,856 National currency | +4.5% |
| 2019 | 322,469 National currency | -1.3% |
| 2020 | 309,164 National currency | -4.1% |
| 2021 | 357,476 National currency | +15.6% |
| 2022 | 415,104 National currency | +16.1% |
| 2023 | 473,432 National currency | +14.1% |
| 2024 | 528,708 National currency | +11.7% |
Iceland compared with similar countries
- Iceland's 528,708 National currency is above the median for high income countries, which is 235,739 National currency, 2.2× the median. (29 countries reporting)
- Iceland's 528,708 National currency is above the median for Europe & Central Asia, which is 213,630 National currency, 2.5× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 93,531 National currency | 86,704 National currency | 100,359 National currency | 2 |
| 2000s | 148,559 National currency | 100,964 National currency | 201,145 National currency | 10 |
| 2010s | 252,400 National currency | 180,991 National currency | 326,856 National currency | 10 |
| 2020s | 416,777 National currency | 309,164 National currency | 528,708 National currency | 5 |
Countries ranked near Iceland
- 7 United States 1.10 million National currency compare
- 7 Slovenia 7,845 National currency compare
- 8 Czechia 809,365 National currency compare
- 8 Estonia 5,391 National currency compare
- 9 Sweden 700,204 National currency compare
- 9 Latvia 5,259 National currency compare
- 11 Norway 504,602 National currency compare
- 12 Germany 402,315 National currency compare
- 13 Denmark 357,706 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 528,708 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 528,708 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 86,704 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 130.1%. 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. 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