Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 145,527 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 145,527 National currency. That is the highest value across all 27 years on record.
The figure is up 0.5% on the previous year and up 117.8% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 145,527 National currency in 2024 and was at its lowest, 6,222 National currency, in 1998.
Iceland ranks 6th of 23 countries on this measure, 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 | 6,222 National currency | — |
| 1999 | 7,964 National currency | +28.0% |
| 2000 | 8,371 National currency | +5.1% |
| 2001 | 8,036 National currency | -4.0% |
| 2002 | 7,232 National currency | -10.0% |
| 2003 | 10,446 National currency | +44.4% |
| 2004 | 9,600 National currency | -8.1% |
| 2005 | 20,308 National currency | +111.5% |
| 2006 | 28,092 National currency | +38.3% |
| 2007 | 32,555 National currency | +15.9% |
| 2008 | 28,476 National currency | -12.5% |
| 2009 | 26,499 National currency | -6.9% |
| 2010 | 14,609 National currency | -44.9% |
| 2011 | 29,480 National currency | +101.8% |
| 2012 | 33,980 National currency | +15.3% |
| 2013 | 40,479 National currency | +19.1% |
| 2014 | 66,803 National currency | +65.0% |
| 2015 | 52,544 National currency | -21.3% |
| 2016 | 62,152 National currency | +18.3% |
| 2017 | 79,993 National currency | +28.7% |
| 2018 | 67,724 National currency | -15.3% |
| 2019 | 62,972 National currency | -7.0% |
| 2020 | 64,447 National currency | +2.3% |
| 2021 | 65,454 National currency | +1.6% |
| 2022 | 100,909 National currency | +54.2% |
| 2023 | 144,841 National currency | +43.5% |
| 2024 | 145,527 National currency | +0.5% |
Iceland compared with similar countries
- Iceland's 145,527 National currency is above the median for Europe & Central Asia, which is 36,494 National currency, 4.0× the median. (18 countries reporting)
- Iceland's 145,527 National currency is above the median for high income countries, which is 44,174 National currency, 3.3× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7,093 National currency | 6,222 National currency | 7,964 National currency | 2 |
| 2000s | 17,962 National currency | 7,232 National currency | 32,555 National currency | 10 |
| 2010s | 51,074 National currency | 14,609 National currency | 79,993 National currency | 10 |
| 2020s | 104,236 National currency | 64,447 National currency | 145,527 National currency | 5 |
Countries ranked near Iceland
- 3 Czechia 359,253 National currency compare
- 3 Lithuania 2,001 National currency compare
- 4 Sweden 232,627 National currency compare
- 4 Slovenia 1,797 National currency compare
- 5 Canada 146,470 National currency compare
- 5 Latvia 791.07 National currency compare
- 6 Estonia 200.72 National currency compare
- 7 Denmark 118,098 National currency compare
- 8 United Kingdom 101,334 National currency compare
- 9 France 83,760 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 145,527 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 145,527 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 6,222 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 6th out of 23 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 117.8%. 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 the income or profits of corporations excluding holding gains. 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