Annual government taxes and social contributions receipts — Taxes on in Iceland
Iceland: Annual government taxes and social contributions receipts — Taxes on was 2,656 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 2,656 National currency.
Compared with earlier readings it is up 32.7% on the previous year and up 133.1% over ten years.
Over the whole period, annual government taxes and social contributions receipts — taxes on in Iceland peaked at 6,277 National currency in 2004 and was at its lowest, 899.22 National currency, in 2010.
That places Iceland 7th out of 26 countries with data for 2024, putting it 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 | 4,322 National currency | — |
| 1999 | 4,787 National currency | +10.8% |
| 2000 | 5,420 National currency | +13.2% |
| 2001 | 5,663 National currency | +4.5% |
| 2002 | 5,596 National currency | -1.2% |
| 2003 | 6,027 National currency | +7.7% |
| 2004 | 6,277 National currency | +4.1% |
| 2005 | 4,733 National currency | -24.6% |
| 2006 | 1,335 National currency | -71.8% |
| 2007 | 1,509 National currency | +13.0% |
| 2008 | 1,208 National currency | -19.9% |
| 2009 | 1,035 National currency | -14.3% |
| 2010 | 899.22 National currency | -13.1% |
| 2011 | 982.04 National currency | +9.2% |
| 2012 | 1,076 National currency | +9.5% |
| 2013 | 1,121 National currency | +4.2% |
| 2014 | 1,139 National currency | +1.6% |
| 2015 | 1,200 National currency | +5.4% |
| 2016 | 1,365 National currency | +13.7% |
| 2017 | 1,763 National currency | +29.2% |
| 2018 | 1,887 National currency | +7.0% |
| 2019 | 1,992 National currency | +5.6% |
| 2020 | 1,488 National currency | -25.3% |
| 2021 | 1,731 National currency | +16.3% |
| 2022 | 2,393 National currency | +38.2% |
| 2023 | 2,002 National currency | -16.3% |
| 2024 | 2,656 National currency | +32.7% |
Iceland compared with similar countries
- Iceland's 2,656 National currency is above the median for high income countries, which is 1,278 National currency, 2.1× the median. (26 countries reporting)
- Iceland's 2,656 National currency is above the median for Europe & Central Asia, which is 1,196 National currency, 2.2× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Annual government taxes and social contributions receipts — Taxes on in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | -71.8% | 4,733 National currency | 1,335 National currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4,554 National currency | 4,322 National currency | 4,787 National currency | 2 |
| 2000s | 3,880 National currency | 1,035 National currency | 6,277 National currency | 10 |
| 2010s | 1,342 National currency | 899.22 National currency | 1,992 National currency | 10 |
| 2020s | 2,054 National currency | 1,488 National currency | 2,656 National currency | 5 |
Countries ranked near Iceland
- 4 Sweden 4,797 National currency compare
- 4 Netherlands 1,302 National currency compare
- 5 Norway 3,773 National currency compare
- 5 Latvia 59.47 National currency compare
- 6 United Kingdom 3,564 National currency compare
- 6 Slovenia 35.06 National currency compare
- 7 Lithuania 22.95 National currency compare
- 8 Estonia 4.58 National currency compare
- 8 Switzerland 2,426 National currency compare
- 9 Israel 2,311 National currency compare
- 10 Germany 2,310 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 2,656 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 6,277 National currency in 2004.
- What is the lowest annual government taxes and social contributions receipts — taxes on recorded in Iceland?
- The lowest recorded value was 899.22 National currency in 2010.
- How does Iceland rank for annual government taxes and social contributions receipts — taxes on?
- Iceland ranks 7th out of 26 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 133.1%. 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 use of fixed assets. 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