Annual government taxes and social contributions receipts — Total in Iceland
Iceland: Annual government taxes and social contributions receipts — Total was 11,883 National currency in 2024. ◆ Volatile
Annual government taxes and social contributions receipts — Total 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 — total in Iceland is 11,883 National currency, measured in 2024. That is the highest value across all 27 years on record.
The figure is up 3.0% on the previous year and up 69.9% over ten years.
Over the whole period, annual government taxes and social contributions receipts — total in Iceland peaked at 11,883 National currency in 2024 and was at its lowest, 120.98 National currency, in 1998.
That places Iceland 10th out of 23 countries with data for 2024, putting it 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 — Total in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 120.98 National currency | — |
| 1999 | 154.73 National currency | +27.9% |
| 2000 | 183.52 National currency | +18.6% |
| 2001 | 212.31 National currency | +15.7% |
| 2002 | 226.48 National currency | +6.7% |
| 2003 | 489.51 National currency | +116.1% |
| 2004 | 515.8 National currency | +5.4% |
| 2005 | 323.54 National currency | -37.3% |
| 2006 | 390.37 National currency | +20.7% |
| 2007 | 1,519 National currency | +289.1% |
| 2008 | 2,244 National currency | +47.7% |
| 2009 | 2,470 National currency | +10.1% |
| 2010 | 2,827 National currency | +14.4% |
| 2011 | 2,900 National currency | +2.6% |
| 2012 | 5,402 National currency | +86.3% |
| 2013 | 6,534 National currency | +21.0% |
| 2014 | 6,994 National currency | +7.0% |
| 2015 | 6,638 National currency | -5.1% |
| 2016 | 7,375 National currency | +11.1% |
| 2017 | 7,946 National currency | +7.7% |
| 2018 | 8,542 National currency | +7.5% |
| 2019 | 9,124 National currency | +6.8% |
| 2020 | 9,233 National currency | +1.2% |
| 2021 | 9,160 National currency | -0.8% |
| 2022 | 10,003 National currency | +9.2% |
| 2023 | 11,532 National currency | +15.3% |
| 2024 | 11,883 National currency | +3.0% |
Iceland compared with similar countries
- Iceland's 11,883 National currency is above the median for high income countries, which is 4,286 National currency, 2.8× the median. (23 countries reporting)
- Iceland's 11,883 National currency is above the median for Europe & Central Asia, which is 1,096 National currency, 10.8× the median. (17 countries reporting)
Biggest year-on-year movements
Years where Annual government taxes and social contributions receipts — Total 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 |
|---|---|---|---|
| 2007 | +289.1% | 390.37 National currency | 1,519 National currency |
| 2003 | +116.1% | 226.48 National currency | 489.51 National currency |
| 2012 | +86.3% | 2,900 National currency | 5,402 National currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 137.85 National currency | 120.98 National currency | 154.73 National currency | 2 |
| 2000s | 857.42 National currency | 183.52 National currency | 2,470 National currency | 10 |
| 2010s | 6,428 National currency | 2,827 National currency | 9,124 National currency | 10 |
| 2020s | 10,362 National currency | 9,160 National currency | 11,883 National currency | 5 |
Countries ranked near Iceland
- 7 Denmark 21,378 National currency compare
- 7 Latvia 3.19 National currency compare
- 8 Israel 19,611 National currency compare
- 9 Austria 12,179 National currency compare
- 11 United States of America 5,269 National currency compare
- 12 United Kingdom of Great Britain and Northern Ireland 4,286 National currency compare
- 13 Norway 3,696 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 — total in Iceland?
- Annual government taxes and social contributions receipts — total in Iceland was 11,883 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government taxes and social contributions receipts — total recorded in Iceland?
- The highest recorded value was 11,883 National currency in 2024.
- What is the lowest annual government taxes and social contributions receipts — total recorded in Iceland?
- The lowest recorded value was 120.98 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — total?
- Iceland ranks 10th out of 23 countries with data for 2024.
- Is annual government taxes and social contributions receipts — total rising or falling in Iceland?
- Over the last ten years it is up 69.9%. 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 — Total wage bill and payroll 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