Annual government taxes and social contributions receipts — Value in Iceland
Iceland: Annual government taxes and social contributions receipts — Value was 423,595 National currency in 2024. ◆ Volatile
Annual government taxes and social contributions receipts — Value in Iceland, 1998–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
Iceland recorded 423,595 National currency for annual government taxes and social contributions receipts — value in 2024. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 14.1% on the previous year and up 163.3% over ten years.
Over the whole period, annual government taxes and social contributions receipts — value in Iceland peaked at 423,595 National currency in 2024 and was at its lowest, 59,024 National currency, in 1998.
Iceland ranks 8th of 29 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 — Value in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 59,024 National currency | — |
| 1999 | 69,860 National currency | +18.4% |
| 2000 | 72,668 National currency | +4.0% |
| 2001 | 72,415 National currency | -0.3% |
| 2002 | 76,747 National currency | +6.0% |
| 2003 | 81,881 National currency | +6.7% |
| 2004 | 96,955 National currency | +18.4% |
| 2005 | 113,895 National currency | +17.5% |
| 2006 | 132,586 National currency | +16.4% |
| 2007 | 138,601 National currency | +4.5% |
| 2008 | 135,468 National currency | -2.3% |
| 2009 | 121,427 National currency | -10.4% |
| 2010 | 123,695 National currency | +1.9% |
| 2011 | 131,057 National currency | +6.0% |
| 2012 | 142,814 National currency | +9.0% |
| 2013 | 149,828 National currency | +4.9% |
| 2014 | 160,871 National currency | +7.4% |
| 2015 | 183,674 National currency | +14.2% |
| 2016 | 205,435 National currency | +11.8% |
| 2017 | 233,951 National currency | +13.9% |
| 2018 | 244,624 National currency | +4.6% |
| 2019 | 243,285 National currency | -0.5% |
| 2020 | 233,732 National currency | -3.9% |
| 2021 | 277,808 National currency | +18.9% |
| 2022 | 323,469 National currency | +16.4% |
| 2023 | 371,255 National currency | +14.8% |
| 2024 | 423,595 National currency | +14.1% |
Iceland compared with similar countries
- Iceland's 423,595 National currency is above the median for high income countries, which is 143,275 National currency, 3.0× the median. (27 countries reporting)
- Iceland's 423,595 National currency is above the median for Europe & Central Asia, which is 119,072 National currency, 3.6× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 64,442 National currency | 59,024 National currency | 69,860 National currency | 2 |
| 2000s | 104,264 National currency | 72,415 National currency | 138,601 National currency | 10 |
| 2010s | 181,923 National currency | 123,695 National currency | 244,624 National currency | 10 |
| 2020s | 325,972 National currency | 233,732 National currency | 423,595 National currency | 5 |
Countries ranked near Iceland
- 5 Mexico 1.41 million National currency compare
- 5 Netherlands 78,805 National currency compare
- 6 Czechia 586,901 National currency compare
- 6 Lithuania 6,408 National currency compare
- 7 Slovenia 5,350 National currency compare
- 7 Sweden 579,440 National currency compare
- 8 Estonia 4,166 National currency compare
- 9 Norway 401,000 National currency compare
- 9 Latvia 3,845 National currency compare
- 10 Germany 298,764 National currency compare
- 11 Denmark 285,160 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 — value in Iceland?
- Annual government taxes and social contributions receipts — value in Iceland was 423,595 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government taxes and social contributions receipts — value recorded in Iceland?
- The highest recorded value was 423,595 National currency in 2024.
- What is the lowest annual government taxes and social contributions receipts — value recorded in Iceland?
- The lowest recorded value was 59,024 National currency in 1998.
- How does Iceland rank for annual government taxes and social contributions receipts — value?
- Iceland ranks 8th out of 29 countries with data for 2024.
- Is annual government taxes and social contributions receipts — value rising or falling in Iceland?
- Over the last ten years it is up 163.3%. 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 — Value added type 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