Effect of taxes and social transfers on income quintile share ratio in Iceland
Iceland: Effect of taxes and social transfers on income quintile share ratio was 2 Ratio in 2020. ▼ Falling
Latest (2020)
2 Ratio
Change on year
up 17.6%
World rank
33rd
of 45 countries
All-time high
3.5 Ratio
in 2012
All-time low
1.7 Ratio
in 2018
Years of data
11
2010–2020
Effect of taxes and social transfers on income quintile share ratio in Iceland, 2010–2020
Source: Eurostat. Measured in Ratio.
Analysis
Iceland recorded 2 Ratio for effect of taxes and social transfers on income quintile share ratio in 2020.
The figure is up 17.6% on the previous year and down 25.9% over ten years.
Over the whole period, effect of taxes and social transfers on income quintile share ratio in Iceland peaked at 3.5 Ratio in 2012 and was at its lowest, 1.7 Ratio, in 2018.
Iceland ranks 33rd of 45 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Effect of taxes and social transfers on income quintile share ratio in Iceland, year by year
| Year | Ratio | Change |
|---|---|---|
| 2010 | 2.7 Ratio | — |
| 2011 | 3.2 Ratio | +18.5% |
| 2012 | 3.5 Ratio | +9.4% |
| 2013 | 3.1 Ratio | -11.4% |
| 2014 | 2.5 Ratio | -19.4% |
| 2015 | 2.7 Ratio | +8.0% |
| 2016 | 2.3 Ratio | -14.8% |
| 2017 | 1.8 Ratio | -21.7% |
| 2018 | 1.7 Ratio | -5.6% |
| 2019 | 1.7 Ratio | +0.0% |
| 2020 | 2 Ratio | +17.6% |
Iceland compared with similar countries
- Iceland's 2 Ratio is below the median for Europe & Central Asia, which is 3.05 Ratio, 66% of the median. (34 countries reporting)
- Iceland's 2 Ratio is below the median for high income countries, which is 3.2 Ratio, 62% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.52 Ratio | 1.7 Ratio | 3.5 Ratio | 10 |
| 2020s | 2 Ratio | 2 Ratio | 2 Ratio | 1 |
Countries ranked near Iceland
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 effect of taxes and social transfers on income quintile share ratio in Iceland?
- Effect of taxes and social transfers on income quintile share ratio in Iceland was 2 Ratio in 2020, according to Eurostat.
- What is the highest effect of taxes and social transfers on income quintile share ratio recorded in Iceland?
- The highest recorded value was 3.5 Ratio in 2012.
- What is the lowest effect of taxes and social transfers on income quintile share ratio recorded in Iceland?
- The lowest recorded value was 1.7 Ratio in 2018.
- How does Iceland rank for effect of taxes and social transfers on income quintile share ratio?
- Iceland ranks 33rd out of 45 countries with data for 2020.
- Is effect of taxes and social transfers on income quintile share ratio rising or falling in Iceland?
- Over the last ten years it is down 25.9%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Effect of taxes and social transfers on income quintile share ratio S80/S20. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (Eurostat).