Global Revenue Statistics - Comparative tax revenues in Iceland
Iceland: Global Revenue Statistics - Comparative tax revenues was 36.95 Percentage of GDP in 2024. ▲ Rising
Global Revenue Statistics - Comparative tax revenues in Iceland, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for global revenue statistics - comparative tax revenues in Iceland is 36.95 Percentage of GDP, measured in 2024.
The figure is up 3.0% on the previous year and up 0.1% over ten years.
Over the whole period, global revenue statistics - comparative tax revenues in Iceland peaked at 49.84 Percentage of GDP in 2016 and was at its lowest, 29.13 Percentage of GDP, in 1994.
Iceland ranks 15th of 135 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Global Revenue Statistics - Comparative tax revenues in Iceland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1990 | 29.45 Percentage of GDP | — |
| 1991 | 29.8 Percentage of GDP | +1.2% |
| 1992 | 30.6 Percentage of GDP | +2.7% |
| 1993 | 29.57 Percentage of GDP | -3.4% |
| 1994 | 29.13 Percentage of GDP | -1.5% |
| 1995 | 29.69 Percentage of GDP | +1.9% |
| 1996 | 30.81 Percentage of GDP | +3.8% |
| 1997 | 30.99 Percentage of GDP | +0.6% |
| 1998 | 33.13 Percentage of GDP | +6.9% |
| 1999 | 35.45 Percentage of GDP | +7.0% |
| 2000 | 35.45 Percentage of GDP | -0.0% |
| 2001 | 33.74 Percentage of GDP | -4.8% |
| 2002 | 33.45 Percentage of GDP | -0.8% |
| 2003 | 34.91 Percentage of GDP | +4.4% |
| 2004 | 36.03 Percentage of GDP | +3.2% |
| 2005 | 38.72 Percentage of GDP | +7.5% |
| 2006 | 39.25 Percentage of GDP | +1.4% |
| 2007 | 37.99 Percentage of GDP | -3.2% |
| 2008 | 34.08 Percentage of GDP | -10.3% |
| 2009 | 31.25 Percentage of GDP | -8.3% |
| 2010 | 31.88 Percentage of GDP | +2.0% |
| 2011 | 32.9 Percentage of GDP | +3.2% |
| 2012 | 33.6 Percentage of GDP | +2.1% |
| 2013 | 34.27 Percentage of GDP | +2.0% |
| 2014 | 36.9 Percentage of GDP | +7.7% |
| 2015 | 34.96 Percentage of GDP | -5.3% |
| 2016 | 49.84 Percentage of GDP | +42.6% |
| 2017 | 36.96 Percentage of GDP | -25.8% |
| 2018 | 36.07 Percentage of GDP | -2.4% |
| 2019 | 34.72 Percentage of GDP | -3.8% |
| 2020 | 35.65 Percentage of GDP | +2.7% |
| 2021 | 34.46 Percentage of GDP | -3.3% |
| 2022 | 34.93 Percentage of GDP | +1.4% |
| 2023 | 35.86 Percentage of GDP | +2.7% |
| 2024 | 36.95 Percentage of GDP | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.86 Percentage of GDP | 29.13 Percentage of GDP | 35.45 Percentage of GDP | 10 |
| 2000s | 35.49 Percentage of GDP | 31.25 Percentage of GDP | 39.25 Percentage of GDP | 10 |
| 2010s | 36.21 Percentage of GDP | 31.88 Percentage of GDP | 49.84 Percentage of GDP | 10 |
| 2020s | 35.57 Percentage of GDP | 34.46 Percentage of GDP | 36.95 Percentage of GDP | 5 |
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is global revenue statistics - comparative tax revenues in Iceland?
- Global revenue statistics - comparative tax revenues in Iceland was 36.95 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest global revenue statistics - comparative tax revenues recorded in Iceland?
- The highest recorded value was 49.84 Percentage of GDP in 2016.
- What is the lowest global revenue statistics - comparative tax revenues recorded in Iceland?
- The lowest recorded value was 29.13 Percentage of GDP in 1994.
- How does Iceland rank for global revenue statistics - comparative tax revenues?
- Iceland ranks 15th out of 135 countries with data for 2024.
- Is global revenue statistics - comparative tax revenues rising or falling in Iceland?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Global Revenue Statistics - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data from countries included in Global Revenue Statistics, presented as a percentage of GDP and as a share of total tax revenue, as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax.