Revenue from corporate income taxes as a share of GDP in Iceland
Iceland: Revenue from corporate income taxes as a share of GDP was 2.7% in 2017. ◆ Volatile
Revenue from corporate income taxes as a share of GDP in Iceland, 1980–2017
Source: International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data. Measured in %.
Analysis
In 2017, revenue from corporate income taxes as a share of gdp in Iceland stood at 2.7%.
Compared with earlier readings it is up 19.1% on the previous year and up 15.5% over ten years.
Over the whole period, revenue from corporate income taxes as a share of gdp in Iceland peaked at 3.2% in 2014 and was at its lowest, 0.5%, in 1981.
That places Iceland 75th out of 163 countries with data for 2017, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Revenue from corporate income taxes as a share of GDP in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 0.7% | — |
| 1981 | 0.5% | -25.9% |
| 1982 | 0.8% | +47.5% |
| 1983 | 0.7% | -5.3% |
| 1984 | 0.8% | +1.8% |
| 1985 | 0.9% | +13.6% |
| 1986 | 0.8% | -4.5% |
| 1987 | 0.6% | -26.4% |
| 1988 | 0.8% | +34.0% |
| 1989 | 0.9% | +11.9% |
| 1990 | 0.8% | -7.4% |
| 1991 | 0.8% | -6.6% |
| 1992 | 0.9% | +20.3% |
| 1993 | 0.9% | -2.5% |
| 1994 | 0.7% | -20.4% |
| 1995 | 0.9% | +25.1% |
| 1996 | 0.8% | -8.3% |
| 1997 | 0.9% | +4.9% |
| 1998 | 1.0% | +16.5% |
| 1999 | 1.2% | +18.9% |
| 2000 | 1.2% | -3.6% |
| 2001 | 1.0% | -15.0% |
| 2002 | 0.8% | -15.6% |
| 2003 | 1.2% | +40.6% |
| 2004 | 1.0% | -17.1% |
| 2005 | 1.9% | +94.2% |
| 2006 | 2.3% | +21.3% |
| 2007 | 2.4% | +1.6% |
| 2008 | 1.8% | -23.5% |
| 2009 | 1.6% | -10.0% |
| 2010 | 0.9% | -46.4% |
| 2011 | 1.7% | +92.0% |
| 2012 | 1.8% | +10.0% |
| 2013 | 2.1% | +12.0% |
| 2014 | 3.2% | +55.9% |
| 2015 | 2.3% | -28.9% |
| 2017 | 2.7% | +19.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.8% | 0.5% | 0.9% | 10 |
| 1990s | 0.9% | 0.7% | 1.2% | 10 |
| 2000s | 1.5% | 0.8% | 2.4% | 10 |
| 2010s | 2.1% | 0.9% | 3.2% | 7 |
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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is revenue from corporate income taxes as a share of gdp in Iceland?
- Revenue from corporate income taxes as a share of gdp in Iceland was 2.7% in 2017, according to International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data.
- What is the highest revenue from corporate income taxes as a share of gdp recorded in Iceland?
- The highest recorded value was 3.2% in 2014.
- What is the lowest revenue from corporate income taxes as a share of gdp recorded in Iceland?
- The lowest recorded value was 0.5% in 1981.
- How does Iceland rank for revenue from corporate income taxes as a share of gdp?
- Iceland ranks 75th out of 163 countries with data for 2017.
- Is revenue from corporate income taxes as a share of gdp rising or falling in Iceland?
- Over the last ten years it is up 15.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data, published as part of Revenue from corporate income taxes as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Corporate income taxes include natural resources taxes.