Revenue Statistics in OECD member countries - Comparative tax revenues in Iceland
Iceland: Revenue Statistics in OECD member countries - Comparative tax revenues was 36.95 Percentage of GDP in 2024. ▲ Rising
Revenue Statistics in OECD member countries - Comparative tax revenues in Iceland, 1965–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, revenue statistics in oecd member countries - comparative tax revenues in Iceland stood at 36.95 Percentage of GDP.
Compared with earlier readings it is up 3.0% on the previous year and up 0.1% over ten years.
Over the whole period, revenue statistics in oecd member countries - comparative tax revenues in Iceland peaked at 49.84 Percentage of GDP in 2016 and was at its lowest, 24.86 Percentage of GDP, in 1965.
That places Iceland 14th out of 35 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Revenue Statistics in OECD member countries - Comparative tax revenues in Iceland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1965 | 24.86 Percentage of GDP | — |
| 1970 | 26.05 Percentage of GDP | +4.8% |
| 1975 | 28.52 Percentage of GDP | +9.5% |
| 1980 | 28.18 Percentage of GDP | -1.2% |
| 1981 | 29.26 Percentage of GDP | +3.8% |
| 1982 | 29.53 Percentage of GDP | +0.9% |
| 1983 | 26.98 Percentage of GDP | -8.6% |
| 1984 | 28.16 Percentage of GDP | +4.4% |
| 1985 | 26.82 Percentage of GDP | -4.8% |
| 1986 | 27.01 Percentage of GDP | +0.7% |
| 1987 | 27.33 Percentage of GDP | +1.2% |
| 1988 | 29.78 Percentage of GDP | +9.0% |
| 1989 | 29.89 Percentage of GDP | +0.4% |
| 1990 | 29.45 Percentage of GDP | -1.5% |
| 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% |
Iceland compared with similar countries
- Iceland's 36.95 Percentage of GDP is above the median for high income countries, which is 35.23 Percentage of GDP, 1.0× the median. (33 countries reporting)
- Iceland's 36.95 Percentage of GDP is below the median for Europe & Central Asia, which is 38.02 Percentage of GDP, 97% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Revenue Statistics in OECD member countries - Comparative tax revenues 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 |
|---|---|---|---|
| 2016 | +42.6% | 34.96 Percentage of GDP | 49.84 Percentage of GDP |
| 2017 | -25.8% | 49.84 Percentage of GDP | 36.96 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.86 Percentage of GDP | 24.86 Percentage of GDP | 24.86 Percentage of GDP | 1 |
| 1970s | 27.28 Percentage of GDP | 26.05 Percentage of GDP | 28.52 Percentage of GDP | 2 |
| 1980s | 28.29 Percentage of GDP | 26.82 Percentage of GDP | 29.89 Percentage of GDP | 10 |
| 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
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is revenue statistics in oecd member countries - comparative tax revenues in Iceland?
- Revenue statistics in oecd member countries - 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 revenue statistics in oecd member countries - comparative tax revenues recorded in Iceland?
- The highest recorded value was 49.84 Percentage of GDP in 2016.
- What is the lowest revenue statistics in oecd member countries - comparative tax revenues recorded in Iceland?
- The lowest recorded value was 24.86 Percentage of GDP in 1965.
- How does Iceland rank for revenue statistics in oecd member countries - comparative tax revenues?
- Iceland ranks 14th out of 35 countries with data for 2024.
- Is revenue statistics in oecd member countries - 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 Revenue Statistics in OECD member countries - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data for OECD countries presented as a percentage of GDP and as a share of total tax or non-tax revenues 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.