Subnational government tax revenue in Iceland
Iceland: Subnational government tax revenue was 33.97 Percentage of GDP in 2024. ▬ Flat
Subnational government tax revenue in Iceland, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Iceland recorded 33.97 Percentage of GDP for subnational government tax revenue in 2024.
Compared with earlier readings it is up 3.3% on the previous year and up 1.6% over ten years.
Over the whole period, subnational government tax revenue in Iceland peaked at 46.49 Percentage of GDP in 2016 and was at its lowest, 28.15 Percentage of GDP, in 2010.
That places Iceland 3rd out of 36 countries with data for 2024, putting it in the top 10%.
Subnational government tax revenue in Iceland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 32.71 Percentage of GDP | — |
| 2001 | 31.03 Percentage of GDP | -5.1% |
| 2002 | 30.74 Percentage of GDP | -0.9% |
| 2003 | 31.97 Percentage of GDP | +4.0% |
| 2004 | 33.14 Percentage of GDP | +3.6% |
| 2005 | 35.68 Percentage of GDP | +7.7% |
| 2006 | 36.15 Percentage of GDP | +1.3% |
| 2007 | 35.17 Percentage of GDP | -2.7% |
| 2008 | 31.49 Percentage of GDP | -10.5% |
| 2009 | 28.43 Percentage of GDP | -9.7% |
| 2010 | 28.15 Percentage of GDP | -1.0% |
| 2011 | 29.15 Percentage of GDP | +3.6% |
| 2012 | 30.13 Percentage of GDP | +3.3% |
| 2013 | 30.75 Percentage of GDP | +2.1% |
| 2014 | 33.42 Percentage of GDP | +8.7% |
| 2015 | 31.54 Percentage of GDP | -5.6% |
| 2016 | 46.49 Percentage of GDP | +47.4% |
| 2017 | 33.61 Percentage of GDP | -27.7% |
| 2018 | 32.67 Percentage of GDP | -2.8% |
| 2019 | 31.54 Percentage of GDP | -3.5% |
| 2020 | 32.69 Percentage of GDP | +3.6% |
| 2021 | 31.53 Percentage of GDP | -3.5% |
| 2022 | 32.02 Percentage of GDP | +1.5% |
| 2023 | 32.89 Percentage of GDP | +2.7% |
| 2024 | 33.97 Percentage of GDP | +3.3% |
Iceland compared with similar countries
- Iceland's 33.97 Percentage of GDP is above the median for high income countries, which is 25.8 Percentage of GDP, 1.3× the median. (33 countries reporting)
- Iceland's 33.97 Percentage of GDP is above the median for Europe & Central Asia, which is 26.56 Percentage of GDP, 1.3× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Subnational government tax revenue 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 | +47.4% | 31.54 Percentage of GDP | 46.49 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.65 Percentage of GDP | 28.43 Percentage of GDP | 36.15 Percentage of GDP | 10 |
| 2010s | 32.75 Percentage of GDP | 28.15 Percentage of GDP | 46.49 Percentage of GDP | 10 |
| 2020s | 32.62 Percentage of GDP | 31.53 Percentage of GDP | 33.97 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 subnational government tax revenue in Iceland?
- Subnational government tax revenue in Iceland was 33.97 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government tax revenue recorded in Iceland?
- The highest recorded value was 46.49 Percentage of GDP in 2016.
- What is the lowest subnational government tax revenue recorded in Iceland?
- The lowest recorded value was 28.15 Percentage of GDP in 2010.
- How does Iceland rank for subnational government tax revenue?
- Iceland ranks 3rd out of 36 countries with data for 2024.
- Is subnational government tax revenue rising or falling in Iceland?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Subnational government tax revenue. Statizoid updates them automatically from the source API.
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About this data
This dataset includes subnational government tax revenue expressed in several units of measures: USD PPP, USD PPP per capita, percentage of GDP, percentage of total public tax revenue and percentage of total subnational revenue. The Subnational Government Structure and Finance Dashboard compiles several datasets with comparable data on institutional organisation and public finance at subnational government level. It provides data for the time period 2000 - 2024 (based on data availability), for all 38 OECD member countries, and the average for the European Union. It includes data for the subnational government sector, for both state and local government levels for some federal countries. The data for the latest year available is also available in PDF format and via an Interactive dashboard.