Tax revenue vs. Electoral Democracy Index in Iceland
Iceland: Tax revenue vs. Electoral Democracy Index was 0.807 in 2025. ▲ Rising
Latest (2025)
0.807
Change on year
down 4.2%
World rank
26th
of 176 countries
All-time high
0.882
in 2009
All-time low
0.346
in 1900
Years of data
126
1900–2025
Tax revenue vs. Electoral Democracy Index in Iceland, 1900–2025
Source: V-Dem (2026) – processed by Our World in Data.
Analysis
The most recent figure for tax revenue vs. electoral democracy index in Iceland is 0.807, measured in 2025.
Compared with earlier readings it is down 4.2% on the previous year and down 6.3% over ten years.
Over the whole period, tax revenue vs. electoral democracy index in Iceland peaked at 0.882 in 2009 and was at its lowest, 0.346, in 1900.
Iceland ranks 26th of 176 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 126 years of available data.
Tax revenue vs. Electoral Democracy Index in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1900 | 0.346 | — |
| 1901 | 0.346 | +0.0% |
| 1902 | 0.346 | +0.0% |
| 1903 | 0.346 | +0.0% |
| 1904 | 0.51 | +47.4% |
| 1905 | 0.554 | +8.6% |
| 1906 | 0.554 | +0.0% |
| 1907 | 0.554 | +0.0% |
| 1908 | 0.554 | +0.0% |
| 1909 | 0.553 | -0.2% |
| 1910 | 0.553 | +0.0% |
| 1911 | 0.553 | +0.0% |
| 1912 | 0.551 | -0.4% |
| 1913 | 0.551 | +0.0% |
| 1914 | 0.553 | +0.4% |
| 1915 | 0.553 | +0.0% |
| 1916 | 0.774 | +40.0% |
| 1917 | 0.775 | +0.1% |
| 1918 | 0.775 | +0.0% |
| 1919 | 0.774 | -0.1% |
| 1920 | 0.77 | -0.5% |
| 1921 | 0.77 | +0.0% |
| 1922 | 0.77 | +0.0% |
| 1923 | 0.77 | +0.0% |
| 1924 | 0.771 | +0.1% |
| 1925 | 0.771 | +0.0% |
| 1926 | 0.771 | +0.0% |
| 1927 | 0.774 | +0.4% |
| 1928 | 0.776 | +0.3% |
| 1929 | 0.776 | +0.0% |
| 1930 | 0.772 | -0.5% |
| 1931 | 0.771 | -0.1% |
| 1932 | 0.77 | -0.1% |
| 1933 | 0.769 | -0.1% |
| 1934 | 0.768 | -0.1% |
| 1935 | 0.788 | +2.6% |
| 1936 | 0.788 | +0.0% |
| 1937 | 0.789 | +0.1% |
| 1938 | 0.789 | +0.0% |
| 1939 | 0.789 | +0.0% |
| 1940 | 0.771 | -2.3% |
| 1941 | 0.771 | +0.0% |
| 1942 | 0.774 | +0.4% |
| 1943 | 0.776 | +0.3% |
| 1944 | 0.784 | +1.0% |
| 1945 | 0.789 | +0.6% |
| 1946 | 0.797 | +1.0% |
| 1947 | 0.795 | -0.3% |
| 1948 | 0.795 | +0.0% |
| 1949 | 0.795 | +0.0% |
| 1950 | 0.798 | +0.4% |
| 1951 | 0.798 | +0.0% |
| 1952 | 0.802 | +0.5% |
| 1953 | 0.806 | +0.5% |
| 1954 | 0.807 | +0.1% |
| 1955 | 0.807 | +0.0% |
| 1956 | 0.807 | +0.0% |
| 1957 | 0.808 | +0.1% |
| 1958 | 0.808 | +0.0% |
| 1959 | 0.808 | +0.0% |
| 1960 | 0.809 | +0.1% |
| 1961 | 0.809 | +0.0% |
| 1962 | 0.809 | +0.0% |
| 1963 | 0.808 | -0.1% |
| 1964 | 0.807 | -0.1% |
| 1965 | 0.807 | +0.0% |
| 1966 | 0.818 | +1.4% |
| 1967 | 0.824 | +0.7% |
| 1968 | 0.824 | +0.0% |
| 1969 | 0.823 | -0.1% |
| 1970 | 0.823 | +0.0% |
| 1971 | 0.825 | +0.2% |
| 1972 | 0.826 | +0.1% |
| 1973 | 0.826 | +0.0% |
| 1974 | 0.826 | +0.0% |
| 1975 | 0.825 | -0.1% |
| 1976 | 0.825 | +0.0% |
| 1977 | 0.825 | +0.0% |
| 1978 | 0.826 | +0.1% |
| 1979 | 0.827 | +0.1% |
| 1980 | 0.849 | +2.7% |
| 1981 | 0.849 | +0.0% |
| 1982 | 0.849 | +0.0% |
| 1983 | 0.845 | -0.5% |
| 1984 | 0.843 | -0.2% |
| 1985 | 0.843 | +0.0% |
| 1986 | 0.852 | +1.1% |
| 1987 | 0.859 | +0.8% |
| 1988 | 0.859 | +0.0% |
| 1989 | 0.859 | +0.0% |
| 1990 | 0.862 | +0.3% |
| 1991 | 0.862 | +0.0% |
| 1992 | 0.862 | +0.0% |
| 1993 | 0.862 | +0.0% |
| 1994 | 0.862 | +0.0% |
| 1995 | 0.862 | +0.0% |
| 1996 | 0.869 | +0.8% |
| 1997 | 0.868 | -0.1% |
| 1998 | 0.868 | +0.0% |
| 1999 | 0.868 | +0.0% |
| 2000 | 0.868 | +0.0% |
| 2001 | 0.868 | +0.0% |
| 2002 | 0.868 | +0.0% |
| 2003 | 0.867 | -0.1% |
| 2004 | 0.867 | +0.0% |
| 2005 | 0.865 | -0.2% |
| 2006 | 0.865 | +0.0% |
| 2007 | 0.873 | +0.9% |
| 2008 | 0.88 | +0.8% |
| 2009 | 0.882 | +0.2% |
| 2010 | 0.881 | -0.1% |
| 2011 | 0.881 | +0.0% |
| 2012 | 0.875 | -0.7% |
| 2013 | 0.858 | -1.9% |
| 2014 | 0.856 | -0.2% |
| 2015 | 0.861 | +0.6% |
| 2016 | 0.86 | -0.1% |
| 2017 | 0.861 | +0.1% |
| 2018 | 0.875 | +1.6% |
| 2019 | 0.859 | -1.8% |
| 2020 | 0.859 | +0.0% |
| 2021 | 0.836 | -2.7% |
| 2022 | 0.832 | -0.5% |
| 2023 | 0.841 | +1.1% |
| 2024 | 0.842 | +0.1% |
| 2025 | 0.807 | -4.2% |
Iceland compared with similar countries
- Iceland's 0.807 is above the median for high income countries, which is 0.786, 1.0× the median. (55 countries reporting)
- Iceland's 0.807 is above the median for Europe & Central Asia, which is 0.737, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Tax revenue vs. Electoral Democracy Index 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 |
|---|---|---|---|
| 1904 | +47.4% | 0.346 | 0.51 |
| 1916 | +40.0% | 0.553 | 0.774 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1900s | 0.4663 | 0.346 | 0.554 | 10 |
| 1910s | 0.6412 | 0.551 | 0.775 | 10 |
| 1920s | 0.7719 | 0.77 | 0.776 | 10 |
| 1930s | 0.7793 | 0.768 | 0.789 | 10 |
| 1940s | 0.7847 | 0.771 | 0.797 | 10 |
| 1950s | 0.8049 | 0.798 | 0.808 | 10 |
| 1960s | 0.8138 | 0.807 | 0.824 | 10 |
| 1970s | 0.8254 | 0.823 | 0.827 | 10 |
| 1980s | 0.8507 | 0.843 | 0.859 | 10 |
| 1990s | 0.8645 | 0.862 | 0.869 | 10 |
| 2000s | 0.8703 | 0.865 | 0.882 | 10 |
| 2010s | 0.8667 | 0.856 | 0.881 | 10 |
| 2020s | 0.8362 | 0.807 | 0.859 | 6 |
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is tax revenue vs. electoral democracy index in Iceland?
- Tax revenue vs. electoral democracy index in Iceland was 0.807 in 2025, according to V-Dem (2026) – processed by Our World in Data.
- What is the highest tax revenue vs. electoral democracy index recorded in Iceland?
- The highest recorded value was 0.882 in 2009.
- What is the lowest tax revenue vs. electoral democracy index recorded in Iceland?
- The lowest recorded value was 0.346 in 1900.
- How does Iceland rank for tax revenue vs. electoral democracy index?
- Iceland ranks 26th out of 176 countries with data for 2025.
- Is tax revenue vs. electoral democracy index rising or falling in Iceland?
- Over the last ten years it is down 6.3%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from V-Dem (2026) – processed by Our World in Data, published as part of Tax revenue vs. Electoral Democracy Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 126 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Central estimate of the extent to which political leaders are elected under comprehensive suffrage in free and fair elections, and freedoms of association and expression are guaranteed.