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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

00.20.40.60.8190019622025

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%

Averages by decade

DecadeAverage LowestHighest 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

  1. 24 Japan 0.819 compare
  2. 24 Republic of Korea 0.819 compare
  3. 27 Jamaica 0.805 compare
  4. 28 Taiwan 0.801 compare
  5. 29 Barbados 0.797 compare

See the full ranking of 176 places →

More economy & growth data for Iceland

All data for Iceland →

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.

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Tax revenue vs. Electoral Democracy Index in Iceland. Statizoid, drawing on V-Dem (2026) – processed by Our World in Data. Retrieved 31 August 2026, from https://economy.statizoid.com/stat/tax-revenues-vs-electoral-democracy-index/iceland/

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About this data

Indicator
Tax revenue vs. Electoral Democracy Index
Source
V-Dem (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
176 places, 29,649 data points, 1789–2025
Last refreshed

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.