Taxes less subsidies on products (current LCU), per capita (capita) in Iceland
Iceland: Taxes less subsidies on products (current LCU), per capita (capita) was 1.27 million current LCU per person in 2025. ▲ Rising
Taxes less subsidies on products (current LCU), per capita in Iceland, 1995–2025
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
Iceland recorded 1.27 million current LCU per person for taxes less subsidies on products (current lcu), per capita in 2025.
That represents a change of down 2.9% on the previous year and up 77.2% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per capita in Iceland peaked at 1.31 million current LCU per person in 2024 and was at its lowest, 233,093 current LCU per person, in 1995.
That places Iceland 14th out of 197 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Taxes less subsidies on products (current LCU), per capita (capita) in Iceland, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1995 | 233,093 current LCU per person | — |
| 1996 | 255,574 current LCU per person | +9.6% |
| 1997 | 268,264 current LCU per person | +5.0% |
| 1998 | 292,034 current LCU per person | +8.9% |
| 1999 | 336,364 current LCU per person | +15.2% |
| 2000 | 339,649 current LCU per person | +1.0% |
| 2001 | 322,205 current LCU per person | -5.1% |
| 2002 | 342,710 current LCU per person | +6.4% |
| 2003 | 373,061 current LCU per person | +8.9% |
| 2004 | 443,840 current LCU per person | +19.0% |
| 2005 | 527,661 current LCU per person | +18.9% |
| 2006 | 589,758 current LCU per person | +11.8% |
| 2007 | 608,587 current LCU per person | +3.2% |
| 2008 | 554,232 current LCU per person | -8.9% |
| 2009 | 494,017 current LCU per person | -10.9% |
| 2010 | 524,429 current LCU per person | +6.2% |
| 2011 | 558,787 current LCU per person | +6.6% |
| 2012 | 604,647 current LCU per person | +8.2% |
| 2013 | 625,690 current LCU per person | +3.5% |
| 2014 | 657,786 current LCU per person | +5.1% |
| 2015 | 717,065 current LCU per person | +9.0% |
| 2016 | 786,009 current LCU per person | +9.6% |
| 2017 | 866,372 current LCU per person | +10.2% |
| 2018 | 882,253 current LCU per person | +1.8% |
| 2019 | 849,075 current LCU per person | -3.8% |
| 2020 | 798,995 current LCU per person | -5.9% |
| 2021 | 913,817 current LCU per person | +14.4% |
| 2022 | 1.03 million current LCU per person | +13.3% |
| 2023 | 1.18 million current LCU per person | +14.1% |
| 2024 | 1.31 million current LCU per person | +10.9% |
| 2025 | 1.27 million current LCU per person | -2.9% |
Iceland compared with similar countries
- Iceland's 1.27 million current LCU per person is above the median for high income countries, which is 5,931 current LCU per person, 214.3× the median. (74 countries reporting)
- Iceland's 1.27 million current LCU per person is above the median for Europe & Central Asia, which is 5,091 current LCU per person, 249.6× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 277,066 current LCU per person | 233,093 current LCU per person | 336,364 current LCU per person | 5 |
| 2000s | 459,572 current LCU per person | 322,205 current LCU per person | 608,587 current LCU per person | 10 |
| 2010s | 707,211 current LCU per person | 524,429 current LCU per person | 882,253 current LCU per person | 10 |
| 2020s | 1.08 million current LCU per person | 798,995 current LCU per person | 1.31 million current LCU per person | 6 |
Countries ranked near Iceland
- 11 Uzbekistan 2.20 million current LCU per person compare
- 12 Chile 1.65 million current LCU per person compare
- 13 Hungary 1.31 million current LCU per person compare
- 15 Guinea 1.23 million current LCU per person compare
- 16 Costa Rica 757,287 current LCU per person compare
- 17 Cambodia 665,425 current LCU per person compare
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 taxes less subsidies on products (current lcu), per capita in Iceland?
- Taxes less subsidies on products (current lcu), per capita in Iceland was 1.27 million current LCU per person in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per capita recorded in Iceland?
- The highest recorded value was 1.31 million current LCU per person in 2024.
- What is the lowest taxes less subsidies on products (current lcu), per capita recorded in Iceland?
- The lowest recorded value was 233,093 current LCU per person in 1995.
- How does Iceland rank for taxes less subsidies on products (current lcu), per capita?
- Iceland ranks 14th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), per capita rising or falling in Iceland?
- Over the last ten years it is up 77.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Taxes less subsidies on products (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ Population, total
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.