Taxes less subsidies on products (current LCU), per unit of GDP in Iceland
Iceland: Taxes less subsidies on products (current LCU), per unit of GDP was 12.93 current LCU per US$ of GDP in 2025. ▲ Rising
Taxes less subsidies on products (current LCU), per unit of GDP in Iceland, 1995–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), per unit of gdp in Iceland is 12.93 current LCU per US$ of GDP, measured in 2025.
The figure is down 15.2% on the previous year and down 3.6% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Iceland peaked at 15.25 current LCU per US$ of GDP in 2024 and was at its lowest, 8.46 current LCU per US$ of GDP, in 1995.
That places Iceland 50th out of 197 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Taxes less subsidies on products (current LCU), per unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 8.46 current LCU per US$ of GDP | — |
| 1996 | 8.94 current LCU per US$ of GDP | +5.7% |
| 1997 | 9.43 current LCU per US$ of GDP | +5.4% |
| 1998 | 9.27 current LCU per US$ of GDP | -1.7% |
| 1999 | 10.24 current LCU per US$ of GDP | +10.6% |
| 2000 | 10.45 current LCU per US$ of GDP | +2.0% |
| 2001 | 11.03 current LCU per US$ of GDP | +5.6% |
| 2002 | 10.46 current LCU per US$ of GDP | -5.1% |
| 2003 | 9.34 current LCU per US$ of GDP | -10.8% |
| 2004 | 9.28 current LCU per US$ of GDP | -0.6% |
| 2005 | 9.13 current LCU per US$ of GDP | -1.6% |
| 2006 | 10.14 current LCU per US$ of GDP | +11.0% |
| 2007 | 8.63 current LCU per US$ of GDP | -14.8% |
| 2008 | 9.64 current LCU per US$ of GDP | +11.7% |
| 2009 | 11.91 current LCU per US$ of GDP | +23.5% |
| 2010 | 11.98 current LCU per US$ of GDP | +0.6% |
| 2011 | 11.58 current LCU per US$ of GDP | -3.3% |
| 2012 | 12.98 current LCU per US$ of GDP | +12.1% |
| 2013 | 12.47 current LCU per US$ of GDP | -3.9% |
| 2014 | 11.93 current LCU per US$ of GDP | -4.3% |
| 2015 | 13.4 current LCU per US$ of GDP | +12.3% |
| 2016 | 12.51 current LCU per US$ of GDP | -6.7% |
| 2017 | 11.87 current LCU per US$ of GDP | -5.1% |
| 2018 | 11.66 current LCU per US$ of GDP | -1.7% |
| 2019 | 12.25 current LCU per US$ of GDP | +5.0% |
| 2020 | 13.29 current LCU per US$ of GDP | +8.5% |
| 2021 | 12.98 current LCU per US$ of GDP | -2.4% |
| 2022 | 13.55 current LCU per US$ of GDP | +4.4% |
| 2023 | 14.36 current LCU per US$ of GDP | +6.0% |
| 2024 | 15.25 current LCU per US$ of GDP | +6.2% |
| 2025 | 12.93 current LCU per US$ of GDP | -15.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.27 current LCU per US$ of GDP | 8.46 current LCU per US$ of GDP | 10.24 current LCU per US$ of GDP | 5 |
| 2000s | 10 current LCU per US$ of GDP | 8.63 current LCU per US$ of GDP | 11.91 current LCU per US$ of GDP | 10 |
| 2010s | 12.26 current LCU per US$ of GDP | 11.58 current LCU per US$ of GDP | 13.4 current LCU per US$ of GDP | 10 |
| 2020s | 13.73 current LCU per US$ of GDP | 12.93 current LCU per US$ of GDP | 15.25 current LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 47 Serbia 15.25 current LCU per US$ of GDP compare
- 48 Niger 15.12 current LCU per US$ of GDP compare
- 49 French Polynesia 14.18 current LCU per US$ of GDP compare
- 51 Kyrgyzstan 12.54 current LCU per US$ of GDP compare
- 52 Vanuatu 12.19 current LCU per US$ of GDP compare
- 53 Albania 11.85 current LCU per US$ of GDP 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)
- Total reserves minus gold (current US$), annual growth rate 19.51 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1932 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 18,994 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.88 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 25,628 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.82 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 33.48 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Iceland?
- Taxes less subsidies on products (current lcu), per unit of gdp in Iceland was 12.93 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 15.25 current LCU per US$ of GDP in 2024.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 8.46 current LCU per US$ of GDP in 1995.
- How does Iceland rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Iceland ranks 50th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 3.6%. 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 unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.