Taxes less subsidies on products (current US$), annual growth rate in Iceland
Iceland: Taxes less subsidies on products (current US$), annual growth rate was 5.83 % change on previous year in 2025. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in Iceland, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, taxes less subsidies on products (current us$), annual growth rate in Iceland stood at 5.83 % change on previous year.
That represents a change of down 47.6% on the previous year and up 333.5% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Iceland peaked at 34.61 % change on previous year in 2005 and was at its lowest, -36.38 % change on previous year, in 2009.
That places Iceland 128th out of 197 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 7.24 % change on previous year | — |
| 1997 | -0.7441 % change on previous year | -110.3% |
| 1998 | 9.95 % change on previous year | -1437.0% |
| 1999 | 14.36 % change on previous year | +44.4% |
| 2000 | -5.81 % change on previous year | -140.4% |
| 2001 | -22.43 % change on previous year | +286.0% |
| 2002 | 14.07 % change on previous year | -162.7% |
| 2003 | 30.98 % change on previous year | +120.3% |
| 2004 | 31.17 % change on previous year | +0.6% |
| 2005 | 34.61 % change on previous year | +11.0% |
| 2006 | 2.69 % change on previous year | -92.2% |
| 2007 | 15.96 % change on previous year | +493.8% |
| 2008 | -32.43 % change on previous year | -303.2% |
| 2009 | -36.38 % change on previous year | +12.2% |
| 2010 | 7.22 % change on previous year | -119.8% |
| 2011 | 12.67 % change on previous year | +75.6% |
| 2012 | 0.845 % change on previous year | -93.3% |
| 2013 | 6.95 % change on previous year | +722.1% |
| 2014 | 11.23 % change on previous year | +61.7% |
| 2015 | -2.5 % change on previous year | -122.2% |
| 2016 | 21.37 % change on previous year | -955.3% |
| 2017 | 27.6 % change on previous year | +29.2% |
| 2018 | 3.19 % change on previous year | -88.5% |
| 2019 | -13.1 % change on previous year | -511.1% |
| 2020 | -13.41 % change on previous year | +2.4% |
| 2021 | 23.98 % change on previous year | -278.8% |
| 2022 | 9.02 % change on previous year | -62.4% |
| 2023 | 12.96 % change on previous year | +43.6% |
| 2024 | 11.13 % change on previous year | -14.1% |
| 2025 | 5.83 % change on previous year | -47.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.7 % change on previous year | -0.7441 % change on previous year | 14.36 % change on previous year | 4 |
| 2000s | 3.24 % change on previous year | -36.38 % change on previous year | 34.61 % change on previous year | 10 |
| 2010s | 7.55 % change on previous year | -13.1 % change on previous year | 27.6 % change on previous year | 10 |
| 2020s | 8.25 % change on previous year | -13.41 % change on previous year | 23.98 % change on previous year | 6 |
Countries ranked near Iceland
- 125 Norway 6.46 % change on previous year compare
- 126 Viet Nam 6.22 % change on previous year compare
- 127 Cyprus 6.22 % change on previous year compare
- 129 Georgia 5.8 % change on previous year compare
- 130 Peru 5.75 % change on previous year compare
- 131 Barbados 5.51 % change on previous year 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)
- Gross capital formation (current US$), annual growth rate 17.72 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2657 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 26,128 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.6 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 34.13 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3.36 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current us$), annual growth rate in Iceland?
- Taxes less subsidies on products (current us$), annual growth rate in Iceland was 5.83 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Iceland?
- The highest recorded value was 34.61 % change on previous year in 2005.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Iceland?
- The lowest recorded value was -36.38 % change on previous year in 2009.
- How does Iceland rank for taxes less subsidies on products (current us$), annual growth rate?
- Iceland ranks 128th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 333.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.