Taxes less subsidies on products (current US$), per capita (capita US) in Iceland
Iceland: Taxes less subsidies on products (current US$), per capita (capita US) was 9,894 current US$ per person in 2025. ▲ Rising
Taxes less subsidies on products (current US$), per capita in Iceland, 1995–2025
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
Iceland recorded 9,894 current US$ per person for taxes less subsidies on products (current us$), per capita in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 4.2% on the previous year and up 82.0% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per capita in Iceland peaked at 9,894 current US$ per person in 2025 and was at its lowest, 3,307 current US$ per person, in 2001.
That places Iceland 2nd 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 US$), per capita (capita US) in Iceland, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1995 | 3,603 current US$ per person | — |
| 1996 | 3,843 current US$ per person | +6.7% |
| 1997 | 3,783 current US$ per person | -1.6% |
| 1998 | 4,116 current US$ per person | +8.8% |
| 1999 | 4,650 current US$ per person | +13.0% |
| 2000 | 4,320 current US$ per person | -7.1% |
| 2001 | 3,307 current US$ per person | -23.5% |
| 2002 | 3,739 current US$ per person | +13.1% |
| 2003 | 4,863 current US$ per person | +30.1% |
| 2004 | 6,323 current US$ per person | +30.0% |
| 2005 | 8,378 current US$ per person | +32.5% |
| 2006 | 8,404 current US$ per person | +0.3% |
| 2007 | 9,501 current US$ per person | +13.1% |
| 2008 | 6,302 current US$ per person | -33.7% |
| 2009 | 3,996 current US$ per person | -36.6% |
| 2010 | 4,290 current US$ per person | +7.4% |
| 2011 | 4,819 current US$ per person | +12.3% |
| 2012 | 4,834 current US$ per person | +0.3% |
| 2013 | 5,121 current US$ per person | +5.9% |
| 2014 | 5,633 current US$ per person | +10.0% |
| 2015 | 5,436 current US$ per person | -3.5% |
| 2016 | 6,506 current US$ per person | +19.7% |
| 2017 | 8,109 current US$ per person | +24.6% |
| 2018 | 8,146 current US$ per person | +0.5% |
| 2019 | 6,925 current US$ per person | -15.0% |
| 2020 | 5,900 current US$ per person | -14.8% |
| 2021 | 7,196 current US$ per person | +22.0% |
| 2022 | 7,650 current US$ per person | +6.3% |
| 2023 | 8,560 current US$ per person | +11.9% |
| 2024 | 9,492 current US$ per person | +10.9% |
| 2025 | 9,894 current US$ per person | +4.2% |
Iceland compared with similar countries
- Iceland's 9,894 current US$ per person is above the median for high income countries, which is 3,479 current US$ per person, 2.8× the median. (74 countries reporting)
- Iceland's 9,894 current US$ per person is above the median for Europe & Central Asia, which is 3,402 current US$ per person, 2.9× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,999 current US$ per person | 3,603 current US$ per person | 4,650 current US$ per person | 5 |
| 2000s | 5,913 current US$ per person | 3,307 current US$ per person | 9,501 current US$ per person | 10 |
| 2010s | 5,982 current US$ per person | 4,290 current US$ per person | 8,146 current US$ per person | 10 |
| 2020s | 8,115 current US$ per person | 5,900 current US$ per person | 9,894 current US$ per person | 6 |
Countries ranked near Iceland
- 1 Luxembourg 13,908 current US$ per person compare
- 3 Faroe Islands 8,758 current US$ per person compare
- 4 Denmark 8,720 current US$ per person compare
- 5 Norway 8,374 current US$ 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 us$), per capita in Iceland?
- Taxes less subsidies on products (current us$), per capita in Iceland was 9,894 current US$ per person in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per capita recorded in Iceland?
- The highest recorded value was 9,894 current US$ per person in 2025.
- What is the lowest taxes less subsidies on products (current us$), per capita recorded in Iceland?
- The lowest recorded value was 3,307 current US$ per person in 2001.
- How does Iceland rank for taxes less subsidies on products (current us$), per capita?
- Iceland ranks 2nd out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), per capita rising or falling in Iceland?
- Over the last ten years it is up 82.0%. 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 US$), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (current US$) 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 US$) ÷ Population, total
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.