Taxes less subsidies on products (current US$), per unit of GDP in Iceland
Iceland: Taxes less subsidies on products (current US$), per unit of GDP was 0.1006 current US$ per US$ of GDP in 2025. ▼ Falling
Taxes less subsidies on products (current US$), per unit of GDP in Iceland, 1995–2025
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Iceland recorded 0.1006 current US$ per US$ of GDP for taxes less subsidies on products (current us$), per unit of gdp in 2025.
The figure is down 9.0% on the previous year and down 0.9% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Iceland peaked at 0.145 current US$ per US$ of GDP in 2005 and was at its lowest, 0.0963 current US$ per US$ of GDP, in 2009.
That places Iceland 77th out of 197 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Taxes less subsidies on products (current US$), per unit of GDP in Iceland, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.1307 current US$ per US$ of GDP | — |
| 1996 | 0.1345 current US$ per US$ of GDP | +2.9% |
| 1997 | 0.1329 current US$ per US$ of GDP | -1.1% |
| 1998 | 0.1306 current US$ per US$ of GDP | -1.8% |
| 1999 | 0.1416 current US$ per US$ of GDP | +8.5% |
| 2000 | 0.1329 current US$ per US$ of GDP | -6.1% |
| 2001 | 0.1132 current US$ per US$ of GDP | -14.8% |
| 2002 | 0.1142 current US$ per US$ of GDP | +0.8% |
| 2003 | 0.1218 current US$ per US$ of GDP | +6.6% |
| 2004 | 0.1323 current US$ per US$ of GDP | +8.6% |
| 2005 | 0.145 current US$ per US$ of GDP | +9.6% |
| 2006 | 0.1445 current US$ per US$ of GDP | -0.4% |
| 2007 | 0.1348 current US$ per US$ of GDP | -6.7% |
| 2008 | 0.1096 current US$ per US$ of GDP | -18.7% |
| 2009 | 0.0963 current US$ per US$ of GDP | -12.1% |
| 2010 | 0.098 current US$ per US$ of GDP | +1.7% |
| 2011 | 0.0999 current US$ per US$ of GDP | +1.9% |
| 2012 | 0.1037 current US$ per US$ of GDP | +3.9% |
| 2013 | 0.1021 current US$ per US$ of GDP | -1.6% |
| 2014 | 0.1022 current US$ per US$ of GDP | +0.1% |
| 2015 | 0.1016 current US$ per US$ of GDP | -0.6% |
| 2016 | 0.1035 current US$ per US$ of GDP | +1.9% |
| 2017 | 0.1111 current US$ per US$ of GDP | +7.3% |
| 2018 | 0.1077 current US$ per US$ of GDP | -3.1% |
| 2019 | 0.0999 current US$ per US$ of GDP | -7.2% |
| 2020 | 0.0981 current US$ per US$ of GDP | -1.8% |
| 2021 | 0.1022 current US$ per US$ of GDP | +4.1% |
| 2022 | 0.1002 current US$ per US$ of GDP | -2.0% |
| 2023 | 0.1041 current US$ per US$ of GDP | +4.0% |
| 2024 | 0.1105 current US$ per US$ of GDP | +6.2% |
| 2025 | 0.1006 current US$ per US$ of GDP | -9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1341 current US$ per US$ of GDP | 0.1306 current US$ per US$ of GDP | 0.1416 current US$ per US$ of GDP | 5 |
| 2000s | 0.1245 current US$ per US$ of GDP | 0.0963 current US$ per US$ of GDP | 0.145 current US$ per US$ of GDP | 10 |
| 2010s | 0.103 current US$ per US$ of GDP | 0.098 current US$ per US$ of GDP | 0.1111 current US$ per US$ of GDP | 10 |
| 2020s | 0.1026 current US$ per US$ of GDP | 0.0981 current US$ per US$ of GDP | 0.1105 current US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 74 New Caledonia 0.103 current US$ per US$ of GDP compare
- 75 Vanuatu 0.1023 current US$ per US$ of GDP compare
- 76 Netherlands 0.1023 current US$ per US$ of GDP compare
- 78 South Africa 0.1002 current US$ per US$ of GDP compare
- 79 Romania 0.0991 current US$ per US$ of GDP compare
- 80 Colombia 0.0979 current US$ 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Iceland?
- Taxes less subsidies on products (current us$), per unit of gdp in Iceland was 0.1006 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Iceland?
- The highest recorded value was 0.145 current US$ per US$ of GDP in 2005.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.0963 current US$ per US$ of GDP in 2009.
- How does Iceland rank for taxes less subsidies on products (current us$), per unit of gdp?
- Iceland ranks 77th out of 197 countries with data for 2025.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 0.9%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.