Taxes on goods and services gdp in Iceland
Iceland: Taxes on goods and services gdp was 11.34 in 2023. ▼ Falling
Latest (2023)
11.34
Change on year
up 0.2%
World rank
46th
of 186 countries
All-time high
17.03
in 2005
All-time low
10.93
in 2009
Years of data
44
1980–2023
Taxes on goods and services gdp in Iceland, 1980–2023
Source: Our World in Data.
Analysis
In 2023, taxes on goods and services gdp in Iceland stood at 11.34.
That represents a change of up 0.2% on the previous year and down 0.6% over ten years.
Over the whole period, taxes on goods and services gdp in Iceland peaked at 17.03 in 2005 and was at its lowest, 10.93, in 2009.
That places Iceland 46th out of 186 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Taxes on goods and services gdp in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 13.06 | — |
| 1981 | 13.87 | +6.2% |
| 1982 | 14.33 | +3.3% |
| 1983 | 13.36 | -6.7% |
| 1984 | 13.96 | +4.5% |
| 1985 | 13.73 | -1.6% |
| 1986 | 13.69 | -0.3% |
| 1987 | 14.23 | +3.9% |
| 1988 | 15.5 | +8.9% |
| 1989 | 15.03 | -3.1% |
| 1990 | 13.75 | -8.5% |
| 1991 | 13.68 | -0.5% |
| 1992 | 13.98 | +2.1% |
| 1993 | 14.54 | +4.1% |
| 1994 | 15.16 | +4.2% |
| 1995 | 15.35 | +1.2% |
| 1996 | 15.72 | +2.4% |
| 1997 | 15.32 | -2.5% |
| 1998 | 15.54 | +1.4% |
| 1999 | 16.63 | +7.1% |
| 2000 | 15.88 | -4.5% |
| 2001 | 13.75 | -13.4% |
| 2002 | 13.84 | +0.7% |
| 2003 | 14.62 | +5.6% |
| 2004 | 15.68 | +7.3% |
| 2005 | 17.03 | +8.6% |
| 2006 | 16.95 | -0.5% |
| 2007 | 15.79 | -6.8% |
| 2008 | 12.62 | -20.1% |
| 2009 | 10.93 | -13.4% |
| 2010 | 11.11 | +1.7% |
| 2011 | 11.22 | +1.0% |
| 2012 | 11.61 | +3.5% |
| 2013 | 11.41 | -1.8% |
| 2014 | 11.38 | -0.3% |
| 2015 | 11.35 | -0.3% |
| 2016 | 11.67 | +2.9% |
| 2017 | 12.48 | +6.9% |
| 2018 | 12.14 | -2.7% |
| 2019 | 11.4 | -6.2% |
| 2020 | 11.38 | -0.1% |
| 2021 | 11.55 | +1.4% |
| 2022 | 11.32 | -2.0% |
| 2023 | 11.34 | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 14.07 | 13.06 | 15.5 | 10 |
| 1990s | 14.97 | 13.68 | 16.63 | 10 |
| 2000s | 14.71 | 10.93 | 17.03 | 10 |
| 2010s | 11.58 | 11.11 | 12.48 | 10 |
| 2020s | 11.4 | 11.32 | 11.55 | 4 |
Countries ranked near Iceland
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 domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 23,906 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.36 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 31.23 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 3.07 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is taxes on goods and services gdp in Iceland?
- Taxes on goods and services gdp in Iceland was 11.34 in 2023, according to Our World in Data.
- What is the highest taxes on goods and services gdp recorded in Iceland?
- The highest recorded value was 17.03 in 2005.
- What is the lowest taxes on goods and services gdp recorded in Iceland?
- The lowest recorded value was 10.93 in 2009.
- How does Iceland rank for taxes on goods and services gdp?
- Iceland ranks 46th out of 186 countries with data for 2023.
- Is taxes on goods and services gdp rising or falling in Iceland?
- Over the last ten years it is down 0.6%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Taxes on goods and services gdp. Statizoid updates them automatically from the source API.
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