Government revenue in Iceland in 2023 — 31.45%. Ranked 34 in the world out of 111. Since 1972, the indicator has risen by 6.23 pp.
1972–2023 · % of GDP
How the value compares with the world and the groups this territory belongs to: Iceland
| Year | % | Change, pp |
|---|---|---|
| 2023 | 31.45 | +0.79 pp |
| 2022 | 30.66 | +2.27 pp |
| 2021 | 28.38 | −0.54 pp |
| 2020 | 28.93 | −1.13 pp |
| 2019 | 30.06 | −2.44 pp |
| 2018 | 32.5 | −0.84 pp |
| 2017 | 33.34 | −13.97 pp |
| 2016 | 47.31 | +15.28 pp |
| 2015 | 32.03 | −2.82 pp |
| 2014 | 34.84 | +1.45 pp |
| 2013 | 33.4 | −0.27 pp |
| 2012 | 33.67 | +0.9 pp |
| 2011 | 32.77 | +1.3 pp |
| 2010 | 31.46 | −2.8 pp |
| 2009 | 34.26 | −5.53 pp |
| 2008 | 39.8 | +2.19 pp |
| 2007 | 37.61 | −1.04 pp |
| 2006 | 38.65 | +0.76 pp |
| 2005 | 37.89 | +6.69 pp |
| 2004 | 31.2 | +1.09 pp |
| 2003 | 30.11 | +0.89 pp |
| 2002 | 29.23 | −0.43 pp |
| 2001 | 29.66 | −2.05 pp |
| 2000 | 31.7 | −0.78 pp |
| 1999 | 32.48 | +2.23 pp |
| 1998 | 30.25 | +2.11 pp |
| 1997 | 28.14 | −1.2 pp |
| 1996 | 29.34 | +1.02 pp |
| 1995 | 28.32 | +0.47 pp |
| 1994 | 27.85 | −0.1 pp |
| 1993 | 27.95 | −0.79 pp |
| 1992 | 28.74 | +1.11 pp |
| 1991 | 27.63 | +0.2 pp |
| 1990 | 27.43 | −0.12 pp |
| 1989 | 27.55 | +1.38 pp |
| 1988 | 26.18 | +1.81 pp |
| 1987 | 24.37 | −0.19 pp |
| 1986 | 24.55 | +0.2 pp |
| 1985 | 24.36 | −0.79 pp |
| 1984 | 25.14 | +0.55 pp |
| 1983 | 24.59 | −1.65 pp |
| 1982 | 26.24 | +0.9 pp |
| 1981 | 25.35 | +1 pp |
| 1980 | 24.35 | −0.87 pp |
| 1979 | 25.21 | +0.86 pp |
| 1978 | 24.35 | +0.87 pp |
| 1977 | 23.48 | −0.75 pp |
| 1976 | 24.22 | −1.58 pp |
| 1975 | 25.8 | −0.26 pp |
| 1974 | 26.06 | +0.82 pp |
| 1973 | 25.24 | +0.02 pp |
| 1972 | 25.22 | — |
The same indicator for neighboring countries — with links to their pages
Central government revenue excluding grants, as a percent of GDP. Beyond taxes it includes non-tax receipts: dividends of state-owned companies, revenue from the sale of extraction rights, duties and fees. That is why the difference between this indicator and tax revenue says something about the structure of a state: in commodity countries it is large, because a substantial part of the budget comes not from taxes but from rent.
Important: Grants are excluded deliberately: in the poorest countries foreign aid can make up a substantial part of the budget, and with it included the indicator would no longer measure the ability of a state to raise revenue.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much the state spends in a year — including wages, pensions, benefits and interest on debt.
Public Finance Budget balanceThe budget deficit or surplus as a percent of GDP. A negative value means spending exceeds revenue.
Public Finance Tax revenue (% of GDP)Taxes collected as a percent of GDP — the fiscal capacity of the state.
Public Finance Government debtGross general government debt as a percent of GDP.
