Tax revenue (% of GDP) in Iceland in 2023 — 23.16%. Ranked 20 in the world out of 111. Since 1972, the indicator has risen by 1.11 pp.
1972–2023 · % of GDP
How the value compares with the world and the groups this territory belongs to: Iceland
| Year | % | Change, pp |
|---|---|---|
| 2023 | 23.16 | +1 pp |
| 2022 | 22.16 | +1.1 pp |
| 2021 | 21.06 | −0.93 pp |
| 2020 | 21.99 | +0.33 pp |
| 2019 | 21.66 | −0.95 pp |
| 2018 | 22.62 | −0.99 pp |
| 2017 | 23.61 | −13.49 pp |
| 2016 | 37.09 | +14.64 pp |
| 2015 | 22.45 | −1.79 pp |
| 2014 | 24.24 | +2.74 pp |
| 2013 | 21.5 | +0.27 pp |
| 2012 | 21.23 | +0.87 pp |
| 2011 | 20.35 | +0.37 pp |
| 2010 | 19.98 | +0.13 pp |
| 2009 | 19.85 | −2.74 pp |
| 2008 | 22.58 | −3.01 pp |
| 2007 | 25.59 | −0.99 pp |
| 2006 | 26.58 | −0.19 pp |
| 2005 | 26.78 | +2.26 pp |
| 2004 | 24.52 | +1.12 pp |
| 2003 | 23.4 | +1.04 pp |
| 2002 | 22.36 | −0.16 pp |
| 2001 | 22.52 | −2.27 pp |
| 2000 | 24.79 | −0.71 pp |
| 1999 | 25.5 | +1.92 pp |
| 1998 | 23.58 | +2.01 pp |
| 1997 | 21.58 | −1.08 pp |
| 1996 | 22.65 | +0.9 pp |
| 1995 | 21.75 | +0.25 pp |
| 1994 | 21.5 | −0.24 pp |
| 1993 | 21.75 | −0.63 pp |
| 1992 | 22.38 | +0.29 pp |
| 1991 | 22.08 | −0.63 pp |
| 1990 | 22.71 | +0.06 pp |
| 1989 | 22.65 | +1.1 pp |
| 1988 | 21.55 | +1.56 pp |
| 1987 | 19.99 | +0.38 pp |
| 1986 | 19.62 | +0.19 pp |
| 1985 | 19.43 | −0.81 pp |
| 1984 | 20.24 | +0.36 pp |
| 1983 | 19.88 | −2.3 pp |
| 1982 | 22.18 | +0.39 pp |
| 1981 | 21.79 | +1.29 pp |
| 1980 | 20.5 | −0.66 pp |
| 1979 | 21.16 | +0.72 pp |
| 1978 | 20.43 | +0.39 pp |
| 1977 | 20.05 | −0.99 pp |
| 1976 | 21.03 | −1.07 pp |
| 1975 | 22.11 | −0.86 pp |
| 1974 | 22.97 | +0.87 pp |
| 1973 | 22.1 | +0.05 pp |
| 1972 | 22.05 | — |
The same indicator for neighboring countries — with links to their pages
Central government tax revenue as a percent of GDP, excluding compulsory social contributions and revenue from fines and penalties. A level of 15% of GDP is considered the minimum threshold at which a state is able to provide basic services and infrastructure.
Important: Only the central budget is counted — in federal states the overall tax burden is substantially higher.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much the state collects in a year — all revenue except foreign grants.
Public Finance Government expenseHow much the state spends in a year — including wages, pensions, benefits and interest on debt.
Economy Government consumption (% of GDP)The share of GDP taken by government final consumption spending.
Public Finance Government debtGross general government debt as a percent of GDP.
