Iceland - Taxes on goods and services
Taxes on goods and services (current LCU)
The value for Taxes on goods and services (current LCU) in Iceland was 337,641,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 337,641,000,000 in 2019 and a minimum value of 69,200,000 in 1972.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 69,200,000 |
| 1973 | 95,400,000 |
| 1974 | 173,800,000 |
| 1975 | 280,900,000 |
| 1976 | 382,800,000 |
| 1977 | 528,600,000 |
| 1978 | 795,900,000 |
| 1979 | 1,180,800,000 |
| 1980 | 1,986,700,000 |
| 1981 | 3,265,500,000 |
| 1982 | 5,259,900,000 |
| 1983 | 8,396,400,000 |
| 1984 | 11,599,100,000 |
| 1985 | 16,039,500,000 |
| 1986 | 21,163,300,000 |
| 1987 | 28,743,800,000 |
| 1988 | 38,547,900,000 |
| 1989 | 45,897,700,000 |
| 1990 | 50,409,700,000 |
| 1991 | 53,545,600,000 |
| 1992 | 55,083,100,000 |
| 1993 | 58,980,200,000 |
| 1994 | 65,424,400,000 |
| 1995 | 67,508,000,000 |
| 1996 | 74,255,800,000 |
| 1997 | 78,787,500,000 |
| 1998 | 95,357,400,000 |
| 1999 | 107,811,000,000 |
| 2000 | 110,561,000,000 |
| 2001 | 107,397,000,000 |
| 2002 | 115,452,000,000 |
| 2003 | 125,534,000,000 |
| 2004 | 147,629,000,000 |
| 2005 | 173,827,000,000 |
| 2006 | 193,448,000,000 |
| 2007 | 205,506,000,000 |
| 2008 | 192,843,000,000 |
| 2009 | 175,552,000,000 |
| 2010 | 185,358,000,000 |
| 2011 | 197,005,000,000 |
| 2012 | 213,576,000,000 |
| 2013 | 222,836,000,000 |
| 2014 | 235,894,000,000 |
| 2015 | 259,334,000,000 |
| 2016 | 287,405,000,000 |
| 2017 | 322,961,000,000 |
| 2018 | 337,326,000,000 |
| 2019 | 337,641,000,000 |
Taxes on goods and services (% of revenue)
Taxes on goods and services (% of revenue) in Iceland was 36.41 as of 2019. Its highest value over the past 47 years was 52.94 in 1988, while its lowest value was 23.75 in 2016.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1972 | 35.76 |
| 1973 | 33.42 |
| 1974 | 41.84 |
| 1975 | 48.51 |
| 1976 | 50.20 |
| 1977 | 49.51 |
| 1978 | 46.36 |
| 1979 | 44.96 |
| 1980 | 48.59 |
| 1981 | 49.30 |
| 1982 | 48.87 |
| 1983 | 48.00 |
| 1984 | 49.09 |
| 1985 | 51.36 |
| 1986 | 50.79 |
| 1987 | 52.18 |
| 1988 | 52.94 |
| 1989 | 48.64 |
| 1990 | 47.00 |
| 1991 | 45.93 |
| 1992 | 45.23 |
| 1993 | 48.29 |
| 1994 | 50.56 |
| 1995 | 49.97 |
| 1996 | 49.51 |
| 1997 | 51.17 |
| 1998 | 51.43 |
| 1999 | 50.38 |
| 2000 | 48.53 |
| 2001 | 44.41 |
| 2002 | 45.54 |
| 2003 | 46.73 |
| 2004 | 48.00 |
| 2005 | 42.31 |
| 2006 | 40.18 |
| 2007 | 38.71 |
| 2008 | 30.08 |
| 2009 | 31.19 |
| 2010 | 34.39 |
| 2011 | 33.43 |
| 2012 | 33.65 |
| 2013 | 33.38 |
| 2014 | 31.92 |
| 2015 | 34.46 |
| 2016 | 23.75 |
| 2017 | 35.97 |
| 2018 | 35.70 |
| 2019 | 36.41 |
Taxes on goods and services (% value added of industry and services)
Taxes on goods and services (% value added of industry and services) in Iceland was 12.92 as of 2019. Its highest value over the past 24 years was 21.14 in 1999, while its lowest value was 12.72 in 2009.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.
See also:
| Year | Value |
|---|---|
| 1995 | 20.02 |
| 1996 | 20.59 |
| 1997 | 18.72 |
| 1998 | 19.99 |
| 1999 | 21.14 |
| 2000 | 19.48 |
| 2001 | 16.43 |
| 2002 | 16.62 |
| 2003 | 17.53 |
| 2004 | 18.55 |
| 2005 | 20.13 |
| 2006 | 19.44 |
| 2007 | 17.88 |
| 2008 | 14.36 |
| 2009 | 12.72 |
| 2010 | 13.14 |
| 2011 | 13.37 |
| 2012 | 13.93 |
| 2013 | 13.46 |
| 2014 | 13.37 |
| 2015 | 13.26 |
| 2016 | 13.44 |
| 2017 | 14.36 |
| 2018 | 13.90 |
| 2019 | 12.92 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
