Iceland - Tax revenue
Tax revenue (current LCU)
The value for Tax revenue (current LCU) in Iceland was 663,685,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 944,855,000,000 in 2016 and a minimum value of 169,100,000 in 1972.
Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 169,100,000 |
| 1973 | 238,000,000 |
| 1974 | 360,000,000 |
| 1975 | 494,800,000 |
| 1976 | 662,100,000 |
| 1977 | 911,300,000 |
| 1978 | 1,440,200,000 |
| 1979 | 2,203,200,000 |
| 1980 | 3,441,100,000 |
| 1981 | 5,690,700,000 |
| 1982 | 9,090,000,000 |
| 1983 | 14,136,700,000 |
| 1984 | 19,014,600,000 |
| 1985 | 24,901,600,000 |
| 1986 | 33,296,400,000 |
| 1987 | 44,183,500,000 |
| 1988 | 58,591,000,000 |
| 1989 | 75,851,000,000 |
| 1990 | 88,628,600,000 |
| 1991 | 93,175,900,000 |
| 1992 | 94,376,600,000 |
| 1993 | 94,615,800,000 |
| 1994 | 99,458,200,000 |
| 1995 | 103,751,000,000 |
| 1996 | 115,794,000,000 |
| 1997 | 118,062,000,000 |
| 1998 | 144,549,000,000 |
| 1999 | 168,020,000,000 |
| 2000 | 178,139,000,000 |
| 2001 | 182,631,000,000 |
| 2002 | 192,973,000,000 |
| 2003 | 207,585,000,000 |
| 2004 | 240,338,000,000 |
| 2005 | 289,165,000,000 |
| 2006 | 329,683,000,000 |
| 2007 | 360,032,000,000 |
| 2008 | 362,399,000,000 |
| 2009 | 324,197,000,000 |
| 2010 | 340,000,000,000 |
| 2011 | 363,277,000,000 |
| 2012 | 396,770,000,000 |
| 2013 | 426,670,000,000 |
| 2014 | 510,990,000,000 |
| 2015 | 524,319,000,000 |
| 2016 | 944,855,000,000 |
| 2017 | 632,042,000,000 |
| 2018 | 653,517,000,000 |
| 2019 | 663,685,000,000 |
Tax revenue (% of GDP)
Tax revenue (% of GDP) in Iceland was 21.78 as of 2019. Its highest value over the past 47 years was 37.61 in 2016, while its lowest value was 19.93 in 2009.
Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1972 | 22.82 |
| 1973 | 22.87 |
| 1974 | 23.77 |
| 1975 | 22.88 |
| 1976 | 21.77 |
| 1977 | 20.75 |
| 1978 | 21.15 |
| 1979 | 21.90 |
| 1980 | 21.21 |
| 1981 | 22.55 |
| 1982 | 22.95 |
| 1983 | 20.57 |
| 1984 | 20.94 |
| 1985 | 20.10 |
| 1986 | 20.30 |
| 1987 | 20.69 |
| 1988 | 22.31 |
| 1989 | 23.44 |
| 1990 | 23.51 |
| 1991 | 22.86 |
| 1992 | 23.16 |
| 1993 | 22.51 |
| 1994 | 22.25 |
| 1995 | 22.51 |
| 1996 | 23.45 |
| 1997 | 22.00 |
| 1998 | 23.96 |
| 1999 | 25.86 |
| 2000 | 25.11 |
| 2001 | 22.76 |
| 2002 | 22.59 |
| 2003 | 23.68 |
| 2004 | 24.77 |
| 2005 | 27.24 |
| 2006 | 26.90 |
| 2007 | 25.96 |
| 2008 | 22.80 |
| 2009 | 19.93 |
| 2010 | 20.23 |
| 2011 | 20.58 |
| 2012 | 21.50 |
| 2013 | 21.66 |
| 2014 | 24.49 |
| 2015 | 22.69 |
| 2016 | 37.61 |
| 2017 | 23.92 |
| 2018 | 22.97 |
| 2019 | 21.78 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
