Tax revenue in Iceland
Central government tax revenue in Iceland was equal to 23.2% of GDP in 2023. The value for 2023 is the highest since 2017.
Iceland, 2023
23.2%
Change from 2022
+1.0percentage points
World, 2023
13.9%
Median of OECD (38 countries), 2023
21.4%
Tax revenue in Iceland over time
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Iceland
World
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The chart loads when you scroll to it. The table below shows the same data.
The chart shows a calculation from the published values. The table below keeps the published values.
% of GDP. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.
| Period | Iceland | World |
|---|---|---|
| 2024 | – | 13.9% |
| 2023 | 23.2% | 13.9% |
| 2022 | 22.2% | 14.5% |
| 2021 | 21.1% | 14.3% |
| 2020 | 22.0% | 13.7% |
| 2019 | 21.7% | 13.8% |
| 2018 | 22.6% | 13.9% |
| 2017 | 23.6% | 14.2% |
| 2016 | 37.1% | 13.9% |
| 2015 | 22.5% | 14.0% |
| 2014 | 24.2% | 14.0% |
| 2013 | 21.5% | 14.0% |
| 2012 | 21.2% | 13.8% |
| 2011 | 20.4% | 13.7% |
| 2010 | 20.0% | 13.3% |
| 2009 | 19.8% | 13.1% |
| 2008 | 22.6% | 14.3% |
| 2007 | 25.6% | 14.8% |
| 2006 | 26.6% | 14.5% |
| 2005 | 26.8% | 14.1% |
| 2004 | 24.5% | 14.5% |
| 2003 | 23.4% | 14.4% |
| 2002 | 22.4% | 14.6% |
| 2001 | 22.5% | – |
| 2000 | 24.8% | – |
A dash means no value was published for that period.
In short
- That is a change of +1.0 percentage points from 22.2% in 2022.
- Since 2013, when it was 21.5%, the figure has changed by +1.7 percentage points.
- The figure for the world in 2023 was 13.9%.
More for Iceland
All statistics for Iceland
Tax-to-GDP ratio
36.5%
2025 · Eurostat
Government spending
45.7%
2025 · Eurostat
Government spending on health
8.6%
2024 · Eurostat
Government spending on education
7.0%
2024 · Eurostat
Government spending on social protection
12.6%
2024 · Eurostat
Government spending on defence
0.2%
2024 · Eurostat