Environmental taxes, Taxes on energy (including fuel for transport) in Iceland
Iceland: Environmental taxes, Taxes on energy (including fuel for transport) was 36.08 billion in 2022. ◆ Volatile
Environmental taxes, Taxes on energy (including fuel for transport) in Iceland, 1995–2022
Source: International Monetary Fund.
Analysis
In 2022, environmental taxes, taxes on energy (including fuel for transport) in Iceland stood at 36.08 billion. That is the highest value across all 28 years on record.
That represents a change of up 35.3% on the previous year and up 51.7% over ten years.
Over the whole period, environmental taxes, taxes on energy (including fuel for transport) in Iceland peaked at 36.08 billion in 2022 and was at its lowest, 6.17 billion, in 1995.
That places Iceland 42nd out of 108 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Environmental taxes, Taxes on energy (including fuel for transport) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 6.17 billion | — |
| 1996 | 6.61 billion | +7.1% |
| 1997 | 6.70 billion | +1.3% |
| 1998 | 6.69 billion | -0.1% |
| 1999 | 7.16 billion | +7.0% |
| 2000 | 7.56 billion | +5.6% |
| 2001 | 7.43 billion | -1.7% |
| 2002 | 7.38 billion | -0.6% |
| 2003 | 7.46 billion | +1.1% |
| 2004 | 8.35 billion | +11.8% |
| 2005 | 10.40 billion | +24.6% |
| 2006 | 14.56 billion | +39.9% |
| 2007 | 15.39 billion | +5.7% |
| 2008 | 14.66 billion | -4.8% |
| 2009 | 17.19 billion | +17.3% |
| 2010 | 21.80 billion | +26.8% |
| 2011 | 22.12 billion | +1.5% |
| 2012 | 23.78 billion | +7.5% |
| 2013 | 24.16 billion | +1.6% |
| 2014 | 28.21 billion | +16.7% |
| 2015 | 29.51 billion | +4.6% |
| 2016 | 28.87 billion | -2.2% |
| 2017 | 31.92 billion | +10.6% |
| 2018 | 33.30 billion | +4.3% |
| 2019 | 32.87 billion | -1.3% |
| 2020 | 32.19 billion | -2.1% |
| 2021 | 26.66 billion | -17.2% |
| 2022 | 36.08 billion | +35.3% |
Iceland compared with similar countries
- Iceland's 36.08 billion is above the median for high income countries, which is 6.76 billion, 5.3× the median. (48 countries reporting)
- Iceland's 36.08 billion is above the median for Europe & Central Asia, which is 7.40 billion, 4.9× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.67 billion | 6.17 billion | 7.16 billion | 5 |
| 2000s | 11.04 billion | 7.38 billion | 17.19 billion | 10 |
| 2010s | 27.65 billion | 21.80 billion | 33.30 billion | 10 |
| 2020s | 31.64 billion | 26.66 billion | 36.08 billion | 3 |
Countries ranked near Iceland
More public sector data for Iceland
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
- Tax revenue 23.2% (2023)
- Capital stock, General government, Current prices, Domestic currency 1,595 (2019)
- Taxes on income, profits and capital gains 34.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 51.25 (2019)
- Capital stock, General government, Constant prices, Purchasing power 10.26 (2019)
- Taxes on goods and services 35.2% (2023)
Frequently asked questions
- What is environmental taxes, taxes on energy (including fuel for transport) in Iceland?
- Environmental taxes, taxes on energy (including fuel for transport) in Iceland was 36.08 billion in 2022, according to International Monetary Fund.
- What is the highest environmental taxes, taxes on energy (including fuel for transport) recorded in Iceland?
- The highest recorded value was 36.08 billion in 2022.
- What is the lowest environmental taxes, taxes on energy (including fuel for transport) recorded in Iceland?
- The lowest recorded value was 6.17 billion in 1995.
- How does Iceland rank for environmental taxes, taxes on energy (including fuel for transport)?
- Iceland ranks 42nd out of 108 countries with data for 2022.
- Is environmental taxes, taxes on energy (including fuel for transport) rising or falling in Iceland?
- Over the last ten years it is up 51.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Environmental taxes, Taxes on energy (including fuel for transport) (Domestic Currency). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
This dataset tracks government revenue from taxes imposed on activities that negatively impact the environment. These taxes are categorized into four types: energy taxes (including fuel for transport), transport taxes (excluding fuel for transport), pollution taxes, and resource taxes.