Other taxes in Iceland
Iceland: Other taxes was 42.16 billion current LCU in 2023. ◆ Volatile
Other taxes in Iceland, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Iceland recorded 42.16 billion current LCU for other taxes in 2023.
That represents a change of up 10.2% on the previous year and up 42.6% over ten years.
Over the whole period, other taxes in Iceland peaked at 411.54 billion current LCU in 2016 and was at its lowest, 10.40 million current LCU, in 1972.
Iceland ranks 35th of 149 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Other taxes in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 10.40 million current LCU | — |
| 1973 | 14.50 million current LCU | +39.4% |
| 1974 | 21.20 million current LCU | +46.2% |
| 1975 | 33.00 million current LCU | +55.7% |
| 1976 | 48.40 million current LCU | +46.7% |
| 1977 | 66.00 million current LCU | +36.4% |
| 1978 | 104.90 million current LCU | +58.9% |
| 1979 | 181.20 million current LCU | +72.7% |
| 1980 | 271.70 million current LCU | +49.9% |
| 1981 | 459.50 million current LCU | +69.1% |
| 1982 | 742.70 million current LCU | +61.6% |
| 1983 | 1.16 billion current LCU | +55.9% |
| 1984 | 1.48 billion current LCU | +28.1% |
| 1985 | 2.06 billion current LCU | +39.1% |
| 1986 | 2.67 billion current LCU | +29.6% |
| 1987 | 3.59 billion current LCU | +34.1% |
| 1988 | 4.37 billion current LCU | +21.8% |
| 1989 | 5.97 billion current LCU | +36.6% |
| 1990 | 7.53 billion current LCU | +26.1% |
| 1991 | 5.01 billion current LCU | -33.5% |
| 1992 | 4.47 billion current LCU | -10.8% |
| 1993 | 4.73 billion current LCU | +5.8% |
| 1994 | 4.48 billion current LCU | -5.3% |
| 1995 | 4.52 billion current LCU | +0.9% |
| 1996 | 4.69 billion current LCU | +3.9% |
| 1997 | 4.70 billion current LCU | +0.2% |
| 1998 | 5.40 billion current LCU | +15.0% |
| 1999 | 5.94 billion current LCU | +9.8% |
| 2000 | 7.21 billion current LCU | +21.5% |
| 2001 | 8.06 billion current LCU | +11.7% |
| 2002 | 8.53 billion current LCU | +5.8% |
| 2003 | 5.94 billion current LCU | -30.3% |
| 2004 | 6.07 billion current LCU | +2.2% |
| 2005 | 6.09 billion current LCU | +0.3% |
| 2006 | 3.51 billion current LCU | -42.5% |
| 2007 | 5.70 billion current LCU | +62.7% |
| 2008 | 6.17 billion current LCU | +8.2% |
| 2009 | 11.06 billion current LCU | +79.2% |
| 2010 | 15.82 billion current LCU | +43.1% |
| 2011 | 18.75 billion current LCU | +18.5% |
| 2012 | 27.39 billion current LCU | +46.1% |
| 2013 | 29.58 billion current LCU | +8.0% |
| 2014 | 64.78 billion current LCU | +119.0% |
| 2015 | 49.46 billion current LCU | -23.6% |
| 2016 | 411.54 billion current LCU | +732.1% |
| 2017 | 30.60 billion current LCU | -92.6% |
| 2018 | 31.12 billion current LCU | +1.7% |
| 2019 | 33.80 billion current LCU | +8.6% |
| 2020 | 38.93 billion current LCU | +15.2% |
| 2021 | 32.23 billion current LCU | -17.2% |
| 2022 | 38.27 billion current LCU | +18.7% |
| 2023 | 42.16 billion current LCU | +10.2% |
Iceland compared with similar countries
- Iceland's 42.16 billion current LCU is above the median for high income countries, which is 1.29 billion current LCU, 32.6× the median. (53 countries reporting)
- Iceland's 42.16 billion current LCU is above the median for Europe & Central Asia, which is 474.92 million current LCU, 88.8× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Other taxes in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | +732.1% | 49.46 billion current LCU | 411.54 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 59.95 million current LCU | 10.40 million current LCU | 181.20 million current LCU | 8 |
| 1980s | 2.28 billion current LCU | 271.70 million current LCU | 5.97 billion current LCU | 10 |
| 1990s | 5.15 billion current LCU | 4.47 billion current LCU | 7.53 billion current LCU | 10 |
| 2000s | 6.83 billion current LCU | 3.51 billion current LCU | 11.06 billion current LCU | 10 |
| 2010s | 71.28 billion current LCU | 15.82 billion current LCU | 411.54 billion current LCU | 10 |
| 2020s | 37.90 billion current LCU | 32.23 billion current LCU | 42.16 billion current LCU | 4 |
Countries ranked near Iceland
More public sector data for Iceland
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is other taxes in Iceland?
- Other taxes in Iceland was 42.16 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other taxes recorded in Iceland?
- The highest recorded value was 411.54 billion current LCU in 2016.
- What is the lowest other taxes recorded in Iceland?
- The lowest recorded value was 10.40 million current LCU in 1972.
- How does Iceland rank for other taxes?
- Iceland ranks 35th out of 149 countries with data for 2023.
- Is other taxes rising or falling in Iceland?
- Over the last ten years it is up 42.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Other taxes (current LCU). Statizoid updates them automatically from the source API.
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About this data
Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.