Social contributions, Ratio of this level of government's revenue in Iceland
Iceland: Social contributions, Ratio of this level of government's revenue was 1 in 2020. ◆ Volatile
Social contributions, Ratio of this level of government's revenue in Iceland, 1990–2020
Source: International Monetary Fund.
Analysis
In 2020, social contributions, ratio of this level of government's revenue in Iceland stood at 1. That is the highest value across all 31 years on record.
That represents a change of unchanged over ten years.
Over the whole period, social contributions, ratio of this level of government's revenue in Iceland peaked at 1 in 1998 and was at its lowest, 0, in 1994.
That places Iceland 1st out of 77 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions, Ratio of this level of government's revenue in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.0021 | — |
| 1991 | 0.0004 | -81.9% |
| 1992 | 0.0002 | -55.9% |
| 1993 | 0.0001 | -57.1% |
| 1994 | 0 | -100.0% |
| 1995 | 0 | — |
| 1996 | 0 | — |
| 1997 | 0.0041 | — |
| 1998 | 1 | +24351.1% |
| 1999 | 1 | +0.0% |
| 2000 | 1 | +0.0% |
| 2001 | 1 | +0.0% |
| 2002 | 1 | +0.0% |
| 2003 | 1 | +0.0% |
| 2004 | 1 | +0.0% |
| 2005 | 1 | +0.0% |
| 2006 | 1 | +0.0% |
| 2007 | 1 | +0.0% |
| 2008 | 1 | +0.0% |
| 2009 | 1 | +0.0% |
| 2010 | 1 | +0.0% |
| 2011 | 1 | +0.0% |
| 2012 | 1 | +0.0% |
| 2013 | 1 | +0.0% |
| 2014 | 1 | +0.0% |
| 2015 | 1 | +0.0% |
| 2016 | 1 | +0.0% |
| 2017 | 1 | +0.0% |
| 2018 | 1 | +0.0% |
| 2019 | 1 | +0.0% |
| 2020 | 1 | +0.0% |
Iceland compared with similar countries
- Iceland's 1 is above the median for high income countries, which is 0.0767, 13.0× the median. (42 countries reporting)
- Iceland's 1 is above the median for Europe & Central Asia, which is 0.0392, 25.5× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2007 | 0 | 1 | 10 |
| 2000s | 1 | 1 | 1 | 10 |
| 2010s | 1 | 1 | 1 | 10 |
| 2020s | 1 | 1 | 1 | 1 |
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 social contributions, ratio of this level of government's revenue in Iceland?
- Social contributions, ratio of this level of government's revenue in Iceland was 1 in 2020, according to International Monetary Fund.
- What is the highest social contributions, ratio of this level of government's revenue recorded in Iceland?
- The highest recorded value was 1 in 1998.
- What is the lowest social contributions, ratio of this level of government's revenue recorded in Iceland?
- The lowest recorded value was 0 in 1994.
- How does Iceland rank for social contributions, ratio of this level of government's revenue?
- Iceland ranks 1st out of 77 countries with data for 2020.
- Is social contributions, ratio of this level of government's revenue rising or falling in Iceland?
- Over the last ten years it is unchanged. 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 Social contributions, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.