Subnational government revenue in Iceland
Iceland: Subnational government revenue was 43.43 Percentage of GDP in 2024. ▼ Falling
Subnational government revenue in Iceland, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Iceland recorded 43.43 Percentage of GDP for subnational government revenue in 2024.
Compared with earlier readings it is up 1.3% on the previous year and down 5.4% over ten years.
Over the whole period, subnational government revenue in Iceland peaked at 58.55 Percentage of GDP in 2016 and was at its lowest, 40.69 Percentage of GDP, in 2021.
Iceland ranks 15th of 36 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Subnational government revenue in Iceland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 45.74 Percentage of GDP | — |
| 2001 | 46.69 Percentage of GDP | +2.1% |
| 2002 | 42.79 Percentage of GDP | -8.4% |
| 2003 | 45.07 Percentage of GDP | +5.3% |
| 2004 | 46.56 Percentage of GDP | +3.3% |
| 2005 | 49.19 Percentage of GDP | +5.7% |
| 2006 | 50.76 Percentage of GDP | +3.2% |
| 2007 | 49.77 Percentage of GDP | -1.9% |
| 2008 | 50.83 Percentage of GDP | +2.1% |
| 2009 | 44.85 Percentage of GDP | -11.8% |
| 2010 | 41.68 Percentage of GDP | -7.1% |
| 2011 | 43.58 Percentage of GDP | +4.6% |
| 2012 | 44.62 Percentage of GDP | +2.4% |
| 2013 | 44.71 Percentage of GDP | +0.2% |
| 2014 | 45.93 Percentage of GDP | +2.7% |
| 2015 | 42.9 Percentage of GDP | -6.6% |
| 2016 | 58.55 Percentage of GDP | +36.5% |
| 2017 | 45.09 Percentage of GDP | -23.0% |
| 2018 | 44.4 Percentage of GDP | -1.5% |
| 2019 | 41.56 Percentage of GDP | -6.4% |
| 2020 | 41.61 Percentage of GDP | +0.1% |
| 2021 | 40.69 Percentage of GDP | -2.2% |
| 2022 | 42.34 Percentage of GDP | +4.0% |
| 2023 | 42.87 Percentage of GDP | +1.3% |
| 2024 | 43.43 Percentage of GDP | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.23 Percentage of GDP | 42.79 Percentage of GDP | 50.83 Percentage of GDP | 10 |
| 2010s | 45.3 Percentage of GDP | 41.56 Percentage of GDP | 58.55 Percentage of GDP | 10 |
| 2020s | 42.19 Percentage of GDP | 40.69 Percentage of GDP | 43.43 Percentage of GDP | 5 |
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 subnational government revenue in Iceland?
- Subnational government revenue in Iceland was 43.43 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government revenue recorded in Iceland?
- The highest recorded value was 58.55 Percentage of GDP in 2016.
- What is the lowest subnational government revenue recorded in Iceland?
- The lowest recorded value was 40.69 Percentage of GDP in 2021.
- How does Iceland rank for subnational government revenue?
- Iceland ranks 15th out of 36 countries with data for 2024.
- Is subnational government revenue rising or falling in Iceland?
- Over the last ten years it is down 5.4%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Subnational government revenue. Statizoid updates them automatically from the source API.
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About this data
This dataset includes subnational government revenue expressed in several units of measures: USD PPP, USD PPP per capita, percentage of GDP, and percentage of total public revenue. The Subnational Government Structure and Finance Dashboard compiles several datasets with comparable data on institutional organisation and public finance at subnational government level. It provides data for the time period 2000 - 2024 (based on data availability), for all 38 OECD member countries, and the average for the European Union. It includes data for the subnational government sector, for both state and local government levels for some federal countries. The data for the latest year available is also available in PDF format and via an Interactive dashboard.