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% |
Iceland compared with similar countries
- Iceland's 43.43 Percentage of GDP is above the median for high income countries, which is 42.99 Percentage of GDP, 1.0× the median. (33 countries reporting)
- Iceland's 43.43 Percentage of GDP is below the median for Europe & Central Asia, which is 43.55 Percentage of GDP, 100% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Subnational government revenue 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 | +36.5% | 42.9 Percentage of GDP | 58.55 Percentage of GDP |
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
- Democracy, 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 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.
Download this data
CSV · JSON — 25 observations, free to reuse under OECD Terms and Conditions (attribution required).
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.