Tax revenue (current LCU), annual growth rate in Iceland
Iceland: Tax revenue (current LCU), annual growth rate was 15.8 % change on previous year in 2023. ◆ Volatile
Tax revenue (current LCU), annual growth rate in Iceland, 1973–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 15.8 % change on previous year for tax revenue (current lcu), annual growth rate in 2023.
The figure is down 35.9% on the previous year and up 109.7% over ten years.
Over the whole period, tax revenue (current lcu), annual growth rate in Iceland peaked at 80.21 % change on previous year in 2016 and was at its lowest, -33.11 % change on previous year, in 2017.
That places Iceland 47th out of 156 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (current LCU), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 40.75 % change on previous year | — |
| 1974 | 51.26 % change on previous year | +25.8% |
| 1975 | 37.44 % change on previous year | -27.0% |
| 1976 | 33.81 % change on previous year | -9.7% |
| 1977 | 37.64 % change on previous year | +11.3% |
| 1978 | 58.04 % change on previous year | +54.2% |
| 1979 | 52.98 % change on previous year | -8.7% |
| 1980 | 56.19 % change on previous year | +6.1% |
| 1981 | 65.37 % change on previous year | +16.4% |
| 1982 | 59.73 % change on previous year | -8.6% |
| 1983 | 55.52 % change on previous year | -7.1% |
| 1984 | 34.51 % change on previous year | -37.9% |
| 1985 | 30.96 % change on previous year | -10.3% |
| 1986 | 33.71 % change on previous year | +8.9% |
| 1987 | 32.7 % change on previous year | -3.0% |
| 1988 | 32.61 % change on previous year | -0.3% |
| 1989 | 29.46 % change on previous year | -9.7% |
| 1990 | 16.85 % change on previous year | -42.8% |
| 1991 | 5.13 % change on previous year | -69.5% |
| 1992 | 1.29 % change on previous year | -74.9% |
| 1993 | 0.2535 % change on previous year | -80.3% |
| 1994 | 5.12 % change on previous year | +1919.3% |
| 1995 | 4.32 % change on previous year | -15.7% |
| 1996 | 11.61 % change on previous year | +168.9% |
| 1997 | 1.96 % change on previous year | -83.1% |
| 1998 | 22.43 % change on previous year | +1045.4% |
| 1999 | 16.24 % change on previous year | -27.6% |
| 2000 | 6.02 % change on previous year | -62.9% |
| 2001 | 2.52 % change on previous year | -58.1% |
| 2002 | 5.66 % change on previous year | +124.6% |
| 2003 | 7.57 % change on previous year | +33.7% |
| 2004 | 15.78 % change on previous year | +108.4% |
| 2005 | 20.32 % change on previous year | +28.8% |
| 2006 | 14.01 % change on previous year | -31.0% |
| 2007 | 9.21 % change on previous year | -34.3% |
| 2008 | 0.6574 % change on previous year | -92.9% |
| 2009 | -10.54 % change on previous year | -1703.4% |
| 2010 | 4.87 % change on previous year | -146.2% |
| 2011 | 6.85 % change on previous year | +40.4% |
| 2012 | 9.22 % change on previous year | +34.7% |
| 2013 | 7.54 % change on previous year | -18.3% |
| 2014 | 19.76 % change on previous year | +162.2% |
| 2015 | 2.61 % change on previous year | -86.8% |
| 2016 | 80.21 % change on previous year | +2974.8% |
| 2017 | -33.11 % change on previous year | -141.3% |
| 2018 | 3.4 % change on previous year | -110.3% |
| 2019 | 1.56 % change on previous year | -54.2% |
| 2020 | -1.13 % change on previous year | -172.7% |
| 2021 | 6.91 % change on previous year | -710.7% |
| 2022 | 24.66 % change on previous year | +257.1% |
| 2023 | 15.8 % change on previous year | -35.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 44.56 % change on previous year | 33.81 % change on previous year | 58.04 % change on previous year | 7 |
| 1980s | 43.08 % change on previous year | 29.46 % change on previous year | 65.37 % change on previous year | 10 |
| 1990s | 8.52 % change on previous year | 0.2535 % change on previous year | 22.43 % change on previous year | 10 |
| 2000s | 7.12 % change on previous year | -10.54 % change on previous year | 20.32 % change on previous year | 10 |
| 2010s | 10.29 % change on previous year | -33.11 % change on previous year | 80.21 % change on previous year | 10 |
| 2020s | 11.56 % change on previous year | -1.13 % change on previous year | 24.66 % change on previous year | 4 |
Countries ranked near Iceland
- 44 Honduras 16.42 % change on previous year compare
- 45 Uzbekistan 16.35 % change on previous year compare
- 46 Burkina Faso 15.8 % change on previous year compare
- 48 Poland 15.78 % change on previous year compare
- 49 Australia 14.47 % change on previous year compare
- 50 Croatia 14.46 % change on previous year compare
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 tax revenue (current lcu), annual growth rate in Iceland?
- Tax revenue (current lcu), annual growth rate in Iceland was 15.8 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest tax revenue (current lcu), annual growth rate recorded in Iceland?
- The highest recorded value was 80.21 % change on previous year in 2016.
- What is the lowest tax revenue (current lcu), annual growth rate recorded in Iceland?
- The lowest recorded value was -33.11 % change on previous year in 2017.
- How does Iceland rank for tax revenue (current lcu), annual growth rate?
- Iceland ranks 47th out of 156 countries with data for 2023.
- Is tax revenue (current lcu), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 109.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Tax revenue (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Tax revenue (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Tax revenue Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Tax revenue (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.