Tax revenue (current LCU), per unit of GDP in Iceland
Iceland: Tax revenue (current LCU), per unit of GDP was 31.94 current LCU per US$ of GDP in 2023. ◆ Volatile
Tax revenue (current LCU), per unit of GDP in Iceland, 1972–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for tax revenue (current lcu), per unit of gdp in Iceland is 31.94 current LCU per US$ of GDP, measured in 2023.
The figure is up 6.6% on the previous year and up 21.6% over ten years.
Over the whole period, tax revenue (current lcu), per unit of gdp in Iceland peaked at 44.81 current LCU per US$ of GDP in 2016 and was at its lowest, 0.1946 current LCU per US$ of GDP, in 1972.
That places Iceland 40th out of 157 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (current LCU), per unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1972 | 0.1946 current LCU per US$ of GDP | — |
| 1973 | 0.1992 current LCU per US$ of GDP | +2.4% |
| 1974 | 0.2296 current LCU per US$ of GDP | +15.2% |
| 1975 | 0.3398 current LCU per US$ of GDP | +48.0% |
| 1976 | 0.3832 current LCU per US$ of GDP | +12.8% |
| 1977 | 0.3987 current LCU per US$ of GDP | +4.0% |
| 1978 | 0.554 current LCU per US$ of GDP | +39.0% |
| 1979 | 0.746 current LCU per US$ of GDP | +34.7% |
| 1980 | 0.9833 current LCU per US$ of GDP | +31.8% |
| 1981 | 1.57 current LCU per US$ of GDP | +60.1% |
| 1982 | 2.74 current LCU per US$ of GDP | +74.0% |
| 1983 | 4.94 current LCU per US$ of GDP | +80.3% |
| 1984 | 6.41 current LCU per US$ of GDP | +29.9% |
| 1985 | 8.06 current LCU per US$ of GDP | +25.7% |
| 1986 | 8.06 current LCU per US$ of GDP | +0.0% |
| 1987 | 7.73 current LCU per US$ of GDP | -4.1% |
| 1988 | 9.27 current LCU per US$ of GDP | +19.9% |
| 1989 | 12.92 current LCU per US$ of GDP | +39.4% |
| 1990 | 13.24 current LCU per US$ of GDP | +2.5% |
| 1991 | 13.03 current LCU per US$ of GDP | -1.6% |
| 1992 | 12.88 current LCU per US$ of GDP | -1.2% |
| 1993 | 14.7 current LCU per US$ of GDP | +14.2% |
| 1994 | 15.04 current LCU per US$ of GDP | +2.3% |
| 1995 | 14.07 current LCU per US$ of GDP | -6.4% |
| 1996 | 15.06 current LCU per US$ of GDP | +7.0% |
| 1997 | 15.3 current LCU per US$ of GDP | +1.6% |
| 1998 | 16.73 current LCU per US$ of GDP | +9.4% |
| 1999 | 18.45 current LCU per US$ of GDP | +10.2% |
| 2000 | 19.49 current LCU per US$ of GDP | +5.6% |
| 2001 | 21.94 current LCU per US$ of GDP | +12.6% |
| 2002 | 20.49 current LCU per US$ of GDP | -6.6% |
| 2003 | 17.95 current LCU per US$ of GDP | -12.4% |
| 2004 | 17.21 current LCU per US$ of GDP | -4.1% |
| 2005 | 16.86 current LCU per US$ of GDP | -2.0% |
| 2006 | 18.66 current LCU per US$ of GDP | +10.6% |
| 2007 | 16.39 current LCU per US$ of GDP | -12.1% |
| 2008 | 19.86 current LCU per US$ of GDP | +21.1% |
| 2009 | 24.54 current LCU per US$ of GDP | +23.6% |
| 2010 | 24.42 current LCU per US$ of GDP | -0.5% |
| 2011 | 23.6 current LCU per US$ of GDP | -3.4% |
| 2012 | 26.55 current LCU per US$ of GDP | +12.5% |
| 2013 | 26.27 current LCU per US$ of GDP | -1.1% |
| 2014 | 28.31 current LCU per US$ of GDP | +7.8% |
| 2015 | 29.62 current LCU per US$ of GDP | +4.6% |
| 2016 | 44.81 current LCU per US$ of GDP | +51.3% |
| 2017 | 25.22 current LCU per US$ of GDP | -43.7% |
| 2018 | 24.5 current LCU per US$ of GDP | -2.9% |
| 2019 | 26.56 current LCU per US$ of GDP | +8.4% |
| 2020 | 29.78 current LCU per US$ of GDP | +12.1% |
| 2021 | 26.74 current LCU per US$ of GDP | -10.2% |
| 2022 | 29.97 current LCU per US$ of GDP | +12.1% |
| 2023 | 31.94 current LCU per US$ of GDP | +6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3806 current LCU per US$ of GDP | 0.1946 current LCU per US$ of GDP | 0.746 current LCU per US$ of GDP | 8 |
| 1980s | 6.27 current LCU per US$ of GDP | 0.9833 current LCU per US$ of GDP | 12.92 current LCU per US$ of GDP | 10 |
| 1990s | 14.85 current LCU per US$ of GDP | 12.88 current LCU per US$ of GDP | 18.45 current LCU per US$ of GDP | 10 |
| 2000s | 19.34 current LCU per US$ of GDP | 16.39 current LCU per US$ of GDP | 24.54 current LCU per US$ of GDP | 10 |
| 2010s | 27.99 current LCU per US$ of GDP | 23.6 current LCU per US$ of GDP | 44.81 current LCU per US$ of GDP | 10 |
| 2020s | 29.61 current LCU per US$ of GDP | 26.74 current LCU per US$ of GDP | 31.94 current LCU per US$ of GDP | 4 |
Countries ranked near Iceland
- 37 Congo 36.09 current LCU per US$ of GDP compare
- 38 Jamaica 33.71 current LCU per US$ of GDP compare
- 39 Sri Lanka 32.36 current LCU per US$ of GDP compare
- 41 Serbia 26.68 current LCU per US$ of GDP compare
- 42 Niger 24.86 current LCU per US$ of GDP compare
- 43 Kenya 19.67 current LCU per US$ of GDP 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), per unit of gdp in Iceland?
- Tax revenue (current lcu), per unit of gdp in Iceland was 31.94 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest tax revenue (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 44.81 current LCU per US$ of GDP in 2016.
- What is the lowest tax revenue (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.1946 current LCU per US$ of GDP in 1972.
- How does Iceland rank for tax revenue (current lcu), per unit of gdp?
- Iceland ranks 40th out of 157 countries with data for 2023.
- Is tax revenue (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is up 21.6%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Tax revenue (current LCU) ÷ GDP (current US$)
Computed from
- Tax revenue Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.