Taxes on exports (current LCU) in Iceland
Iceland: Taxes on exports (current LCU) was 1.64 million current LCU in 2010. ◆ Volatile
Taxes on exports in Iceland, 1972–2010
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2010, taxes on exports in Iceland stood at 1.64 million current LCU.
Compared with earlier readings it is down 69.7% on the previous year and down 86.3% over ten years.
Over the whole period, taxes on exports in Iceland peaked at 59.80 million current LCU in 1998 and was at its lowest, -53.50 million current LCU, in 1999.
That places Iceland 63rd out of 77 countries with data for 2010, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on exports (current LCU) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 100,000 current LCU | — |
| 1973 | 200,000 current LCU | +100.0% |
| 1974 | 200,000 current LCU | +0.0% |
| 1975 | 200,000 current LCU | +0.0% |
| 1976 | 600,000 current LCU | +200.0% |
| 1977 | 1.00 million current LCU | +66.7% |
| 1978 | 1.60 million current LCU | +60.0% |
| 1979 | 2.60 million current LCU | +62.5% |
| 1980 | 2.00 million current LCU | -23.1% |
| 1981 | 2.80 million current LCU | +40.0% |
| 1982 | 3.30 million current LCU | +17.9% |
| 1983 | 6.40 million current LCU | +93.9% |
| 1984 | 8.00 million current LCU | +25.0% |
| 1985 | 12.80 million current LCU | +60.0% |
| 1986 | 9.10 million current LCU | -28.9% |
| 1998 | 59.80 million current LCU | +557.1% |
| 1999 | -53.50 million current LCU | -189.5% |
| 2000 | 12.00 million current LCU | -122.4% |
| 2001 | 601,000 current LCU | -95.0% |
| 2002 | 636,220 current LCU | +5.9% |
| 2003 | 725,000 current LCU | +14.0% |
| 2006 | 3.07 million current LCU | +324.1% |
| 2008 | 6.26 million current LCU | +103.4% |
| 2009 | 5.41 million current LCU | -13.5% |
| 2010 | 1.64 million current LCU | -69.7% |
Iceland compared with similar countries
- Iceland's 1.64 million current LCU is below the median for high income countries, which is 1.85 million current LCU, 89% of the median. (17 countries reporting)
- Iceland's 1.64 million current LCU is below the median for Europe & Central Asia, which is 2.01 million current LCU, 82% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Taxes on exports (current LCU) 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 |
|---|---|---|---|
| 1998 | +557.1% | 9.10 million current LCU | 59.80 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 812,500 current LCU | 100,000 current LCU | 2.60 million current LCU | 8 |
| 1980s | 6.34 million current LCU | 2.00 million current LCU | 12.80 million current LCU | 7 |
| 1990s | 3.15 million current LCU | -53.50 million current LCU | 59.80 million current LCU | 2 |
| 2000s | 4.10 million current LCU | 601,000 current LCU | 12.00 million current LCU | 7 |
| 2010s | 1.64 million current LCU | 1.64 million current LCU | 1.64 million current LCU | 1 |
Countries ranked near Iceland
- 60 Azerbaijan 2.18 million current LCU compare
- 61 Vanuatu 1.98 million current LCU compare
- 62 Portugal 1.85 million current LCU compare
- 64 Saint Vincent and the Grenadines 1.30 million current LCU compare
- 65 Botswana 1.24 million current LCU compare
- 66 United Kingdom 1.00 million current LCU compare
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)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is taxes on exports in Iceland?
- Taxes on exports in Iceland was 1.64 million current LCU in 2010, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on exports recorded in Iceland?
- The highest recorded value was 59.80 million current LCU in 1998.
- What is the lowest taxes on exports recorded in Iceland?
- The lowest recorded value was -53.50 million current LCU in 1999.
- How does Iceland rank for taxes on exports?
- Iceland ranks 63rd out of 77 countries with data for 2010.
- Is taxes on exports rising or falling in Iceland?
- Over the last ten years it is down 86.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on exports (current LCU). Statizoid updates them automatically from the source API.
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About this data
Export taxes are taxes on goods or services that become payable to government when the goods leave the economic territory or when the services are delivered to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.