Taxes on goods and services (current LCU), gaps filled in Iceland
Iceland: Taxes on goods and services (current LCU), gaps filled was 486.56 billion current LCU in 2023. ◆ Volatile
Taxes on goods and services (current LCU), gaps filled in Iceland, 1972–2023
Source: Statizoid (derived). Measured in current LCU.
Analysis
Iceland recorded 486.56 billion current LCU for taxes on goods and services (current lcu), gaps filled in 2023. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 13.1% on the previous year and up 118.3% over ten years.
Over the whole period, taxes on goods and services (current lcu), gaps filled in Iceland peaked at 486.56 billion current LCU in 2023 and was at its lowest, 69.20 million current LCU, in 1972.
Iceland ranks 50th of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), gaps filled in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 69.20 million current LCU | — |
| 1973 | 95.40 million current LCU | +37.9% |
| 1974 | 173.80 million current LCU | +82.2% |
| 1975 | 280.90 million current LCU | +61.6% |
| 1976 | 382.80 million current LCU | +36.3% |
| 1977 | 528.60 million current LCU | +38.1% |
| 1978 | 795.90 million current LCU | +50.6% |
| 1979 | 1.18 billion current LCU | +48.4% |
| 1980 | 1.99 billion current LCU | +68.3% |
| 1981 | 3.27 billion current LCU | +64.4% |
| 1982 | 5.26 billion current LCU | +61.1% |
| 1983 | 8.40 billion current LCU | +59.6% |
| 1984 | 11.60 billion current LCU | +38.1% |
| 1985 | 16.04 billion current LCU | +38.3% |
| 1986 | 21.16 billion current LCU | +31.9% |
| 1987 | 28.74 billion current LCU | +35.8% |
| 1988 | 38.55 billion current LCU | +34.1% |
| 1989 | 45.90 billion current LCU | +19.1% |
| 1990 | 50.41 billion current LCU | +9.8% |
| 1991 | 53.55 billion current LCU | +6.2% |
| 1992 | 55.08 billion current LCU | +2.9% |
| 1993 | 58.98 billion current LCU | +7.1% |
| 1994 | 65.42 billion current LCU | +10.9% |
| 1995 | 67.51 billion current LCU | +3.2% |
| 1996 | 74.26 billion current LCU | +10.0% |
| 1997 | 78.79 billion current LCU | +6.1% |
| 1998 | 95.36 billion current LCU | +21.0% |
| 1999 | 107.81 billion current LCU | +13.1% |
| 2000 | 110.56 billion current LCU | +2.6% |
| 2001 | 107.40 billion current LCU | -2.9% |
| 2002 | 115.45 billion current LCU | +7.5% |
| 2003 | 125.53 billion current LCU | +8.7% |
| 2004 | 147.63 billion current LCU | +17.6% |
| 2005 | 173.83 billion current LCU | +17.7% |
| 2006 | 193.45 billion current LCU | +11.3% |
| 2007 | 205.51 billion current LCU | +6.2% |
| 2008 | 192.84 billion current LCU | -6.2% |
| 2009 | 175.55 billion current LCU | -9.0% |
| 2010 | 185.36 billion current LCU | +5.6% |
| 2011 | 197.00 billion current LCU | +6.3% |
| 2012 | 213.58 billion current LCU | +8.4% |
| 2013 | 222.84 billion current LCU | +4.3% |
| 2014 | 235.89 billion current LCU | +5.9% |
| 2015 | 259.33 billion current LCU | +9.9% |
| 2016 | 287.40 billion current LCU | +10.8% |
| 2017 | 322.96 billion current LCU | +12.4% |
| 2018 | 337.33 billion current LCU | +4.4% |
| 2019 | 337.64 billion current LCU | +0.1% |
| 2020 | 327.19 billion current LCU | -3.1% |
| 2021 | 369.51 billion current LCU | +12.9% |
| 2022 | 430.15 billion current LCU | +16.4% |
| 2023 | 486.56 billion current LCU | +13.1% |
Iceland compared with similar countries
- Iceland's 486.56 billion current LCU is above the median for high income countries, which is 39.13 billion current LCU, 12.4× the median. (57 countries reporting)
- Iceland's 486.56 billion current LCU is above the median for Europe & Central Asia, which is 85.71 billion current LCU, 5.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), gaps filled 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 |
|---|---|---|---|
| 1974 | +82.2% | 95.40 million current LCU | 173.80 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 438.43 million current LCU | 69.20 million current LCU | 1.18 billion current LCU | 8 |
| 1980s | 18.09 billion current LCU | 1.99 billion current LCU | 45.90 billion current LCU | 10 |
| 1990s | 70.72 billion current LCU | 50.41 billion current LCU | 107.81 billion current LCU | 10 |
| 2000s | 154.77 billion current LCU | 107.40 billion current LCU | 205.51 billion current LCU | 10 |
| 2010s | 259.93 billion current LCU | 185.36 billion current LCU | 337.64 billion current LCU | 10 |
| 2020s | 403.35 billion current LCU | 327.19 billion current LCU | 486.56 billion current LCU | 4 |
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)
- 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)
- 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 taxes on goods and services (current lcu), gaps filled in Iceland?
- Taxes on goods and services (current lcu), gaps filled in Iceland was 486.56 billion current LCU in 2023, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), gaps filled recorded in Iceland?
- The highest recorded value was 486.56 billion current LCU in 2023.
- What is the lowest taxes on goods and services (current lcu), gaps filled recorded in Iceland?
- The lowest recorded value was 69.20 million current LCU in 1972.
- How does Iceland rank for taxes on goods and services (current lcu), gaps filled?
- Iceland ranks 50th out of 157 countries with data for 2023.
- Is taxes on goods and services (current lcu), gaps filled rising or falling in Iceland?
- Over the last ten years it is up 118.3%. 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 Taxes on goods and services (current LCU), gaps filled. 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
Taxes on goods and services (current LCU) with 50 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
Computed from
- Taxes on goods and services 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
Taxes on goods and services (current LCU) with 50 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.