Taxes on goods and services (current LCU), per capita in Iceland
Iceland: Taxes on goods and services (current LCU), per capita was 1.26 million current LCU per person in 2023. ◆ Volatile
Taxes on goods and services (current LCU), per capita in Iceland, 1972–2023
Source: Statizoid (derived). Measured in current LCU per person.
Analysis
In 2023, taxes on goods and services (current lcu), per capita in Iceland stood at 1.26 million current LCU per person. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 12.0% on the previous year and up 83.3% over ten years.
Over the whole period, taxes on goods and services (current lcu), per capita in Iceland peaked at 1.26 million current LCU per person in 2023 and was at its lowest, 330.88 current LCU per person, in 1972.
Iceland ranks 9th of 157 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), per capita in Iceland, year by year
| Year | current LCU per person | Change |
|---|---|---|
| 1972 | 330.88 current LCU per person | — |
| 1973 | 449.33 current LCU per person | +35.8% |
| 1974 | 807.59 current LCU per person | +79.7% |
| 1975 | 1,289 current LCU per person | +59.6% |
| 1976 | 1,739 current LCU per person | +34.9% |
| 1977 | 2,383 current LCU per person | +37.1% |
| 1978 | 3,560 current LCU per person | +49.4% |
| 1979 | 5,231 current LCU per person | +46.9% |
| 1980 | 8,708 current LCU per person | +66.5% |
| 1981 | 14,151 current LCU per person | +62.5% |
| 1982 | 22,492 current LCU per person | +58.9% |
| 1983 | 35,431 current LCU per person | +57.5% |
| 1984 | 48,428 current LCU per person | +36.7% |
| 1985 | 66,442 current LCU per person | +37.2% |
| 1986 | 87,027 current LCU per person | +31.0% |
| 1987 | 116,912 current LCU per person | +34.3% |
| 1988 | 154,352 current LCU per person | +32.0% |
| 1989 | 181,520 current LCU per person | +17.6% |
| 1990 | 197,820 current LCU per person | +9.0% |
| 1991 | 207,705 current LCU per person | +5.0% |
| 1992 | 211,000 current LCU per person | +1.6% |
| 1993 | 223,643 current LCU per person | +6.0% |
| 1994 | 245,937 current LCU per person | +10.0% |
| 1995 | 252,397 current LCU per person | +2.6% |
| 1996 | 276,130 current LCU per person | +9.4% |
| 1997 | 290,592 current LCU per person | +5.2% |
| 1998 | 347,960 current LCU per person | +19.7% |
| 1999 | 388,675 current LCU per person | +11.7% |
| 2000 | 393,169 current LCU per person | +1.2% |
| 2001 | 376,874 current LCU per person | -4.1% |
| 2002 | 401,540 current LCU per person | +6.5% |
| 2003 | 433,592 current LCU per person | +8.0% |
| 2004 | 505,451 current LCU per person | +16.6% |
| 2005 | 585,801 current LCU per person | +15.9% |
| 2006 | 636,799 current LCU per person | +8.7% |
| 2007 | 659,591 current LCU per person | +3.6% |
| 2008 | 607,544 current LCU per person | -7.9% |
| 2009 | 551,185 current LCU per person | -9.3% |
| 2010 | 582,812 current LCU per person | +5.7% |
| 2011 | 617,543 current LCU per person | +6.0% |
| 2012 | 665,935 current LCU per person | +7.8% |
| 2013 | 688,267 current LCU per person | +3.4% |
| 2014 | 720,538 current LCU per person | +4.7% |
| 2015 | 783,925 current LCU per person | +8.8% |
| 2016 | 856,803 current LCU per person | +9.3% |
| 2017 | 940,480 current LCU per person | +9.8% |
| 2018 | 956,354 current LCU per person | +1.7% |
| 2019 | 936,427 current LCU per person | -2.1% |
| 2020 | 892,840 current LCU per person | -4.7% |
| 2021 | 991,925 current LCU per person | +11.1% |
| 2022 | 1.13 million current LCU per person | +13.5% |
| 2023 | 1.26 million current LCU per person | +12.0% |
Iceland compared with similar countries
- Iceland's 1.26 million current LCU per person is above the median for high income countries, which is 4,525 current LCU per person, 278.8× the median. (57 countries reporting)
- Iceland's 1.26 million current LCU per person is above the median for Europe & Central Asia, which is 5,464 current LCU per person, 230.9× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), per capita 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 | +79.7% | 449.33 current LCU per person | 807.59 current LCU per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,974 current LCU per person | 330.88 current LCU per person | 5,231 current LCU per person | 8 |
| 1980s | 73,546 current LCU per person | 8,708 current LCU per person | 181,520 current LCU per person | 10 |
| 1990s | 264,186 current LCU per person | 197,820 current LCU per person | 388,675 current LCU per person | 10 |
| 2000s | 515,155 current LCU per person | 376,874 current LCU per person | 659,591 current LCU per person | 10 |
| 2010s | 774,908 current LCU per person | 582,812 current LCU per person | 956,354 current LCU per person | 10 |
| 2020s | 1.07 million current LCU per person | 892,840 current LCU per person | 1.26 million current LCU per person | 4 |
Countries ranked near Iceland
- 6 South Korea 2.22 million current LCU per person compare
- 7 Mongolia 2.01 million current LCU per person compare
- 8 Chile 1.62 million current LCU per person compare
- 10 Hungary 1.25 million current LCU per person compare
- 11 Indonesia 1.05 million current LCU per person compare
- 12 Costa Rica 712,258 current LCU per person 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)
- 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 taxes on goods and services (current lcu), per capita in Iceland?
- Taxes on goods and services (current lcu), per capita in Iceland was 1.26 million current LCU per person in 2023, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per capita recorded in Iceland?
- The highest recorded value was 1.26 million current LCU per person in 2023.
- What is the lowest taxes on goods and services (current lcu), per capita recorded in Iceland?
- The lowest recorded value was 330.88 current LCU per person in 1972.
- How does Iceland rank for taxes on goods and services (current lcu), per capita?
- Iceland ranks 9th out of 157 countries with data for 2023.
- Is taxes on goods and services (current lcu), per capita rising or falling in Iceland?
- Over the last ten years it is up 83.3%. 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), per capita. 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) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ Population, total
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
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) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.