Taxes on income, profits, and capital gains … Transactions in Iceland
Iceland: Taxes on income, profits, and capital gains … Transactions was 920.16 billion in 2025. ◆ Volatile
Taxes on income, profits, and capital gains, Transactions in Iceland, 2002–2025
Source: International Monetary Fund.
Analysis
The most recent figure for taxes on income, profits, and capital gains, transactions in Iceland is 920.16 billion, measured in 2025. That is the highest value across all 24 years on record.
The figure is up 8.3% on the previous year and up 140.5% over ten years.
Over the whole period, taxes on income, profits, and capital gains, transactions in Iceland peaked at 920.16 billion in 2025 and was at its lowest, 124.76 billion, in 2002.
That places Iceland 9th out of 35 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits, and capital gains … Transactions in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 124.76 billion | — |
| 2003 | 134.55 billion | +7.8% |
| 2004 | 149.75 billion | +11.3% |
| 2005 | 180.17 billion | +20.3% |
| 2006 | 213.63 billion | +18.6% |
| 2007 | 241.38 billion | +13.0% |
| 2008 | 263.45 billion | +9.1% |
| 2009 | 239.89 billion | -8.9% |
| 2010 | 239.66 billion | -0.1% |
| 2011 | 266.82 billion | +11.3% |
| 2012 | 283.24 billion | +6.2% |
| 2013 | 317.65 billion | +12.1% |
| 2014 | 362.18 billion | +14.0% |
| 2015 | 382.59 billion | +5.6% |
| 2016 | 432.19 billion | +13.0% |
| 2017 | 485.65 billion | +12.4% |
| 2018 | 513.57 billion | +5.8% |
| 2019 | 531.62 billion | +3.5% |
| 2020 | 542.38 billion | +2.0% |
| 2021 | 572.48 billion | +5.5% |
| 2022 | 703.47 billion | +22.9% |
| 2023 | 812.22 billion | +15.5% |
| 2024 | 849.59 billion | +4.6% |
| 2025 | 920.16 billion | +8.3% |
Iceland compared with similar countries
- Iceland's 920.16 billion is above the median for high income countries, which is 146.16 billion, 6.3× the median. (32 countries reporting)
- Iceland's 920.16 billion is above the median for Europe & Central Asia, which is 120.45 billion, 7.6× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 193.45 billion | 124.76 billion | 263.45 billion | 8 |
| 2010s | 381.52 billion | 239.66 billion | 531.62 billion | 10 |
| 2020s | 733.38 billion | 542.38 billion | 920.16 billion | 6 |
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)
- 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 income, profits, and capital gains, transactions in Iceland?
- Taxes on income, profits, and capital gains, transactions in Iceland was 920.16 billion in 2025, according to International Monetary Fund.
- What is the highest taxes on income, profits, and capital gains, transactions recorded in Iceland?
- The highest recorded value was 920.16 billion in 2025.
- What is the lowest taxes on income, profits, and capital gains, transactions recorded in Iceland?
- The lowest recorded value was 124.76 billion in 2002.
- How does Iceland rank for taxes on income, profits, and capital gains, transactions?
- Iceland ranks 9th out of 35 countries with data for 2025.
- Is taxes on income, profits, and capital gains, transactions rising or falling in Iceland?
- Over the last ten years it is up 140.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Taxes on income, profits, and capital gains, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
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About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.