Taxes on payroll and workforce, Ratio of this level of government's in Iceland
Iceland: Taxes on payroll and workforce, Ratio of this level of government's was 1 in 2020. ▬ Flat
Taxes on payroll and workforce, Ratio of this level of government's in Iceland, 2001–2020
Source: International Monetary Fund.
Analysis
The most recent figure for taxes on payroll and workforce, ratio of this level of government's in Iceland is 1, measured in 2020. That is the highest value across all 20 years on record.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, taxes on payroll and workforce, ratio of this level of government's in Iceland peaked at 1 in 2001 and was at its lowest, 1, in 2001.
Iceland ranks 2nd of 37 countries on this measure, in the top 10%.
Taxes on payroll and workforce, Ratio of this level of government's in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 1 | — |
| 2002 | 1 | +0.0% |
| 2003 | 1 | +0.0% |
| 2004 | 1 | +0.0% |
| 2005 | 1 | +0.0% |
| 2006 | 1 | +0.0% |
| 2007 | 1 | +0.0% |
| 2008 | 1 | +0.0% |
| 2009 | 1 | +0.0% |
| 2010 | 1 | +0.0% |
| 2011 | 1 | +0.0% |
| 2012 | 1 | +0.0% |
| 2013 | 1 | +0.0% |
| 2014 | 1 | +0.0% |
| 2015 | 1 | +0.0% |
| 2016 | 1 | +0.0% |
| 2017 | 1 | +0.0% |
| 2018 | 1 | +0.0% |
| 2019 | 1 | +0.0% |
| 2020 | 1 | +0.0% |
Iceland compared with similar countries
- Iceland's 1 is above the median for Europe & Central Asia, which is 1, 1.0× the median. (23 countries reporting)
- Iceland's 1 is above the median for high income countries, which is 1, 1.0× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1 | 1 | 1 | 9 |
| 2010s | 1 | 1 | 1 | 10 |
| 2020s | 1 | 1 | 1 | 1 |
Countries ranked near Iceland
- 1 Colombia 1.22 compare
- 2 Belgium 1 compare
- 2 Bulgaria 1 compare
- 2 Brazil 1 compare
- 2 Denmark 1 compare
- 2 Finland 1 compare
- 2 United Kingdom of Great Britain and Northern Ireland 1 compare
- 2 Guatemala 1 compare
- 2 Ireland 1 compare
- 2 Israel 1 compare
- 2 Italy 1
- 2 Lithuania 1 compare
- 2 Latvia 1 compare
- 2 Marshall Islands 1 compare
- 2 Mauritius 1 compare
- 2 Netherlands 1 compare
- 2 Norway 1 compare
- 2 Peru 1 compare
- 2 Palau 1 compare
- 2 Poland 1 compare
- 2 Senegal 1 compare
- 2 Slovenia 1 compare
- 2 Sweden 1 compare
- 2 South Africa 1 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 taxes on payroll and workforce, ratio of this level of government's in Iceland?
- Taxes on payroll and workforce, ratio of this level of government's in Iceland was 1 in 2020, according to International Monetary Fund.
- What is the highest taxes on payroll and workforce, ratio of this level of government's recorded in Iceland?
- The highest recorded value was 1 in 2001.
- What is the lowest taxes on payroll and workforce, ratio of this level of government's recorded in Iceland?
- The lowest recorded value was 1 in 2001.
- How does Iceland rank for taxes on payroll and workforce, ratio of this level of government's?
- Iceland ranks 2nd out of 37 countries with data for 2020.
- Is taxes on payroll and workforce, ratio of this level of government's rising or falling in Iceland?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Taxes on payroll and workforce, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.