Taxes on property, Ratio of this level of government's revenue from in Iceland
Iceland: Taxes on property, Ratio of this level of government's revenue from was 0.1588 in 2020. ◆ Volatile
Taxes on property, Ratio of this level of government's revenue from in Iceland, 1998–2020
Source: International Monetary Fund.
Analysis
The most recent figure for taxes on property, ratio of this level of government's revenue from in Iceland is 0.1588, measured in 2020.
The figure is up 52.3% on the previous year and down 19.8% over ten years.
Over the whole period, taxes on property, ratio of this level of government's revenue from in Iceland peaked at 0.9101 in 2016 and was at its lowest, 0.0649, in 2008.
That places Iceland 27th out of 78 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on property, Ratio of this level of government's revenue from in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 0.3426 | — |
| 1999 | 0.3486 | +1.8% |
| 2000 | 0.3447 | -1.1% |
| 2001 | 0.3857 | +11.9% |
| 2002 | 0.4121 | +6.9% |
| 2003 | 0.2759 | -33.1% |
| 2004 | 0.2578 | -6.6% |
| 2005 | 0.2345 | -9.1% |
| 2006 | 0.0871 | -62.9% |
| 2007 | 0.1073 | +23.2% |
| 2008 | 0.0649 | -39.5% |
| 2009 | 0.0799 | +23.0% |
| 2010 | 0.1979 | +147.6% |
| 2011 | 0.2246 | +13.5% |
| 2012 | 0.2928 | +30.4% |
| 2013 | 0.2828 | -3.4% |
| 2014 | 0.3027 | +7.1% |
| 2015 | 0.1139 | -62.4% |
| 2016 | 0.9101 | +699.3% |
| 2017 | 0.1256 | -86.2% |
| 2018 | 0.1072 | -14.7% |
| 2019 | 0.1042 | -2.8% |
| 2020 | 0.1588 | +52.3% |
Iceland compared with similar countries
- Iceland's 0.1588 is above the median for high income countries, which is 0.0531, 3.0× the median. (42 countries reporting)
- Iceland's 0.1588 is above the median for Europe & Central Asia, which is 0.0349, 4.6× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Taxes on property, Ratio of this level of government's revenue from 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 |
|---|---|---|---|
| 2016 | +699.3% | 0.1139 | 0.9101 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3456 | 0.3426 | 0.3486 | 2 |
| 2000s | 0.225 | 0.0649 | 0.4121 | 10 |
| 2010s | 0.2662 | 0.1042 | 0.9101 | 10 |
| 2020s | 0.1588 | 0.1588 | 0.1588 | 1 |
Countries ranked near Iceland
More public sector data for Iceland
- Democracy, 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)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
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- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
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Frequently asked questions
- What is taxes on property, ratio of this level of government's revenue from in Iceland?
- Taxes on property, ratio of this level of government's revenue from in Iceland was 0.1588 in 2020, according to International Monetary Fund.
- What is the highest taxes on property, ratio of this level of government's revenue from recorded in Iceland?
- The highest recorded value was 0.9101 in 2016.
- What is the lowest taxes on property, ratio of this level of government's revenue from recorded in Iceland?
- The lowest recorded value was 0.0649 in 2008.
- How does Iceland rank for taxes on property, ratio of this level of government's revenue from?
- Iceland ranks 27th out of 78 countries with data for 2020.
- Is taxes on property, ratio of this level of government's revenue from rising or falling in Iceland?
- Over the last ten years it is down 19.8%. 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 property, 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.