Paying taxes: Labor tax and contributions in Iceland
Iceland: Paying taxes: Labor tax and contributions was 20.6% in 2019. ▲ Rising
Paying taxes: Labor tax and contributions in Iceland, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
Iceland recorded 20.6% for paying taxes: labor tax and contributions in 2019. That is the highest value across all 15 years on record.
That represents a change of up 9.0% on the previous year and up 60.9% over ten years.
Over the whole period, paying taxes: labor tax and contributions in Iceland peaked at 20.6% in 2019 and was at its lowest, 12.8%, in 2009.
Iceland ranks 55th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Paying taxes: Labor tax and contributions in Iceland, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 13.6% | — |
| 2006 | 13.6% | +0.0% |
| 2007 | 13.4% | -1.5% |
| 2008 | 13.2% | -1.5% |
| 2009 | 12.8% | -3.0% |
| 2010 | 15.3% | +19.5% |
| 2011 | 19.6% | +28.1% |
| 2012 | 19.6% | +0.0% |
| 2013 | 18.6% | -5.1% |
| 2014 | 18.5% | -0.5% |
| 2015 | 18.3% | -1.1% |
| 2016 | 18.3% | +0.0% |
| 2017 | 18.1% | -1.1% |
| 2018 | 18.9% | +4.4% |
| 2019 | 20.6% | +9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.3% | 12.8% | 13.6% | 5 |
| 2010s | 18.6% | 15.3% | 20.6% | 10 |
Countries ranked near Iceland
- 53 Burkina Faso 21.4% compare
- 54 Australia 21.0% compare
- 56 Netherlands 20.5% compare
- 57 Madagascar 20.3% compare
- 58 India 20.2% compare
- 58 Serbia 20.2% compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is paying taxes: labor tax and contributions in Iceland?
- Paying taxes: labor tax and contributions in Iceland was 20.6% in 2019, according to the World Bank.
- What is the highest paying taxes: labor tax and contributions recorded in Iceland?
- The highest recorded value was 20.6% in 2019.
- What is the lowest paying taxes: labor tax and contributions recorded in Iceland?
- The lowest recorded value was 12.8% in 2009.
- How does Iceland rank for paying taxes: labor tax and contributions?
- Iceland ranks 55th out of 190 countries with data for 2019.
- Is paying taxes: labor tax and contributions rising or falling in Iceland?
- Over the last ten years it is up 60.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from the World Bank, published as part of Paying taxes: Labor tax and contributions (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.