Tariff rate across all products in Iceland
Iceland: Tariff rate across all products was 1.6% in 2022. ▼ Falling
Tariff rate across all products in Iceland, 1993–2022
Source: World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for tariff rate across all products in Iceland is 1.6%, measured in 2022.
Compared with earlier readings it is up 7.9% on the previous year and up 10.9% over ten years.
Over the whole period, tariff rate across all products in Iceland peaked at 4.7% in 2000 and was at its lowest, 1.4%, in 2015.
Iceland ranks 136th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Tariff rate across all products in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 3.4% | — |
| 1996 | 3.6% | +6.7% |
| 1998 | 4.5% | +23.9% |
| 1999 | 3.6% | -19.1% |
| 2000 | 4.7% | +29.3% |
| 2001 | 3.7% | -22.0% |
| 2003 | 4.3% | +17.1% |
| 2004 | 4.5% | +4.9% |
| 2005 | 4.2% | -6.2% |
| 2006 | 1.8% | -56.8% |
| 2007 | 1.9% | +3.8% |
| 2008 | 1.9% | -2.6% |
| 2009 | 1.6% | -10.8% |
| 2010 | 1.5% | -9.1% |
| 2011 | 1.6% | +5.3% |
| 2012 | 1.5% | -7.0% |
| 2013 | 1.7% | +12.9% |
| 2014 | 1.6% | -3.6% |
| 2015 | 1.4% | -11.3% |
| 2016 | 1.5% | +3.5% |
| 2017 | 1.6% | +6.8% |
| 2019 | 1.5% | -2.5% |
| 2021 | 1.5% | -1.3% |
| 2022 | 1.6% | +7.9% |
Iceland compared with similar countries
- Iceland's 1.6% is above the median for high income countries, which is 1.3%, 1.2× the median. (64 countries reporting)
- Iceland's 1.6% is above the median for Europe & Central Asia, which is 1.3%, 1.2× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.8% | 3.4% | 4.5% | 4 |
| 2000s | 3.2% | 1.6% | 4.7% | 9 |
| 2010s | 1.5% | 1.4% | 1.7% | 9 |
| 2020s | 1.6% | 1.5% | 1.6% | 2 |
Countries ranked near Iceland
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 tariff rate across all products in Iceland?
- Tariff rate across all products in Iceland was 1.6% in 2022, according to World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data.
- What is the highest tariff rate across all products recorded in Iceland?
- The highest recorded value was 4.7% in 2000.
- What is the lowest tariff rate across all products recorded in Iceland?
- The lowest recorded value was 1.4% in 2015.
- How does Iceland rank for tariff rate across all products?
- Iceland ranks 136th out of 184 countries with data for 2022.
- Is tariff rate across all products rising or falling in Iceland?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data, published as part of Tariff rate across all products. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country.