Tariff rates in Iceland
Iceland: Tariff rates was 1.63 in 2022. ▼ Falling
Latest (2022)
1.63
Change on year
up 7.9%
World rank
136th
of 184 countries
All-time high
4.72
in 2000
All-time low
1.42
in 2015
Years of data
24
1993–2022
Tariff rates in Iceland, 1993–2022
Source: Our World in Data.
Analysis
Iceland recorded 1.63 for tariff rates 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 rates in Iceland peaked at 4.72 in 2000 and was at its lowest, 1.42, in 2015.
That places Iceland 136th out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Tariff rates in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 3.41 | — |
| 1996 | 3.64 | +6.7% |
| 1998 | 4.51 | +23.9% |
| 1999 | 3.65 | -19.1% |
| 2000 | 4.72 | +29.3% |
| 2001 | 3.68 | -22.0% |
| 2003 | 4.31 | +17.1% |
| 2004 | 4.52 | +4.9% |
| 2005 | 4.24 | -6.2% |
| 2006 | 1.83 | -56.8% |
| 2007 | 1.9 | +3.8% |
| 2008 | 1.85 | -2.6% |
| 2009 | 1.65 | -10.8% |
| 2010 | 1.5 | -9.1% |
| 2011 | 1.58 | +5.3% |
| 2012 | 1.47 | -7.0% |
| 2013 | 1.66 | +12.9% |
| 2014 | 1.6 | -3.6% |
| 2015 | 1.42 | -11.3% |
| 2016 | 1.47 | +3.5% |
| 2017 | 1.57 | +6.8% |
| 2019 | 1.53 | -2.5% |
| 2021 | 1.51 | -1.3% |
| 2022 | 1.63 | +7.9% |
Iceland compared with similar countries
- Iceland's 1.63 is above the median for high income countries, which is 1.33, 1.2× the median. (64 countries reporting)
- Iceland's 1.63 is above the median for Europe & Central Asia, which is 1.33, 1.2× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.8 | 3.41 | 4.51 | 4 |
| 2000s | 3.19 | 1.65 | 4.72 | 9 |
| 2010s | 1.53 | 1.42 | 1.66 | 9 |
| 2020s | 1.57 | 1.51 | 1.63 | 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 rates in Iceland?
- Tariff rates in Iceland was 1.63 in 2022, according to Our World in Data.
- What is the highest tariff rates recorded in Iceland?
- The highest recorded value was 4.72 in 2000.
- What is the lowest tariff rates recorded in Iceland?
- The lowest recorded value was 1.42 in 2015.
- How does Iceland rank for tariff rates?
- Iceland ranks 136th out of 184 countries with data for 2022.
- Is tariff rates 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 Our World in Data, published as part of Tariff rates. 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).