Tax rate in Iceland
Iceland: Tax rate was 18.59 Rate in 2023. ▲ Rising
Latest (2023)
18.59 Rate
Change on year
down 2.9%
World rank
17th
of 34 countries
All-time high
21.29 Rate
in 2016
All-time low
14.81 Rate
in 2000
Years of data
24
2000–2023
Tax rate in Iceland, 2000–2023
Source: Eurostat. Measured in Rate.
Analysis
The most recent figure for tax rate in Iceland is 18.59 Rate, measured in 2023.
That represents a change of down 2.9% on the previous year and down 4.7% over ten years.
Over the whole period, tax rate in Iceland peaked at 21.29 Rate in 2016 and was at its lowest, 14.81 Rate, in 2000.
Iceland ranks 17th of 34 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.2 Rate | 14.81 Rate | 20.37 Rate | 10 |
| 2010s | 19.82 Rate | 16.68 Rate | 21.29 Rate | 10 |
| 2020s | 19.41 Rate | 18.59 Rate | 20.74 Rate | 4 |
Countries ranked near Iceland
More reference data data for Iceland
- Spring temperature anomalies -0.5453 °C (2026)
- Summer temperature anomalies 0.1076 °C (2026)
- Temperature anomalies by month -0.09 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.653 °C (2025)
- Winter temperature anomalies 3.5 °C (2025)
- Consumer price index 179.82 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is tax rate in Iceland?
- Tax rate in Iceland was 18.59 Rate in 2023, according to Eurostat.
- What is the highest tax rate recorded in Iceland?
- The highest recorded value was 21.29 Rate in 2016.
- What is the lowest tax rate recorded in Iceland?
- The lowest recorded value was 14.81 Rate in 2000.
- How does Iceland rank for tax rate?
- Iceland ranks 17th out of 34 countries with data for 2023.
- Is tax rate rising or falling in Iceland?
- Over the last ten years it is down 4.7%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Eurostat).