Tax rate in Iceland
Iceland: Tax rate was 18.59 in 2023. ▲ Rising
Latest (2023)
18.59
Change on year
down 2.9%
World rank
24th
of 44 countries
All-time high
21.29
in 2016
All-time low
14.81
in 2000
Years of data
24
2000–2023
Tax rate in Iceland, 2000–2023
Source: Eurostat.
Analysis
The most recent figure for tax rate in Iceland is 18.59, 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 in 2016 and was at its lowest, 14.81, in 2000.
Iceland ranks 24th of 44 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.
Tax rate in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 14.81 | — |
| 2001 | 15.62 | +5.5% |
| 2002 | 17.5 | +12.0% |
| 2003 | 18.18 | +3.9% |
| 2004 | 19.03 | +4.7% |
| 2005 | 20.1 | +5.6% |
| 2006 | 20.37 | +1.3% |
| 2007 | 19.37 | -4.9% |
| 2008 | 20.21 | +4.3% |
| 2009 | 16.77 | -17.0% |
| 2010 | 16.68 | -0.5% |
| 2011 | 18.16 | +8.9% |
| 2012 | 18.71 | +3.0% |
| 2013 | 19.5 | +4.2% |
| 2014 | 19.7 | +1.0% |
| 2015 | 20.58 | +4.5% |
| 2016 | 21.29 | +3.4% |
| 2017 | 21.16 | -0.6% |
| 2018 | 21.28 | +0.6% |
| 2019 | 21.15 | -0.6% |
| 2020 | 20.74 | -1.9% |
| 2021 | 19.16 | -7.6% |
| 2022 | 19.14 | -0.1% |
| 2023 | 18.59 | -2.9% |
Iceland compared with similar countries
- Iceland's 18.59 is above the median for Europe & Central Asia, which is 18.56, 1.0× the median. (30 countries reporting)
- Iceland's 18.59 is above the median for high income countries, which is 18.59, 1.0× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.2 | 14.81 | 20.37 | 10 |
| 2010s | 19.82 | 16.68 | 21.29 | 10 |
| 2020s | 19.41 | 18.59 | 20.74 | 4 |
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 tax rate in Iceland?
- Tax rate in Iceland was 18.59 in 2023, according to Eurostat.
- What is the highest tax rate recorded in Iceland?
- The highest recorded value was 21.29 in 2016.
- What is the lowest tax rate recorded in Iceland?
- The lowest recorded value was 14.81 in 2000.
- How does Iceland rank for tax rate?
- Iceland ranks 24th out of 44 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).