Year 2025Rank #20 GlobalPeak 37.09% (2016)Source World Bank
Iceland Tax Revenue (1972–2025)
Overview
Iceland's tax revenue stood at 23.29% in 2025, a rise of +0.11% from 2023. Based on recent trends, this figure is projected to reach 23.29% by 2025. Iceland ranked 20th globally.
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw tax revenue improve within 24 months. View full analysis →
Frequently Asked Questions
What is Iceland's tax revenue?▾
Iceland's tax revenue was 23.29% in 2025. Ranked 20th globally. This represents a 0.5% increase from the previous year.
What was the highest tax revenue in Iceland?▾
Iceland's tax revenue peaked at 37.09% in 2016.
What was the lowest tax revenue in Iceland?▾
The lowest tax revenue in Iceland was 19.43% in 1985.
How does Iceland rank in tax revenue?▾
Iceland ranks 20th globally in tax revenue as of 2025.
What is the World Bank indicator code for tax revenue?▾
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
What is the projected tax revenue of Iceland in 2025?▾
Iceland's tax revenue is projected to reach 23.29% by 2025 based on trend extrapolation.
What is the tax revenue of Iceland in 2025?▾
The tax revenue of Iceland in 2025 was 23.29%. This ranks 20th in the world.
Cite this page
APA
Iceland Tax Revenue. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/iceland/tax-revenue
BibTeX
@misc{historysaid_iceland_tax-revenue,
title = {Iceland Tax Revenue},
url = {https://historysaid.com/iceland/tax-revenue},
publisher = {HistorySaid},
year = {2026}
}