Tax revenues vs income inequality in Iceland
Iceland: Tax revenues vs income inequality was 35.57 in 2023. ▲ Rising
Latest (2023)
35.57
Change on year
up 1.4%
World rank
20th
of 186 countries
All-time high
50.29
in 2016
All-time low
27.52
in 1985
Years of data
44
1980–2023
Tax revenues vs income inequality in Iceland, 1980–2023
Source: Our World in Data.
Analysis
The most recent figure for tax revenues vs income inequality in Iceland is 35.57, measured in 2023.
Compared with earlier readings it is up 1.4% on the previous year and up 3.7% over ten years.
Over the whole period, tax revenues vs income inequality in Iceland peaked at 50.29 in 2016 and was at its lowest, 27.52, in 1985.
That places Iceland 20th out of 186 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Tax revenues vs income inequality in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 28.72 | — |
| 1981 | 29.85 | +4.0% |
| 1982 | 30.14 | +1.0% |
| 1983 | 27.66 | -8.2% |
| 1984 | 28.87 | +4.4% |
| 1985 | 27.52 | -4.7% |
| 1986 | 27.79 | +1.0% |
| 1987 | 28.08 | +1.0% |
| 1988 | 30.63 | +9.1% |
| 1989 | 30.78 | +0.5% |
| 1990 | 30.32 | -1.5% |
| 1991 | 30.66 | +1.1% |
| 1992 | 31.56 | +2.9% |
| 1993 | 30.57 | -3.1% |
| 1994 | 30.13 | -1.4% |
| 1995 | 30.72 | +2.0% |
| 1996 | 31.89 | +3.8% |
| 1997 | 31.59 | -0.9% |
| 1998 | 33.63 | +6.4% |
| 1999 | 35.92 | +6.8% |
| 2000 | 35.88 | -0.1% |
| 2001 | 34.06 | -5.1% |
| 2002 | 33.77 | -0.9% |
| 2003 | 35.27 | +4.4% |
| 2004 | 36.33 | +3.0% |
| 2005 | 39.32 | +8.2% |
| 2006 | 39.55 | +0.6% |
| 2007 | 38.34 | -3.1% |
| 2008 | 34.2 | -10.8% |
| 2009 | 31.2 | -8.8% |
| 2010 | 32.14 | +3.0% |
| 2011 | 33.2 | +3.3% |
| 2012 | 33.95 | +2.3% |
| 2013 | 34.32 | +1.1% |
| 2014 | 37.11 | +8.1% |
| 2015 | 35.14 | -5.3% |
| 2016 | 50.29 | +43.1% |
| 2017 | 37.13 | -26.2% |
| 2018 | 36.46 | -1.8% |
| 2019 | 35.09 | -3.7% |
| 2020 | 36.22 | +3.2% |
| 2021 | 34.76 | -4.0% |
| 2022 | 35.08 | +0.9% |
| 2023 | 35.57 | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 29 | 27.52 | 30.78 | 10 |
| 1990s | 31.7 | 30.13 | 35.92 | 10 |
| 2000s | 35.79 | 31.2 | 39.55 | 10 |
| 2010s | 36.48 | 32.14 | 50.29 | 10 |
| 2020s | 35.41 | 34.76 | 36.22 | 4 |
Countries ranked near Iceland
More poverty & inequality data for Iceland
- Data deprivation poverty surveys per decade 4 (2025)
- Fertility rate vs the share living in extreme poverty 1.54 (2023)
- Cereal yield vs extreme poverty 2,430 (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2023)
- Cereal yield vs extreme poverty, annual growth rate -18.09 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 35.57 (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
- Tax revenues vs income inequality, annual growth rate 1.4 % change on previous year (2023)
- Gender inequality index from the human development report 0.024 (2023)
- Share of government consumption in gdp vs share in extreme poverty 24.83 (2023)
Frequently asked questions
- What is tax revenues vs income inequality in Iceland?
- Tax revenues vs income inequality in Iceland was 35.57 in 2023, according to Our World in Data.
- What is the highest tax revenues vs income inequality recorded in Iceland?
- The highest recorded value was 50.29 in 2016.
- What is the lowest tax revenues vs income inequality recorded in Iceland?
- The lowest recorded value was 27.52 in 1985.
- How does Iceland rank for tax revenues vs income inequality?
- Iceland ranks 20th out of 186 countries with data for 2023.
- Is tax revenues vs income inequality rising or falling in Iceland?
- Over the last ten years it is up 3.7%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Tax revenues vs income inequality. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (Our World in Data).