Proportion of domestic budget funded by domestic taxes in Iceland
Iceland: Proportion of domestic budget funded by domestic taxes was 73.2% in 2023. ▼ Falling
Proportion of domestic budget funded by domestic taxes in Iceland, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, proportion of domestic budget funded by domestic taxes in Iceland stood at 73.2%.
That represents a change of up 5.8% on the previous year and up 9.7% over ten years.
Over the whole period, proportion of domestic budget funded by domestic taxes in Iceland peaked at 100.8% in 2016 and was at its lowest, 49.9%, in 2008.
That places Iceland 32nd out of 182 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Proportion of domestic budget funded by domestic taxes in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 83.7% | — |
| 2001 | 76.2% | -8.9% |
| 2002 | 73.1% | -4.1% |
| 2003 | 73.6% | +0.6% |
| 2004 | 79.0% | +7.4% |
| 2005 | 80.5% | +1.9% |
| 2006 | 81.4% | +1.1% |
| 2007 | 79.4% | -2.4% |
| 2008 | 49.9% | -37.2% |
| 2009 | 53.0% | +6.3% |
| 2010 | 58.1% | +9.7% |
| 2011 | 58.1% | -0.1% |
| 2012 | 63.6% | +9.5% |
| 2013 | 66.8% | +5.0% |
| 2014 | 73.1% | +9.5% |
| 2015 | 72.7% | -0.5% |
| 2016 | 100.8% | +38.6% |
| 2017 | 75.8% | -24.8% |
| 2018 | 75.1% | -0.9% |
| 2019 | 72.9% | -2.9% |
| 2020 | 65.1% | -10.7% |
| 2021 | 64.2% | -1.3% |
| 2022 | 69.2% | +7.8% |
| 2023 | 73.2% | +5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 73.0% | 49.9% | 83.7% | 10 |
| 2010s | 71.7% | 58.1% | 100.8% | 10 |
| 2020s | 68.0% | 64.2% | 73.2% | 4 |
Countries ranked near Iceland
- 29 Australia 74.4% compare
- 30 Antigua and Barbuda 74.1% compare
- 31 Kazakhstan 73.4% compare
- 33 Bahamas 73.0% compare
- 34 United Arab Emirates 72.9% compare
- 35 Suriname 72.9% compare
More infrastructure data for Iceland
- Mobile cellular subscriptions 475,724 (2024)
- Mobile cellular subscriptions 120.93 per 100 people (2024)
- Fixed telephone subscriptions 68,518 (2024)
- Fixed telephone subscriptions 17.42 per 100 people (2024)
- Fixed telephone subscriptions, per capita 0.1773 units per person (2024)
- Fixed telephone subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Fixed telephone subscriptions, annual growth rate -16.94 % change on previous year (2024)
- Fixed telephone subscriptions, gaps filled 68,518 (2024)
- Mobile cellular subscriptions, per capita 1.23 units per person (2024)
- Mobile cellular subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is proportion of domestic budget funded by domestic taxes in Iceland?
- Proportion of domestic budget funded by domestic taxes in Iceland was 73.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest proportion of domestic budget funded by domestic taxes recorded in Iceland?
- The highest recorded value was 100.8% in 2016.
- What is the lowest proportion of domestic budget funded by domestic taxes recorded in Iceland?
- The lowest recorded value was 49.9% in 2008.
- How does Iceland rank for proportion of domestic budget funded by domestic taxes?
- Iceland ranks 32nd out of 182 countries with data for 2023.
- Is proportion of domestic budget funded by domestic taxes rising or falling in Iceland?
- Over the last ten years it is up 9.7%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Proportion of domestic budget funded by domestic taxes (%). Statizoid updates them automatically from the source API.
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