Geostarna

Government Finance of Iceland

Loading...

Categories

Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

36.9% 8.7% 8.1% 33.8%
  • Personal income taxes: 36.9%
  • Corporate income taxes: 8.7%
  • Social security contributions: 8.1%
  • Payroll taxes: 0.7%
  • Property taxes: 6.3%
  • Goods and services taxes: 33.8%
  • Other taxes: 1.0%
Show table
Personal income taxes
36.9%
Corporate income taxes
8.7%
Social security contributions
8.1%
Payroll taxes
0.7%
Property taxes
6.3%
Goods and services taxes
33.8%
Other taxes
1.0%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 53.6% #90 / 184 2026
Government Gross Debt (Local currency - ISK) 2.88T - 2026
Government Net Debt (% of GDP) 44% #45 / 86 2026
Government Net Debt (Local currency - ISK) 2.37T - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -1.1% #46 / 189 2026
Fiscal Balance (Local currency - ISK) -61B - 2026
Primary Fiscal Balance (% of GDP) 1.3% #34 / 182 2026
Primary Fiscal Balance (Local currency - ISK) 68.8B - 2026

Revenue and Spending

Government Revenue (% of GDP) 43.1% #30 / 189 2026
Government Revenue (Local currency - ISK) 2.31T - 2026
Government Spending (% of GDP) 44.2% #39 / 189 2026
Government Spending (Local currency - ISK) 2.38T - 2026

International Reserves

Total Reserves (USD) 6.4B #86 / 163 2024

© 2026 Geostarna