Taxes as a % of price: value added tax in Iceland
Iceland: Taxes as a % of price: value added tax was 19.4% in 2022. ▬ Flat
Latest (2022)
19.4%
Change on year
unchanged
World rank
10th
of 189 countries
All-time high
20.3%
in 2010
All-time low
19.4%
in 2016
Years of data
8
2008–2022
Taxes as a % of price: value added tax in Iceland, 2008–2022
Source: World Health Organization, Global Health Observatory.
Analysis
In 2022, taxes as a % of price: value added tax in Iceland stood at 19.4%. That is the lowest value across all 8 years on record.
That represents a change of down 4.8% over ten years.
Over the whole period, taxes as a % of price: value added tax in Iceland peaked at 20.3% in 2010 and was at its lowest, 19.4%, in 2016.
That places Iceland 10th out of 189 countries with data for 2022, putting it in the top 10%.
Taxes as a % of price: value added tax in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 19.7% | — |
| 2010 | 20.3% | +3.3% |
| 2012 | 20.3% | +0.0% |
| 2014 | 20.3% | +0.0% |
| 2016 | 19.4% | -4.8% |
| 2018 | 19.4% | +0.0% |
| 2020 | 19.4% | +0.0% |
| 2022 | 19.4% | +0.0% |
Iceland compared with similar countries
- Iceland's 19.4% is above the median for high income countries, which is 16.0%, 1.2× the median. (61 countries reporting)
- Iceland's 19.4% is above the median for Europe & Central Asia, which is 16.7%, 1.2× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.7% | 19.7% | 19.7% | 1 |
| 2010s | 19.9% | 19.4% | 20.3% | 5 |
| 2020s | 19.4% | 19.4% | 19.4% | 2 |
Countries ranked near Iceland
More health data for Iceland
- Un projection of annual infant deaths, annual growth rate -100 % change on previous year (2085)
- Heat deaths vs projected death rates, annual growth rate -0.4982 % change on previous year (2090)
- Estimated changes in temperature-related death rates compared to projected death rates 1,358 deaths per 1,000 people (2090)
- Number of infants who die before age 1 0 deaths (2100)
- Neonatal tetanus - number of reported cases, gaps filled 0 (2025)
- Population ages 00-04, female, annual growth rate 0.1533 % change on previous year (2025)
- Population ages 00-04, female, per unit of GDP 0 units per US$ of GDP (2025)
- Population ages 00-04, female, per capita 0.0283 units per person (2025)
- Population ages 00-04, male, annual growth rate 0.1097 % change on previous year (2025)
- Population ages 00-04, male, per unit of GDP 0 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes as a % of price: value added tax in Iceland?
- Taxes as a % of price: value added tax in Iceland was 19.4% in 2022, according to World Health Organization, Global Health Observatory.
- What is the highest taxes as a % of price: value added tax recorded in Iceland?
- The highest recorded value was 20.3% in 2010.
- What is the lowest taxes as a % of price: value added tax recorded in Iceland?
- The lowest recorded value was 19.4% in 2016.
- How does Iceland rank for taxes as a % of price: value added tax?
- Iceland ranks 10th out of 189 countries with data for 2022.
- Is taxes as a % of price: value added tax rising or falling in Iceland?
- Over the last ten years it is down 4.8%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from World Health Organization, Global Health Observatory, published as part of Taxes as a % of price: value added tax. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY-NC-SA 3.0 IGO (WHO).