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Taxes on international trade and transactions, Ratio of this level of in Iceland

Iceland: Taxes on international trade and transactions, Ratio of this level of was 1 in 2020. ▬ Flat

Latest (2020)
1
Change on year
unchanged
World rank
1st
of 74 countries
All-time high
1
in 1998
All-time low
1
in 1998
Years of data
23
1998–2020

Taxes on international trade and transactions, Ratio of this level of in Iceland, 1998–2020

00.20.40.60.811998200920201998: 11999: 12000: 12001: 12002: 12003: 12004: 12005: 12006: 12007: 12008: 12009: 12010: 12011: 12012: 12013: 12014: 12015: 12016: 12017: 12018: 12019: 12020: 1

Source: International Monetary Fund.

Analysis

In 2020, taxes on international trade and transactions, ratio of this level of in Iceland stood at 1. That is the highest value across all 23 years on record.

That represents a change of unchanged over ten years.

Over the whole period, taxes on international trade and transactions, ratio of this level of in Iceland peaked at 1 in 1998 and was at its lowest, 1, in 1998.

Iceland ranks 1st of 74 countries on this measure, in the top 10%.

Taxes on international trade and transactions, Ratio of this level of in Iceland, year by year

Year Value Change
1998 1 —
1999 1 +0.0%
2000 1 +0.0%
2001 1 +0.0%
2002 1 +0.0%
2003 1 +0.0%
2004 1 +0.0%
2005 1 +0.0%
2006 1 +0.0%
2007 1 +0.0%
2008 1 +0.0%
2009 1 +0.0%
2010 1 +0.0%
2011 1 +0.0%
2012 1 +0.0%
2013 1 +0.0%
2014 1 +0.0%
2015 1 +0.0%
2016 1 +0.0%
2017 1 +0.0%
2018 1 +0.0%
2019 1 +0.0%
2020 1 +0.0%

Iceland compared with similar countries

  • Iceland's 1 is above the median for high income countries, which is 1, 1.0× the median. (36 countries reporting)
  • Iceland's 1 is above the median for Europe & Central Asia, which is 1, 1.0× the median. (39 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 1 1 1 2
2000s 1 1 1 10
2010s 1 1 1 10
2020s 1 1 1 1

Countries ranked near Iceland

  1. 1 Afghanistan 1 compare
  2. 1 Albania 1 compare
  3. 1 Armenia 1 compare
  4. 1 Australia 1 compare
  5. 1 Austria 1 compare
  6. 1 Bulgaria 1 compare
  7. 1 Bosnia and Herzegovina 1 compare
  8. 1 Belarus 1 compare
  9. 1 Brazil 1 compare
  10. 1 Canada 1 compare
  11. 1 Switzerland 1 compare
  12. 1 Chile 1 compare
  13. 1 China 1 compare
  14. 1 Cape Verde 1 compare
  15. 1 Cyprus 1 compare
  16. 1 Czechia 1 compare
  17. 1 Denmark 1 compare
  18. 1 Estonia 1 compare
  19. 1 Finland 1 compare
  20. 1 United Kingdom 1 compare
  21. 1 Georgia 1 compare
  22. 1 Greece 1 compare
  23. 1 Honduras 1 compare
  24. 1 Croatia 1 compare
  25. 1 Hungary 1 compare
  26. 1 Indonesia 1 compare
  27. 1 Iran 1 compare
  28. 1 Israel 1 compare
  29. 1 Japan 1 compare
  30. 1 Kazakhstan 1 compare
  31. 1 Kenya 1 compare
  32. 1 Kyrgyzstan 1 compare
  33. 1 Kiribati 1 compare
  34. 1 South Korea 1 compare
  35. 1 Lithuania 1 compare
  36. 1 Latvia 1 compare
  37. 1 Moldova 1 compare
  38. 1 Mexico 1 compare
  39. 1 Marshall Islands 1 compare
  40. 1 North Macedonia 1 compare
  41. 1 Malta 1 compare
  42. 1 Myanmar 1 compare
  43. 1 Mongolia 1 compare
  44. 1 Mauritius 1 compare
  45. 1 Netherlands 1 compare
  46. 1 Norway 1 compare
  47. 1 Peru 1 compare
  48. 1 Palau 1 compare
  49. 1 Poland 1 compare
  50. 1 Portugal 1 compare
  51. 1 Paraguay 1 compare
  52. 1 Romania 1 compare
  53. 1 Russia 1 compare
  54. 1 Rwanda 1 compare
  55. 1 Senegal 1 compare
  56. 1 El Salvador 1 compare
  57. 1 Serbia 1 compare
  58. 1 Slovakia 1 compare
  59. 1 Slovenia 1 compare
  60. 1 Thailand 1 compare
  61. 1 Turkey 1 compare
  62. 1 Uganda 1 compare
  63. 1 Ukraine 1 compare
  64. 1 United States 1 compare
  65. 1 Uzbekistan 1 compare
  66. 1 South Africa 1 compare

See the full ranking of 74 places →

More trade data for Iceland

All data for Iceland →

Frequently asked questions

What is taxes on international trade and transactions, ratio of this level of in Iceland?
Taxes on international trade and transactions, ratio of this level of in Iceland was 1 in 2020, according to International Monetary Fund.
What is the highest taxes on international trade and transactions, ratio of this level of recorded in Iceland?
The highest recorded value was 1 in 1998.
What is the lowest taxes on international trade and transactions, ratio of this level of recorded in Iceland?
The lowest recorded value was 1 in 1998.
How does Iceland rank for taxes on international trade and transactions, ratio of this level of?
Iceland ranks 1st out of 74 countries with data for 2020.
Is taxes on international trade and transactions, ratio of this level of rising or falling in Iceland?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Iceland data come from?
The figures come from International Monetary Fund, published as part of Taxes on international trade and transactions, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.

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Taxes on international trade and transactions, Ratio of this level of in Iceland. Statizoid, drawing on International Monetary Fund. Retrieved 18 September 2026, from https://trade.statizoid.com/stat/taxes-on-international-trade-and-transactions-ratio-of-this-level-of-government-s-revenue/iceland/

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About this data

Indicator
Taxes on international trade and transactions, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
74 places, 1,251 data points, 1972–2020
Last refreshed

The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.