Energy taxes by paying sector in Iceland
Iceland: Energy taxes by paying sector was 18.2% in 2024. ◆ Volatile
Energy taxes by paying sector in Iceland, 1998–2024
Source: Eurostat. Measured in Percentage.
Analysis
Iceland recorded 18.2% for energy taxes by paying sector in 2024.
That represents a change of up 4.7% on the previous year and up 247.2% over ten years.
Over the whole period, energy taxes by paying sector in Iceland peaked at 21.6% in 2021 and was at its lowest, 1.4%, in 2007.
That places Iceland 1st out of 42 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Energy taxes by paying sector in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 1998 | 4.6% | — |
| 1999 | 4.3% | -6.3% |
| 2000 | 3.8% | -10.7% |
| 2001 | 4.2% | +10.2% |
| 2002 | 4.1% | -2.4% |
| 2003 | 4.0% | -3.9% |
| 2004 | 3.2% | -18.4% |
| 2005 | 2.2% | -32.4% |
| 2006 | 1.5% | -32.9% |
| 2007 | 1.4% | -4.1% |
| 2008 | 1.5% | +4.3% |
| 2009 | 1.4% | -4.1% |
| 2010 | 3.7% | +162.4% |
| 2011 | 3.9% | +5.1% |
| 2012 | 4.9% | +25.4% |
| 2013 | 5.6% | +15.0% |
| 2014 | 5.2% | -6.8% |
| 2015 | 5.3% | +1.9% |
| 2016 | 5.5% | +2.8% |
| 2017 | 5.1% | -6.4% |
| 2018 | 6.4% | +25.0% |
| 2019 | 5.5% | -13.6% |
| 2020 | 19.6% | +254.0% |
| 2021 | 21.6% | +9.9% |
| 2022 | 17.2% | -20.0% |
| 2023 | 17.3% | +0.6% |
| 2024 | 18.2% | +4.7% |
Iceland compared with similar countries
- Iceland's 18.2% is above the median for Europe & Central Asia, which is 2.6%, 7.0× the median. (31 countries reporting)
- Iceland's 18.2% is above the median for high income countries, which is 2.6%, 7.0× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Energy taxes by paying sector in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +254.0% | 5.5% | 19.6% |
| 2010 | +162.4% | 1.4% | 3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.4% | 4.3% | 4.6% | 2 |
| 2000s | 2.7% | 1.4% | 4.2% | 10 |
| 2010s | 5.1% | 3.7% | 6.4% | 10 |
| 2020s | 18.8% | 17.2% | 21.6% | 5 |
Countries ranked near Iceland
More energy & mining data for Iceland
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate -4.9 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0002 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 9.0% (2025)
Frequently asked questions
- What is energy taxes by paying sector in Iceland?
- Energy taxes by paying sector in Iceland was 18.2% in 2024, according to Eurostat.
- What is the highest energy taxes by paying sector recorded in Iceland?
- The highest recorded value was 21.6% in 2021.
- What is the lowest energy taxes by paying sector recorded in Iceland?
- The lowest recorded value was 1.4% in 2007.
- How does Iceland rank for energy taxes by paying sector?
- Iceland ranks 1st out of 42 countries with data for 2024.
- Is energy taxes by paying sector rising or falling in Iceland?
- Over the last ten years it is up 247.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Energy taxes by paying sector. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (Eurostat).