OECD Revenue Statistics - Comparative tables
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In 2016, Iceland received revenues from one-off stability contributions from entities that previously operated as commercial or savings banks and were concluding operations. The stability contributions aimed to liberalise the capital controls that were imposed following the 2007-08 crisis, while preserving Iceland’s economic stability. The revenue from these contributions led to unusually high tax revenues for a single year.

The one-off stability contributions raised nearly ISK 385 000 million, equivalent to 15.7% of Iceland’s GDP in 2016. Iceland’s tax-to-GDP ratio rose from 36.3% in 2015 to 51.6% in 2016, before dropping 13.9 percentage points to 37.7% in 2017 (provisional). Due to the exceptional nature of the stability contributions, they are not representative of trends in tax levels across OECD countries and have been excluded from the calculation of the OECD average in 2016.

OECD Revenue Statistics - Comparative tablesOther manipulations

In 2016, Iceland received revenues from one-off stability contributions from entities that previously operated as commercial or savings banks and were concluding operations. The stability contributions aimed to liberalise the capital controls that were imposed following the 2007-08 crisis, while preserving Iceland’s economic stability. The revenue from these contributions led to unusually high tax revenues for a single year.

The one-off stability contributions raised nearly ISK 385 000 million, equivalent to 15.7% of Iceland’s GDP in 2016. Iceland’s tax-to-GDP ratio rose from 36.3% in 2015 to 51.6% in 2016, before dropping 13.9 percentage points to 37.7% in 2017 (provisional). Due to the exceptional nature of the stability contributions, they are not representative of trends in tax levels across OECD countries and have been excluded from the calculation of the OECD average in 2016.

OECD - Average: Tax revenue as % of total taxation
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OECD - Average: Tax revenue as % of total taxationUnit of measure usedPercentagePower codeUnits
Tax revenue as % of total taxation
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Equation = ((Tax revenue in national currency, selected tax revenue category) / Total Tax revenue)*100
Tax revenue as % of total taxationVariables collected
Equation = ((Tax revenue in national currency, selected tax revenue category) / Total Tax revenue)*100
<br />Country: OECD Average
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Unweighted average
<br />Country: OECD AverageOther data characteristics
Unweighted average