Tax rate on low wage earners - low wage trap in Iceland
Iceland: Tax rate on low wage earners - low wage trap was 43.8 in 2023. ▲ Rising
Latest (2023)
43.8
Change on year
down 0.5%
World rank
17th
of 32 countries
All-time high
51.7
in 2011
All-time low
38.1
in 2001
Years of data
23
2001–2023
Tax rate on low wage earners - low wage trap in Iceland, 2001–2023
Source: Eurostat.
Analysis
In 2023, tax rate on low wage earners - low wage trap in Iceland stood at 43.8.
That represents a change of down 0.5% on the previous year and down 13.8% over ten years.
Over the whole period, tax rate on low wage earners - low wage trap in Iceland peaked at 51.7 in 2011 and was at its lowest, 38.1, in 2001.
Iceland ranks 17th of 32 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 44.49 | 38.1 | 48.5 | 9 |
| 2010s | 48.57 | 45.1 | 51.7 | 10 |
| 2020s | 44.6 | 43.8 | 46.2 | 4 |
Countries ranked near Iceland
More work & labour data for Iceland
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.4964 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.4501 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.5492 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.37 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.2312 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 373.77 1000 No (2050)
- Population - Est. & Proj. — Rural population 16.3 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 169.5 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 193.08 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 362.58 1000 No (2100)
Frequently asked questions
- What is tax rate on low wage earners - low wage trap in Iceland?
- Tax rate on low wage earners - low wage trap in Iceland was 43.8 in 2023, according to Eurostat.
- What is the highest tax rate on low wage earners - low wage trap recorded in Iceland?
- The highest recorded value was 51.7 in 2011.
- What is the lowest tax rate on low wage earners - low wage trap recorded in Iceland?
- The lowest recorded value was 38.1 in 2001.
- How does Iceland rank for tax rate on low wage earners - low wage trap?
- Iceland ranks 17th out of 32 countries with data for 2023.
- Is tax rate on low wage earners - low wage trap rising or falling in Iceland?
- Over the last ten years it is down 13.8%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Tax rate on low wage earners - low wage trap. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (Eurostat).