Iceland | Customs and other import duties (% of tax revenue)

Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source
Iceland | Customs and other import duties (% of tax revenue)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 32.28858664
1973 32.43697479
1974 30.83333333
1975 25.20210186
1976 23.2895333
1977 24.61318995
1978 24.75350646
1979 21.9271968
1980 20.11275464
1981 20.69341206
1982 19.30143014
1983 18.08201348
1984 18.82921544
1985 17.1398625
1986 15.11935224
1987 15.05720461
1988 10.54598829
1989 10.39102978
1990 10.35873296
1991 11.3997289
1992 10.31791779
1993 6.31205359
1994 1.72936973
1995 1.67449795
1996 1.56597736
1997 1.5502832
1998 1.61115388
1999 1.50422638
2000 1.51549827
2001 1.65429217
2002 1.28215066
2003 1.29119263
2004 1.28403731
2005 1.22389213
2006 1.4016448
2007 1.51278317
2008 1.61808122
2009 1.63752093
2010 1.7504792
2011 2.00609625
2012 1.93608134
2013 1.36293544
2014 1.18560137
2015 0.95146166
2016 0.5383681
2017 0.6188969
2018 0.63009401
2019 0.51674931
2020 0.3924464
2021 0.58767424
2022 0.68513477

Iceland | Customs and other import duties (% of tax revenue)

Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source