Iceland | Taxes on international trade (% of revenue)
Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes. 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 | Taxes on international trade (% of revenue)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
28.94056848 1972
27.70577933 1973
27.49157439 1974
22.25867726 1975
20.90491803 1976
21.68415137 1977
21.61248981 1978
19.70908537 1979
18.20583056 1980
19.09924056 1981
17.62634381 1982
15.7321549 1983
15.90153112 1984
14.36718122 1985
12.77339157 1986
13.044307 1987
9.96790219 1988
9.22987905 1989
9.08452694 1990
9.43455296 1991
8.37994194 1992
5.13138373 1993
1.4991643 1994
1.32206529 1995
1.20957982 1996
1.18879211 1997
1.28830946 1998
1.15599947 1999
1.19022329 2000
1.24946186 2001
0.97617156 2002
0.99791103 2003
1.00338297 2004
0.86140312 2005
0.96050488 2006
1.02597527 2007
0.91571193 2008
0.94418082 2009
1.10464846 2010
1.23652018 2011
1.21029872 2012
0.87117706 2013
0.81982871 2014
0.66283521 2015
0.42033436 2016
0.43569144 2017
0.43582353 2018
0.36982898 2019
0.29658049 2020
0.43301462 2021
0.49211124 2022
Iceland | Taxes on international trade (% of revenue)
Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes. 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