Iceland: Fiscal freedom

* indicates monthly or quarterly data series
 Iceland

Fiscal freedom index (0-100)

 Latest value 11
 Year 2024
 Measure points
 Data availability 1997 - 2024
 Average 66
 Min - Max 11 - 76
 Source The Heritage Foundation
The latest value from 2024 is 11 points, a decline from 29 points in 2023. In comparison, the world average is 52 points, based on data from 174 countries. Historically, the average for Iceland from 1997 to 2024 is 66 points. The minimum value, 11 points, was reached in 2024 while the maximum of 76 points was recorded in 2009. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Iceland - Fiscal freedom - Recent values chart

Historical series
Iceland - Fiscal freedom - historical chart - 1997-2024




The Fiscal Freedom index for Iceland from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.

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 Related indicators Latest Reference Measure
 Property rights 97 2024 points
 Freedom from corruption 84 2024 points
 Fiscal freedom 11 2024 points
 Business freedom 87 2024 points
 Labor freedom 68 2024 points
 Monetary freedom 73.40 2024 points
 Trade freedom 81 2024 points
 Investment freedom 80 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 71 2024 index points
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