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Iceland Taxes on international trade (current LCU) 2026: Interactive Chart & Historical Data

Taxes on international trade (current LCU) in Iceland stood at 6.155 billion in 2023, according to World Bank. The latest value is up 2.7% from 5.991 billion in 2022. Ten years earlier, in 2013, the value was 5.815 billion (up 5.8% since). The highest value since 1972 was 11 billion in 1991, the lowest 56 million in 1972. Iceland ranked 56th highest of the 94 countries in this dataset in 2022; South Korea ranked first.

Data source: World Bank · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
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What is Taxes on international trade (current LCU)?

Taxes on international trade (current LCU) captures Iceland's cross-border flows of goods and services, revealing the country's competitive position in global markets, trade relationships, and exposure to external economic shocks. Trade data encompasses exports (goods and services sold to other countries), imports (purchases from abroad), and the resulting balance (surplus when exports exceed imports, deficit when the reverse occurs). In Iceland, Taxes on international trade (current LCU) reflects comparative advantages — sectors where the country produces efficiently relative to trading partners — as well as exchange rate effects and global demand patterns. Persistent trade deficits may indicate domestic consumption exceeding production, while surpluses suggest strong export competitiveness. Trade relationships also create supply chain dependencies; disruptions in partner countries can affect Iceland's industries that rely on imported components or foreign markets for their products.

Key facts

What is the latest Taxes on international trade (current LCU) in Iceland?

Taxes on international trade (current LCU) in Iceland stood at 6.155 billion in 2023, according to World Bank.

Is Taxes on international trade (current LCU) in Iceland rising or falling?

The latest value is up 2.7% from 5.991 billion in 2022. Ten years earlier, in 2013, the value was 5.815 billion (up 5.8% since).

How does Iceland rank for Taxes on international trade (current LCU)?

Iceland ranked 56th highest of the 94 countries in this dataset in 2022; South Korea ranked first.

What is the highest Taxes on international trade (current LCU) on record in Iceland?

The highest value since 1972 was 11 billion in 1991, the lowest 56 million in 1972.

Metadata for Taxes on international trade (current LCU) in Iceland
IndicatorTaxes on international trade (current LCU)
CountryIceland
CategoryMacroeconomics
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest balance: 6.155 billion (2023)

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Source:World Bank — series GC.TAX.INTT.CN
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Taxes on international trade (current LCU) — Iceland [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-tax-intt-cn/ISL. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN

MLA

World Bank. "Taxes on international trade (current LCU) — Iceland." EconDash, 2026, https://econdash.org/chart/wdi-gc-tax-intt-cn/ISL. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN.

Chicago

World Bank. 2026. "Taxes on international trade (current LCU) — Iceland." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-tax-intt-cn/ISL. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN.

BibTeX
@misc{econdash_wdi_gc_tax_intt_cn_isl,
  author = {{World Bank}},
  title = {{Taxes on international trade (current LCU) --- Iceland}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-tax-intt-cn/ISL},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.TAX.INTT.CN}
}