Iceland - Taxes on exports (current LCU)

The value for Taxes on exports (current LCU) in Iceland was 1,641,450 as of 2010. As the graph below shows, over the past 38 years this indicator reached a maximum value of 59,800,000 in 1998 and a minimum value of -53,500,000 in 1999.

Definition: Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1972 100,000
1973 200,000
1974 200,000
1975 200,000
1976 600,000
1977 1,000,000
1978 1,600,000
1979 2,600,000
1980 2,000,000
1981 2,800,000
1982 3,300,000
1983 6,400,000
1984 8,000,000
1985 12,800,000
1986 9,100,000
1998 59,800,000
1999 -53,500,000
2000 12,000,000
2001 601,000
2002 636,220
2003 725,000
2006 3,100,000
2008 6,255,160
2009 5,411,490
2010 1,641,450

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.

Periodicity: Annual


Topic: Public Sector Indicators

Sub-Topic: Government finance