Statistics Iceland
Statistical Database
Íslenska
Statistical database
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Income by education, sex and age 1990-2021

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7/4/2023
Thousand ISK/number
1990-2021
Hagstofa Íslands.
TEK01008
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Field for searching for a specific value in the list box. This is examples of values you can search for.Total , 16 - 24 years , 16 - 64 ára ,

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Field for searching for a specific value in the list box. This is examples of values you can search for.1990 , 1991 , 1992 ,

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Income - tax returns is statistics based on individuals tax returns. Everyone is tax reliable from the age of 16 in Iceland.
Population - the outcome is based on taxpayers who are taxable in Iceland excluding the following:
Taxpayers who have their tax return hand calculated.
Taxpayers who have their tax return estimated on relevant income year or the year before.
Taxpayers who died on the income year or those who only lived in Iceland partially on the income year, have tax liability in Iceland, have income in Iceland but do not live in Iceland and also if a change has been in their marital status to be mentioned or other changes in their status which calls for special treatment in their tax return. An individual who has lived abroad for more than 30 days is concidered living abroad.
Education is classified according to the ÍSMENNT2011, see here https://hagstofa.is/media/50388/ismennt2011.pdf. These are preliminary data.

Income and taxes

Total annual income

Total of income from work, capital income and other income.

Income from work

Wages and other work related income such as car benefits, daily allowance and other benefits, calculated remuneration and income from abroad, other than capital income is calculated as income from work.

Capital income

Income from interests, devidend, profit from sales and rental income excluding business. Income from work related business is also including in capital income.

Other income

Payments from pension funds, the Social Insurance Administration and other compensations such as unemployment benefits and interest- and child support reliefs. Interest- and child support reliefs are calculated on cash base, on the year they are paid i.e. the year before the income year. Research benefits, scholarships, lottery winnings and some other incomes is also included in other income.

Taxes

Total of state income tax, municipal income tax, property tax, capital income and other taxes which is paid on the income year. In some cases a refund from taxes is possible. Taxes are withholding taxes paid on the income year or in case of accrued taxes/balances paid the year after the income year. All taxes are calculated on cash base, i.e. according to the year they are paid.

Disposable income

Total income deducted by taxes and payments from pension funds since the beginning of the year 1997.

Unit

Mean - total

Mean for all tax payers.

Mean - conditional

Mean for tax payers with specific income/taxes.

Median - total

Median for all tax payers.

Median - conditional

Median for tax payers with specific income/taxes.

Number - total

Total number of tax payers.

Number - conditional

Tax payers with specific income/taxes.

Standard deviation - total

Standard deviation for all tax payers.

Standard deviation - conditional

Standard deviation for tax payers with specific income/taxes.

Education

Basic education - ISCED 1, 2

Based on ISMENNT 0 til 27.

Upper secondary education - ISCED 3, 4

Based on ISMENNT 30 til 44.

- Vocational education at the upper secondary level

Based on ISMENNT 36 til 37 og 43 til 44.

- General education at the upper secondary level

Based on ISMENNT 31 til 35 og 41 til 42.

Tertiary education - ISCED 5, 6, 7, 8

Based on ISMENNT 50 til 80.

- Short-cycle tertiary education

Based on ISMENNT 51 til 52.

- Bachelor’s or equivalent level

Based on ISMENNT 61 til 62.

- Master’s or equivalent level

Based on ISMENNT 71 til 72.

- Doctoral or equivalent level

Based on ISMENNT 80.