Iceland recorded a Government Budget deficit equal to 0 percent of the country's Gross Domestic Product in 2017. Government Budget in Iceland averaged -1.40 percent of GDP from 1980 until 2017, reaching an all time high of 12.30 percent of GDP in 2016 and a record low of -12.90 percent of GDP in 2008.

Government Budget in Iceland is expected to be 1.10 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Budget is projected to trend around 0.90 percent of GDP in 2020, according to our econometric models.

Iceland Government Budget
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Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.30 52.80 94.70 23.00 percent [+]
Government Budget 0.00 12.30 12.30 -12.90 percent of GDP [+]
Government Budget Value 9.60 18.80 373.10 -206.30 ISK Billion [+]
Government Spending 74967.00 77043.00 77049.00 44951.00 ISK Million [+]
Government Spending to GDP 41.90 45.20 55.30 34.10 percent [+]
Government Revenues 275.00 300.40 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 265.40 281.60 372.40 97.80 ISK Billion [+]
Credit Rating 55.45 [+]
Asylum Applications 60.00 45.00 255.00 5.00 persons [+]


Iceland Government Budget

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Iceland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Budget - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 12.30 12.30 -12.90 1980 - 2017 percent of GDP Yearly




Country Last Previous
Argentina -3.90 Dec/17
Australia -1.90 Dec/17
Brazil -7.80 Dec/17
Canada -0.90 Dec/17
China -3.50 Dec/17
Euro Area -0.90 Dec/17
France -2.60 Dec/17
Germany 1.30 Dec/17
India -3.53 Dec/17
Indonesia -2.50 Dec/17
Italy -2.30 Dec/17
Japan -4.50 Dec/17
Mexico -2.90 Dec/17
Netherlands 1.10 Dec/17
Russia -1.50 Dec/17
Saudi Arabia -8.90 Dec/17
Singapore 0.30 Dec/17
South Africa -4.60 Dec/17
South Korea -2.00 Dec/17
Spain -3.10 Dec/17
Switzerland 1.20 Dec/17
Turkey -1.50 Dec/17
United Kingdom -2.30 Dec/17
United States -3.50 Dec/17


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