Iceland recorded a Government Budget deficit equal to 1 percent of the country's Gross Domestic Product in 2019.
Government Budget in Iceland averaged -1.32 percent of GDP from 1980 until 2019, reaching an all time high of 12.40 percent of GDP in 2016 and a record low of -12.90 percent of GDP in 2008. This page provides - Iceland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Budget - values, historical data and charts - was last updated on August of 2020.
Government Budget in Iceland is expected to reach -8.40 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Budget is projected to trend around -9.90 percent of GDP in 2021 and -6.20 percent of GDP in 2022, according to our econometric models.