Iceland recorded a government budget surplus of 1.80 ISK Billion in the third quarter of 2018. Government Budget Value in Iceland averaged -3.31 ISK Billion from 2004 until 2018, reaching an all time high of 373.20 ISK Billion in the first quarter of 2016 and a record low of -206.30 ISK Billion in the fourth quarter of 2008.
Government Budget Value in Iceland is expected to be 7.38 ISK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Iceland to stand at 8.93 in 12 months time. In the long-term, the Iceland Government Budget Value is projected to trend around 9.17 ISK Billion in 2020, according to our econometric models.