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Iceland Government Budget: Revenues and Spending

Iceland Government Budget Data

Indicator Data Period
Government Budget Value -58.1 ISK Billion | -0.472 B USD 1Q/21
Government Spending 156606 ISK Million | 1.271 B USD 1Q/21
Government Revenues 316 ISK Billion | 2.565 B USD 1Q/21
Government Budget to GDP -7.3 % 2020
Government Spending to GDP 49.7 % 2020


Latest data on Government Budget Value (ISK Billion)

Government Budget Value
                     Iceland - Historical Data (ISK Billion)

How much is Iceland Government Budget?

  • The deficit of government budget in Iceland decreased to 58.1 ISK Billion (0.472 B USD) in the first quarter of 2021. The maximum surplus was 373 ISK Billion and deficit was -206 ISK Billion.
  • Data published Quarterly by Statistics.

Historical Data (ISK Billion) by years

Data
Period
Date
-58.1 1Q/21 12.06.2021
-33.2 4Q/20 13.03.2021
-68.6 3Q/20 19.12.2020
-78.4 2Q/20 19.09.2020
-32.2 1Q/20 27.08.2020
-8.3 4Q/19 29.04.2020
-5.5 3Q/19 25.02.2020
6.1 2Q/19 29.10.2019


Historical Chart by presidents (ISK Billion)

Government Budget Value in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Gudni Thorlacius Johannesson 01.08.2016 - -94815.0000 9.6000 18.8000 -94815.0000 -100.01%


Latest data on Government Spending (ISK Million)

Government Spending
                     Iceland - Historical Data (ISK Million)

What is current Iceland Government Spending?

  • Government Spending in Iceland decreased to 156606 ISK Million (1.271 B USD) in the first quarter of 2021. The maximum volume was 162886 ISK Million and minimum was 43717 ISK Million
  • Data published Quarterly by Statistics.

Historical Data (ISK Million) by years

Data
Period
Date
156606 1Q/21 05.06.2021
162886 4Q/20 26.02.2021
157879 3Q/20 05.12.2020
83085 2Q/20 31.08.2020
78789 1Q/20 30.05.2020
83258 4Q/19 28.02.2020
77006 3Q/19 29.11.2019
79869 2Q/19 29.10.2019


Historical Chart by presidents (ISK Million)

Government Spending in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Gudni Thorlacius Johannesson 01.08.2016 - 68455.0000 71623.0000 74736.0000 68455.0000 4.63%


Latest data on Government Revenues (ISK Billion)

Government Revenues
                     Iceland - Historical Data (ISK Billion)

How much is Iceland Government Revenue?

  • Government Revenues in Iceland decreased to 316 ISK Billion (2.565 B USD) in the first quarter of 2021. The maximum volume was 620 ISK Billion and minimum was 96.7 ISK Billion
  • Data published Quarterly by Statistics.

Historical Data (ISK Billion) by years

Data
Period
Date
316 1Q/21 12.06.2021
360 4Q/20 13.03.2021
299 3Q/20 19.12.2020
280 2Q/20 19.09.2020
268 1Q/20 27.08.2020
320 4Q/19 29.04.2020
307 3Q/19 25.02.2020
308 2Q/19 29.10.2019


Historical Chart by presidents (ISK Billion)

Government Revenues in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Gudni Thorlacius Johannesson 01.08.2016 - 275.0000 275.0000 275.0000 275.0000 0.00%


Latest data on Government Budget to GDP (%)

Government Budget to GDP
                     Iceland - Historical Data (%)

What is the deficit of Iceland Government Budget?

  • The deficit of Current Account to GDP in Iceland decreased to 7.3 % in 2020. The maximum surplus was 12.5 % and deficit was -12.1 %.
  • Data published Yearly by Ministry of Finance.

Historical Data (%) by years

Data
Period
Date
-7.3 2020 17.05.2021
-1 2019 22.04.2020
1.1 2018 04.07.2019


Historical Chart by presidents (%)

Government Budget to GDP in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End


Latest data on Government Spending to GDP (%)

Government Spending to GDP
                     Iceland - Historical Data (%)

What is Iceland government spending ratio to GDP?

  • Government Spending to GDP in Iceland increased to 49.7 % in 2020. The maximum level was 63.4 % and minimum was 34.1 %.
  • Data published Yearly by Statistics.

Historical Data (%) by years

Data
Period
Date
49.7 2020 17.05.2021
41.9 2019 29.04.2020
41.7 2018 04.07.2019


Historical Chart by presidents (%)

Government Spending to GDP in Iceland by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other budget indicators in Iceland

Index Updated Actual Previous
Government Debt to GDP 2019 37 % 37.4
Fiscal Expenditure  1Q/21 3.036 B USD 3.198

Government Budget to GDP in other countries

Country Updated Actual Previous
Austria 2020 -8.9 % 0.6
Ireland 2020 -5 % 0.5
Luxembourg 2020 -4.1 % 2.4
Spain 2020 -11 % -2.9
Iceland 2020 -7.3 % -1.5
Norway 2019 6.4 % 7.8
Belarus 2020 -2.6 % 2.3
Belgium 2020 -9.4 % -1.9
Bulgaria 2020 -3.4 % 2.1
Croatia 2020 -7.4 % 0.3
Cyprus 2020 -5.7 % 1.5
Czech Republic 2020 -6.2 % 0.3
Denmark 2020 -1.1 % 3.8
Estonia 2020 -4.9 % 0.1
Euro Area 2020 -7.2 % -0.6
Finland 2020 -5.4 % -0.9
France 2020 -9.2 % -3.1
Germany 2020 -4.2 % 1.5
Greece 2020 -9.7 % 1.1
Hungary 2020 -8.1 % -2.1
Italy 2020 -9.5 % -1.6
Latvia 2020 -4.5 % -0.6
Lithuania 2020 -7.4 % 0.5
Macedonia 2019 -2 % -1.7
Malta 2020 -10.1 % 0.4
Moldova 2019 -1.4 % -0.8
Montenegro 2019 -2 % -4.6
Netherlands 2020 -4.3 % 1.8
Poland 2020 -7 % -0.7
Portugal 2020 -5.7 % 0.1
Romania 2020 -9.2 % -4.4
Russia 2020 -3.8 % 1.8
Serbia 2019 0.2 % 0.6
Slovakia 2020 -6.2 % -1.3
Slovenia 2020 -8.4 % 0.4
Sweden 2020 -3.1 % 0.6
Switzerland 2020 -2.6 % 1.4
Turkey 2020 -3.4 % -2.9
Ukraine 2019 -2.1 % -1.9
United Kingdom 2021 -16.9 % -2.6
Albania 2019 -1.9 % -1.6
Bosnia and Herzegovina 2019 1.9 % 2.2
Kosovo 2019 -0.3 % -2.5