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Iceland Government Budget: Revenues and Spending

Iceland Government Budget Data

Indicator Data Period
Government Budget Value -97.7 ISK Billion | -0.68 B USD 2Q/22
Government Spending 165774 ISK Million | 1.155 B USD 3Q/22
Government Revenues 377 ISK Billion | 2.626 B USD 2Q/22
Government Budget to GDP -8.9 % 2021
Government Spending to GDP 49.3 % 2021


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 97.7 ISK Billion (0.68 B USD) in the second quarter of 2022. 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
-97.7 2Q/22 17.09.2022
-20.7 1Q/22 11.06.2022
-89.5 4Q/21 12.03.2022
-34.2 3Q/21 18.01.2022
-88.2 2Q/21 18.09.2021
-58.1 1Q/21 12.06.2021
-33.2 4Q/20 13.03.2021
-68.6 3Q/20 19.12.2020


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 165774 ISK Million (1.155 B USD) in the third quarter of 2022. 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
165774 3Q/22 30.11.2022
166606 2Q/22 03.09.2022
162977 1Q/22 04.06.2022
165661 4Q/21 28.02.2022
158883 3Q/21 18.01.2022
165061 2Q/21 31.08.2021
156606 1Q/21 05.06.2021
162886 4Q/20 26.02.2021


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 increased to 377 ISK Billion (2.626 B USD) in the second quarter of 2022. 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
377 2Q/22 17.09.2022
370 1Q/22 11.06.2022
345 4Q/21 12.03.2022
345 3Q/21 18.01.2022
312 2Q/21 18.09.2021
316 1Q/21 12.06.2021
360 4Q/20 13.03.2021
299 3Q/20 19.12.2020


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 8.9 % in 2021. 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
-8.9 2021 03.05.2022
-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 decreased to 49.3 % in 2021. The maximum level was 63.4 % and minimum was 34.1 %.
  • Data published Yearly by Statistics.

Historical Data (%) by years

Data
Period
Date
49.3 2021 20.07.2022
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 2021 75 % 77.4
Fiscal Expenditure  2Q/22 3.308 B USD 2.723

Government Budget to GDP in other countries

Country Updated Actual Previous
Austria 2021 -5.9 % -8
Ireland 2021 -0.1 % -5.1
Luxembourg 2021 0.8 % -3.4
Spain 2021 -6.9 % -10.3
Iceland 2021 -8.9 % -8.7
Norway 2021 9.1 % -2.6
Belarus 2021 -0.3 % -1.3
Belgium 2021 -5.5 % -9
Bulgaria 2021 -4.1 % -4
Croatia 2021 -2.9 % -7.3
Cyprus 2021 -1.7 % -5.8
Czech Republic 2021 -5.9 % -5.8
Denmark 2021 3.6 % 0.2
Estonia 2021 -2.4 % -5.6
Euro Area 2021 -5.1 % -7.1
Finland 2021 -2.7 % -5.5
France 2021 -6.5 % -8.9
Germany 2021 -3.7 % -4.3
Greece 2021 -7.4 % -10.2
Hungary 2021 -6.8 % -7.8
Italy 2021 -7.2 % -9.6
Latvia 2021 -7.3 % -4.5
Lithuania 2021 -1 % -7.3
Macedonia 2021 -5.4 % -8.1
Malta 2021 -8 % -9.5
Moldova 2021 -1.9 % -5.3
Montenegro 2021 -2.03 % -10.1
Netherlands 2021 -2.6 % -3.7
Poland 2021 -1.9 % -6.9
Portugal 2021 -2.8 % -5.8
Romania 2021 -7.1 % -9.3
Russia 2021 0.8 % -4
Serbia 2021 -4.6 % -8.3
Slovakia 2021 -6.2 % -5.5
Slovenia 2021 -5.2 % -7.8
Sweden 2021 -0.2 % -2.7
Switzerland 2021 -0.7 % -3.2
Turkey 2021 -2.7 % -3.5
Ukraine 2021 -3.4 % -5.3
United Kingdom 2021 -5.7 % -15
Albania 2021 -4.8 % -6.8
Bosnia and Herzegovina 2021 -0.3 % -5.3
Kosovo 2021 -0.9 % -9.9