Iceland Government Budget: Revenues and Spending
Iceland Government Budget Data
| Indicator | Data | Period |
|---|---|---|
| Government Budget Value | -15.7 ISK Billion | -0.114 B USD | 2Q/23 |
| Government Spending | 171206 ISK Million | 1.242 B USD | 2Q/23 |
| Government Revenues | 449 ISK Billion | 3.256 B USD | 2Q/23 |
| Government Budget to GDP | -4.3 % | 2022 |
| Government Spending to GDP | 46.1 % | 2022 |
Latest data on Government Budget Value (ISK Billion)
How much is Iceland Government Budget?
- The deficit of government budget in Iceland increased to 15.7 ISK Billion (0.114 B USD) in the second quarter of 2023. 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
| -15.7 | 2Q/23 | 16.09.2023 |
| -21 | 1Q/23 | 10.06.2023 |
| -44.9 | 4Q/22 | 25.03.2023 |
| -53.3 | 3Q/22 | 17.12.2022 |
| -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 |
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)
What is current Iceland Government Spending?
- Government Spending in Iceland increased to 171206 ISK Million (1.242 B USD) in the second quarter of 2023. 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
| 171206 | 2Q/23 | 31.08.2023 |
| 166094 | 1Q/23 | 31.05.2023 |
| 172089 | 4Q/22 | 04.03.2023 |
| 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 |
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)
How much is Iceland Government Revenue?
- Government Revenues in Iceland increased to 449 ISK Billion (3.256 B USD) in the second quarter of 2023. 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
| 449 | 2Q/23 | 16.09.2023 |
| 422 | 1Q/23 | 10.06.2023 |
| 426 | 4Q/22 | 25.03.2023 |
| 394 | 3Q/22 | 17.12.2022 |
| 377 | 2Q/22 | 17.09.2022 |
| 370 | 1Q/22 | 11.06.2022 |
| 345 | 4Q/21 | 12.03.2022 |
| 345 | 3Q/21 | 18.01.2022 |
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 (%)
What is the deficit of Iceland Government Budget?
- The deficit of Current Account to GDP in Iceland increased to 4.3 % in 2022. 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
| -4.3 | 2022 | 19.04.2023 |
| -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 (%)
What is Iceland government spending ratio to GDP?
- Government Spending to GDP in Iceland decreased to 46.1 % in 2022. The maximum level was 63.4 % and minimum was 34.1 %.
- Data published Yearly by Statistics.
Historical Data (%) by years
Data
Period
Date
| 46.1 | 2022 | 09.05.2023 |
| 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 | 2022 | 68.7 % | 75.3 |
| Fiscal Expenditure | 2Q/23 | 3.372 B USD | 3.242 |
Government Budget to GDP in other countries
| Country | Updated | Actual | Previous |
| Austria | 2022 | -3.2 % | -5.8 |
| Ireland | 2022 | 1.6 % | -1.6 |
| Luxembourg | 2022 | 0.2 % | 0.7 |
| Spain | 2022 | -4.8 % | -6.9 |
| Iceland | 2022 | -4.3 % | -8.4 |
| Norway | 2022 | 26 % | 10.6 |
| Belarus | 2021 | -0.3 % | -1.3 |
| Belgium | 2022 | -3.9 % | -5.5 |
| Bulgaria | 2022 | -2.8 % | -3.9 |
| Croatia | 2022 | 0.4 % | -2.5 |
| Cyprus | 2022 | 2.1 % | -2 |
| Czech Republic | 2022 | -3.2 % | -5.1 |
| Denmark | 2022 | 3.3 % | 3.6 |
| Estonia | 2022 | -0.9 % | -2.4 |
| Euro Area | 2022 | -3.6 % | -5.3 |
| Finland | 2022 | -0.9 % | -2.8 |
| France | 2022 | -4.7 % | -6.5 |
| Germany | 2022 | -2.6 % | -3.7 |
| Greece | 2022 | -2.3 % | -7.1 |
| Hungary | 2022 | -6.2 % | -7.1 |
| Italy | 2022 | -8 % | -9 |
| Latvia | 2022 | -4.4 % | -7.1 |
| Lithuania | 2022 | -0.6 % | -1.2 |
| Macedonia | 2022 | -4.1 % | -5.4 |
| Malta | 2022 | -5.8 % | -7.8 |
| Moldova | 2022 | -3.3 % | -2.6 |
| Montenegro | 2022 | -4.6 % | -1.7 |
| Netherlands | 2022 | 0 % | -2.4 |
| Poland | 2022 | -3.7 % | -1.8 |
| Portugal | 2022 | -0.4 % | -2.9 |
| Romania | 2022 | -5.8 % | -7.1 |
| Russia | 2022 | -2.3 % | 0.8 |
| Serbia | 2022 | -3.3 % | -4.6 |
| Slovakia | 2022 | -2 % | -5.4 |
| Slovenia | 2022 | -3 % | -4.6 |
| Sweden | 2022 | 0.7 % | 0 |
| Switzerland | 2022 | 1 % | -0.3 |
| Turkey | 2022 | -0.9 % | -2.8 |
| Ukraine | 2022 | -16.3 % | -3.4 |
| United Kingdom | 2022 | -5.5 % | -5.2 |
| Albania | 2022 | -3.8 % | -4.5 |
| Bosnia and Herzegovina | 2022 | -0.4 % | -0.3 |
| Kosovo | 2021 | -0.9 % | -7.6 |
