Iceland Government Budget  1980-2016 | Data | Chart | Calendar | Forecast

Iceland recorded a Government Budget deficit equal to 0.50 percent of the country's Gross Domestic Product in 2015. Government Budget in Iceland averaged -1.83 percent of GDP from 1980 until 2015, reaching an all time high of 5.90 percent of GDP in 2006 and a record low of -13.10 percent of GDP in 2008. Government Budget in Iceland is reported by the Icelandic Ministry of Finance.

Iceland Government Budget
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Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.10 5.90 -13.10 1980 - 2015 percent of GDP Yearly
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Iceland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Budget - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 82.40 85.20 95.00 23.00 percent [+]
Government Budget -0.50 -0.10 5.90 -13.10 percent of GDP [+]
Government Budget Value 12418.00 -1688.00 56275.00 -199398.00 ISK Million [+]
Government Spending 67183.00 70814.00 72350.00 45049.00 ISK Million [+]
Government Spending to GDP 42.70 45.30 55.70 34.10 percent [+]
Government Revenues 66264.00 44850.00 98620.00 7463.00 ISK Million [+]
Fiscal Expenditure 53846.00 46538.00 251416.00 6452.00 ISK Million [+]
Credit Rating 55.45 [+]




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