Iceland Government Budget 1998-2015 | Data | Chart | Calendar | Forecast

Iceland recorded a Government Budget deficit equal to 0.20 percent of the country's Gross Domestic Product in 2014. Government Budget in Iceland averaged -1.15 percent of GDP from 1998 until 2014, reaching an all time high of 6.30 percent of GDP in 2006 and a record low of -13.50 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
-0.20 -1.70 6.30 -13.50 1998 - 2014 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. Content for - Iceland Government Budget - was last refreshed on Saturday, August 1, 2015.


Iceland Government Last Previous Highest Lowest Unit
Government Budget -0.20 -1.70 6.30 -13.50 percent of GDP [+]
Government Debt to GDP 86.40 91.40 101.00 23.00 percent [+]
Government Budget Value 8677.00 7608.00 24990.00 -29896.00 ISK Million [+]
Government Spending 68810.00 70492.00 73334.00 46227.00 ISK Million [+]
Government Spending to GDP 45.40 44.10 55.40 34.10 percent [+]
Credit Rating 48.48 [+]
Government Revenues 56049.00 63431.00 97616.00 7463.00 ISK Million [+]


Government Budget Reference Previous Highest Lowest Unit
Australia -3.10 Dec/14 -1.20 2.00 -4.20 percent of GDP [+]
Brazil -0.60 Dec/14 1.60 2.80 -0.60 percent of GDP [+]
Canada -0.30 Dec/14 -1.00 5.10 -8.30 percent of GDP [+]
China -2.10 Dec/14 -2.10 0.58 -3.05 percent of GDP [+]
Euro Area -2.40 Dec/14 -2.90 0.00 -6.40 percent of GDP [+]
France -4.00 Dec/14 -4.10 -1.50 -7.50 percent of GDP [+]
Germany 0.70 Dec/14 0.10 1.30 -4.10 percent of GDP [+]
India -4.50 Dec/14 -4.90 -2.04 -7.80 percent of GDP [+]
Indonesia -2.25 Dec/14 -2.30 3.02 -2.50 percent of GDP [+]
Italy -3.00 Dec/14 -2.90 -0.80 -7.40 percent of GDP [+]
Japan -7.70 Dec/14 -8.40 2.58 -8.90 percent of GDP [+]
Mexico -4.00 Dec/14 -2.30 3.30 -4.00 percent of GDP [+]
Netherlands -2.30 Dec/14 -2.30 2.00 -5.60 percent of GDP [+]
Russia -0.50 Dec/14 -0.50 9.88 -7.90 percent of GDP [+]
South Korea -1.80 Dec/14 -1.50 3.47 -4.10 percent of GDP [+]
Spain -5.80 Dec/14 -6.80 2.00 -11.10 percent of GDP [+]
Switzerland -0.10 Dec/14 -0.10 2.20 -3.40 percent of GDP [+]
Turkey -1.30 Dec/14 -1.20 0.80 -33.00 percent of GDP [+]
United Kingdom -5.70 Dec/14 -5.70 3.60 -11.40 percent of GDP [+]
United States -2.80 Dec/14 -4.10 4.60 -12.10 percent of GDP [+]