Iceland vs Serbia: Deficit, Percent of own spending

Iceland
-0.3384
in 2020
Serbia
-0.3528
in 2020
Iceland rank
43rd
Serbia rank
44th

Deficit, Percent of own spending over time

  • Iceland
  • Serbia
-0.4-0.200.20.4199020052020

How they compare

Iceland currently reports -0.3384 against -0.3528 in Serbia, a difference of 0.0144.

The two have swapped places 4 times across 14 shared years of data; in 2007 it was Iceland ahead.

Iceland ranks 43rd and Serbia ranks 44th of 66 countries.

Across the 3 decades both report, Iceland averaged higher in 2 and Serbia in 1.

Head to head by decade

Decade Iceland Serbia Difference Ahead
2000s -0.1063 -0.1004 0.0059 Serbia
2010s 0.0067 -0.1583 0.165 Iceland
2020s -0.3384 -0.3528 0.0144 Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher deficit, percent of own spending, Iceland or Serbia?
Iceland, at -0.3384 against -0.3528 in Serbia as of 2020.
What is the difference in deficit, percent of own spending between Iceland and Serbia?
0.0144, with Iceland ahead.
How many years of comparable data are there for Iceland and Serbia?
14 years are reported by both, from 2007 to 2020.
How do Iceland and Serbia rank globally for deficit, percent of own spending?
Iceland ranks 43rd and Serbia ranks 44th of 66 countries.
Where does this data come from?
International Monetary Fund, published as Deficit, Percent of own spending (Central government). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Serbia: Deficit, Percent of own spending. Statizoid, drawing on International Monetary Fund. Retrieved 10 September 2026, from https://public-sector.statizoid.com/compare/deficit-percent-of-own-spending-central-government/iceland/serbia/

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About this data

Indicator
Deficit, Percent of own spending (Central government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
66 places, 1,155 data points, 1989–2020
Last refreshed

The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.