Iceland vs United Kingdom of Great Britain and Northern Ireland: Deficit, Percent of own spending

Iceland
-0.3384
in 2020
United Kingdom of Great Britain and Northern Ireland
-0.3743
in 2020
Iceland rank
43rd
United Kingdom of Great Britain and Northern Ireland rank
45th

Deficit, Percent of own spending over time

  • Iceland
  • United Kingdom of Great Britain and Northern Ireland
-0.4-0.200.20.4199020052020

How they compare

Iceland currently reports -0.3384 against -0.3743 in United Kingdom of Great Britain and Northern Ireland, a difference of 0.0359.

The two have swapped places 4 times across 31 shared years of data; in 1990 it was Iceland ahead.

Iceland ranks 43rd and United Kingdom of Great Britain and Northern Ireland ranks 45th of 66 countries.

Iceland has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Iceland United Kingdom of Great Britain and Northern Ireland Difference Ahead
1990s 0.0933 -0.153 0.2463 Iceland
2000s 0.0087 -0.1756 0.1843 Iceland
2010s 0.0067 -0.1872 0.1939 Iceland
2020s -0.3384 -0.3743 0.0359 Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher deficit, percent of own spending, Iceland or United Kingdom of Great Britain and Northern Ireland?
Iceland, at -0.3384 against -0.3743 in United Kingdom of Great Britain and Northern Ireland as of 2020.
What is the difference in deficit, percent of own spending between Iceland and United Kingdom of Great Britain and Northern Ireland?
0.0359, with Iceland ahead.
How many years of comparable data are there for Iceland and United Kingdom of Great Britain and Northern Ireland?
31 years are reported by both, from 1990 to 2020.
How do Iceland and United Kingdom of Great Britain and Northern Ireland rank globally for deficit, percent of own spending?
Iceland ranks 43rd and United Kingdom of Great Britain and Northern Ireland ranks 45th 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 United Kingdom of Great Britain and Northern Ireland: Deficit, Percent of own spending. Statizoid, drawing on International Monetary Fund. Retrieved 13 September 2026, from https://public-sector.statizoid.com/compare/deficit-percent-of-own-spending-central-government/iceland/united-kingdom/

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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.