Australia vs Iceland: Gross operating balance, Transactions
Gross operating balance, Transactions over time
- Australia
- Iceland
How they compare
Iceland currently reports 60.96 billion against 24.06 billion in Australia, a difference of 36.90 billion.
That makes Iceland's figure about 2.5 times Australia's.
The two have swapped places 6 times across 22 shared years of data; in 2004 it was Iceland ahead.
Australia ranks 10th and Iceland ranks 7th of 35 countries.
Across the 3 decades both report, Australia averaged higher in 1 and Iceland in 2.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 31.99 billion | 37.94 billion | 5.95 billion | Iceland |
| 2010s | 5.15 billion | 81.28 billion | 76.13 billion | Iceland |
| 2020s | -5.28 billion | -16.59 billion | 11.31 billion | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross operating balance, transactions, Australia or Iceland?
- Iceland, at 60.96 billion against 24.06 billion in Australia as of 2025.
- What is the difference in gross operating balance, transactions between Australia and Iceland?
- 36.90 billion, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 22 years are reported by both, from 2004 to 2025.
- How do Australia and Iceland rank globally for gross operating balance, transactions?
- Australia ranks 10th and Iceland ranks 7th of 35 countries.
- Where does this data come from?
- International Monetary Fund, published as Gross operating balance, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.