Annual government deficit/surplus, revenue, expenditure and main in Iceland
Iceland: Annual government deficit/surplus, revenue, expenditure and main was 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit in 2025. ◆ Volatile
Latest (2025)
846,616 Domestic currency (incl. conversion to current currency made using a fixed parit
Change on year
up 8.8%
World rank
13th
of 30 countries
All-time high
846,616 Domestic currency (incl. conversion to current currency made using a fixed parit
in 2025
All-time low
103,784 Domestic currency (incl. conversion to current currency made using a fixed parit
in 1998
Years of data
28
1998–2025
Annual government deficit/surplus, revenue, expenditure and main in Iceland, 1998–2025
Source: Organisation for Economic Co-operation and Development. Measured in Domestic currency (incl. conversion to current currency made using a fixed parit.
Analysis
Iceland recorded 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit for annual government deficit/surplus, revenue, expenditure and main in 2025. That is the highest value across all 28 years on record.
That represents a change of up 8.8% on the previous year and up 121.4% over ten years.
Over the whole period, annual government deficit/surplus, revenue, expenditure and main in Iceland peaked at 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit in 2025 and was at its lowest, 103,784 Domestic currency (incl. conversion to current currency made using a fixed parit, in 1998.
That places Iceland 13th out of 30 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government deficit/surplus, revenue, expenditure and main in Iceland, year by year
| Year | Domestic currency (incl. conversion to current currency made using a fixed parit | Change |
|---|---|---|
| 1998 | 103,784 Domestic currency (incl. conversion to current currency made using a fixed parit | — |
| 1999 | 112,132 Domestic currency (incl. conversion to current currency made using a fixed parit | +8.0% |
| 2000 | 121,224 Domestic currency (incl. conversion to current currency made using a fixed parit | +8.1% |
| 2001 | 137,921 Domestic currency (incl. conversion to current currency made using a fixed parit | +13.8% |
| 2002 | 155,786 Domestic currency (incl. conversion to current currency made using a fixed parit | +13.0% |
| 2003 | 165,349 Domestic currency (incl. conversion to current currency made using a fixed parit | +6.1% |
| 2004 | 174,701 Domestic currency (incl. conversion to current currency made using a fixed parit | +5.7% |
| 2005 | 190,899 Domestic currency (incl. conversion to current currency made using a fixed parit | +9.3% |
| 2006 | 212,031 Domestic currency (incl. conversion to current currency made using a fixed parit | +11.1% |
| 2007 | 230,211 Domestic currency (incl. conversion to current currency made using a fixed parit | +8.6% |
| 2008 | 260,850 Domestic currency (incl. conversion to current currency made using a fixed parit | +13.3% |
| 2009 | 277,472 Domestic currency (incl. conversion to current currency made using a fixed parit | +6.4% |
| 2010 | 283,740 Domestic currency (incl. conversion to current currency made using a fixed parit | +2.3% |
| 2011 | 296,178 Domestic currency (incl. conversion to current currency made using a fixed parit | +4.4% |
| 2012 | 312,401 Domestic currency (incl. conversion to current currency made using a fixed parit | +5.5% |
| 2013 | 328,273 Domestic currency (incl. conversion to current currency made using a fixed parit | +5.1% |
| 2014 | 348,398 Domestic currency (incl. conversion to current currency made using a fixed parit | +6.1% |
| 2015 | 382,443 Domestic currency (incl. conversion to current currency made using a fixed parit | +9.8% |
| 2016 | 410,142 Domestic currency (incl. conversion to current currency made using a fixed parit | +7.2% |
| 2017 | 446,229 Domestic currency (incl. conversion to current currency made using a fixed parit | +8.8% |
| 2018 | 480,441 Domestic currency (incl. conversion to current currency made using a fixed parit | +7.7% |
| 2019 | 516,835 Domestic currency (incl. conversion to current currency made using a fixed parit | +7.6% |
| 2020 | 563,532 Domestic currency (incl. conversion to current currency made using a fixed parit | +9.0% |
| 2021 | 609,250 Domestic currency (incl. conversion to current currency made using a fixed parit | +8.1% |
| 2022 | 674,935 Domestic currency (incl. conversion to current currency made using a fixed parit | +10.8% |
| 2023 | 723,681 Domestic currency (incl. conversion to current currency made using a fixed parit | +7.2% |
| 2024 | 778,491 Domestic currency (incl. conversion to current currency made using a fixed parit | +7.6% |
| 2025 | 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 107,958 Domestic currency (incl. conversion to current currency made using a fixed parit | 103,784 Domestic currency (incl. conversion to current currency made using a fixed parit | 112,132 Domestic currency (incl. conversion to current currency made using a fixed parit | 2 |
| 2000s | 192,644 Domestic currency (incl. conversion to current currency made using a fixed parit | 121,224 Domestic currency (incl. conversion to current currency made using a fixed parit | 277,472 Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 2010s | 380,508 Domestic currency (incl. conversion to current currency made using a fixed parit | 283,740 Domestic currency (incl. conversion to current currency made using a fixed parit | 516,835 Domestic currency (incl. conversion to current currency made using a fixed parit | 10 |
| 2020s | 699,418 Domestic currency (incl. conversion to current currency made using a fixed parit | 563,532 Domestic currency (incl. conversion to current currency made using a fixed parit | 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit | 6 |
Countries ranked near Iceland
- 10 South Africa 1.20 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 11 Czechia 1.19 million Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 12 Norway 941,745 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 14 Canada 524,591 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 15 Denmark 513,656 Domestic currency (incl. conversion to current currency made using a fixed parit compare
- 16 Germany 502,066 Domestic currency (incl. conversion to current currency made using a fixed parit compare
More public sector data for Iceland
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
- Tax revenue 23.2% (2023)
- Capital stock, General government, Current prices, Domestic currency 1,595 (2019)
- Taxes on income, profits and capital gains 34.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 51.25 (2019)
- Capital stock, General government, Constant prices, Purchasing power 10.26 (2019)
- Taxes on goods and services 35.2% (2023)
Frequently asked questions
- What is annual government deficit/surplus, revenue, expenditure and main in Iceland?
- Annual government deficit/surplus, revenue, expenditure and main in Iceland was 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government deficit/surplus, revenue, expenditure and main recorded in Iceland?
- The highest recorded value was 846,616 Domestic currency (incl. conversion to current currency made using a fixed parit in 2025.
- What is the lowest annual government deficit/surplus, revenue, expenditure and main recorded in Iceland?
- The lowest recorded value was 103,784 Domestic currency (incl. conversion to current currency made using a fixed parit in 1998.
- How does Iceland rank for annual government deficit/surplus, revenue, expenditure and main?
- Iceland ranks 13th out of 30 countries with data for 2025.
- Is annual government deficit/surplus, revenue, expenditure and main rising or falling in Iceland?
- Over the last ten years it is up 121.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government deficit/surplus, revenue, expenditure and main aggregates IDC. Statizoid updates them automatically from the source API.
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