Annual government non-financial accounts and key indicators in Iceland
Iceland: Annual government non-financial accounts and key indicators was 709,592 National currency in 2025. ◆ Volatile
Annual government non-financial accounts and key indicators in Iceland, 1998–2025
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
Iceland recorded 709,592 National currency for annual government non-financial accounts and key indicators in 2025. That is the highest value across all 28 years on record.
That represents a change of up 9.3% on the previous year and up 127.4% over ten years.
Over the whole period, annual government non-financial accounts and key indicators in Iceland peaked at 709,592 National currency in 2025 and was at its lowest, 81,493 National currency, in 1998.
Iceland ranks 13th of 32 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government non-financial accounts and key indicators in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 81,493 National currency | — |
| 1999 | 89,156 National currency | +9.4% |
| 2000 | 97,062 National currency | +8.9% |
| 2001 | 111,013 National currency | +14.4% |
| 2002 | 125,824 National currency | +13.3% |
| 2003 | 134,734 National currency | +7.1% |
| 2004 | 143,107 National currency | +6.2% |
| 2005 | 157,711 National currency | +10.2% |
| 2006 | 175,708 National currency | +11.4% |
| 2007 | 189,744 National currency | +8.0% |
| 2008 | 211,594 National currency | +11.5% |
| 2009 | 219,256 National currency | +3.6% |
| 2010 | 222,323 National currency | +1.4% |
| 2011 | 232,475 National currency | +4.6% |
| 2012 | 246,031 National currency | +5.8% |
| 2013 | 260,977 National currency | +6.1% |
| 2014 | 280,678 National currency | +7.5% |
| 2015 | 312,071 National currency | +11.2% |
| 2016 | 337,899 National currency | +8.3% |
| 2017 | 372,933 National currency | +10.4% |
| 2018 | 402,610 National currency | +8.0% |
| 2019 | 432,346 National currency | +7.4% |
| 2020 | 472,551 National currency | +9.3% |
| 2021 | 510,767 National currency | +8.1% |
| 2022 | 566,700 National currency | +11.0% |
| 2023 | 603,738 National currency | +6.5% |
| 2024 | 649,357 National currency | +7.6% |
| 2025 | 709,592 National currency | +9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 85,324 National currency | 81,493 National currency | 89,156 National currency | 2 |
| 2000s | 156,575 National currency | 97,062 National currency | 219,256 National currency | 10 |
| 2010s | 310,034 National currency | 222,323 National currency | 432,346 National currency | 10 |
| 2020s | 585,451 National currency | 472,551 National currency | 709,592 National currency | 6 |
Countries ranked near Iceland
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 non-financial accounts and key indicators in Iceland?
- Annual government non-financial accounts and key indicators in Iceland was 709,592 National currency in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government non-financial accounts and key indicators recorded in Iceland?
- The highest recorded value was 709,592 National currency in 2025.
- What is the lowest annual government non-financial accounts and key indicators recorded in Iceland?
- The lowest recorded value was 81,493 National currency in 1998.
- How does Iceland rank for annual government non-financial accounts and key indicators?
- Iceland ranks 13th out of 32 countries with data for 2025.
- Is annual government non-financial accounts and key indicators rising or falling in Iceland?
- Over the last ten years it is up 127.4%. 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 non-financial accounts and key indicators (Balancing items) — Value added, net. Statizoid updates them automatically from the source API.
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About this data
This table presents the full sequence of non-financial accounts for the General Government sector and its sub-sectors from the production account to the capital account. It shows the balancing items and is designed to be used in conjunction with the tables entitled ‘Annual government non-financial accounts and key indicators (Revenue)’ and ‘Annual government non-financial accounts and key indicators (Expenditure)’. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter in order to view the full sequence of non-financial accounts. Alternatively, specific lines within the sequence can be selected using the ‘Transaction’ filter to compare this item for combinations of sectors, countries and time periods. It is also possible to select the government sub-sectors – central, local and state (regional) government and social security funds – using the ‘Institutional sector’ filter.These indicators were presented in the previous dissemination system in the SNA_TABLE12 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org