Annual government non-financial accounts and key indicators in Iceland
Iceland: Annual government non-financial accounts and key indicators was 194,557 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 194,557 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 6.7% on the previous year and up 211.6% over ten years.
Over the whole period, annual government non-financial accounts and key indicators in Iceland peaked at 194,557 National currency in 2025 and was at its lowest, 30,416 National currency, in 1998.
That places Iceland 14th out of 36 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 non-financial accounts and key indicators in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 30,416 National currency | — |
| 1999 | 34,246 National currency | +12.6% |
| 2000 | 33,063 National currency | -3.5% |
| 2001 | 40,667 National currency | +23.0% |
| 2002 | 38,386 National currency | -5.6% |
| 2003 | 37,008 National currency | -3.6% |
| 2004 | 43,250 National currency | +16.9% |
| 2005 | 40,160 National currency | -7.1% |
| 2006 | 54,804 National currency | +36.5% |
| 2007 | 65,514 National currency | +19.5% |
| 2008 | 75,975 National currency | +16.0% |
| 2009 | 63,223 National currency | -16.8% |
| 2010 | 54,976 National currency | -13.0% |
| 2011 | 73,304 National currency | +33.3% |
| 2012 | 46,177 National currency | -37.0% |
| 2013 | 59,520 National currency | +28.9% |
| 2014 | 61,632 National currency | +3.5% |
| 2015 | 62,444 National currency | +1.3% |
| 2016 | 66,315 National currency | +6.2% |
| 2017 | 82,032 National currency | +23.7% |
| 2018 | 120,981 National currency | +47.5% |
| 2019 | 110,711 National currency | -8.5% |
| 2020 | 116,408 National currency | +5.1% |
| 2021 | 142,961 National currency | +22.8% |
| 2022 | 159,105 National currency | +11.3% |
| 2023 | 175,309 National currency | +10.2% |
| 2024 | 182,288 National currency | +4.0% |
| 2025 | 194,557 National currency | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32,331 National currency | 30,416 National currency | 34,246 National currency | 2 |
| 2000s | 49,205 National currency | 33,063 National currency | 75,975 National currency | 10 |
| 2010s | 73,809 National currency | 46,177 National currency | 120,981 National currency | 10 |
| 2020s | 161,771 National currency | 116,408 National currency | 194,557 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 194,557 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 194,557 National currency in 2025.
- What is the lowest annual government non-financial accounts and key indicators recorded in Iceland?
- The lowest recorded value was 30,416 National currency in 1998.
- How does Iceland rank for annual government non-financial accounts and key indicators?
- Iceland ranks 14th out of 36 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 211.6%. 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 (Expenditure) — Gross fixed capital formation. 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 Expenditure (or Uses) side of the accounts, not including the balancing items, and is designed to be used in conjunction with the tables entitled ‘Annual government non-financial accounts and key indicators (Revenues)’ and ‘Annual government non-financial accounts and key indicators (Balancing items)’. 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