Compensation of employees, Ratio of this level of government's in Iceland
Iceland: Compensation of employees, Ratio of this level of government's was 0.4911 in 2020. ▼ Falling
Compensation of employees, Ratio of this level of government's in Iceland, 1990–2020
Source: International Monetary Fund.
Analysis
Iceland recorded 0.4911 for compensation of employees, ratio of this level of government's in 2020.
The figure is down 2.3% on the previous year and down 4.7% over ten years.
Over the whole period, compensation of employees, ratio of this level of government's in Iceland peaked at 0.7394 in 1990 and was at its lowest, 0.4911, in 2015.
Iceland ranks 50th of 79 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Compensation of employees, Ratio of this level of government's in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.7394 | — |
| 1991 | 0.7363 | -0.4% |
| 1992 | 0.7349 | -0.2% |
| 1993 | 0.7279 | -1.0% |
| 1994 | 0.7149 | -1.8% |
| 1995 | 0.7162 | +0.2% |
| 1996 | 0.6755 | -5.7% |
| 1997 | 0.6027 | -10.8% |
| 1998 | 0.6212 | +3.1% |
| 1999 | 0.605 | -2.6% |
| 2000 | 0.5874 | -2.9% |
| 2001 | 0.5721 | -2.6% |
| 2002 | 0.5761 | +0.7% |
| 2003 | 0.579 | +0.5% |
| 2004 | 0.5684 | -1.8% |
| 2005 | 0.5433 | -4.4% |
| 2006 | 0.5355 | -1.4% |
| 2007 | 0.5331 | -0.4% |
| 2008 | 0.5317 | -0.3% |
| 2009 | 0.518 | -2.6% |
| 2010 | 0.5155 | -0.5% |
| 2011 | 0.4966 | -3.7% |
| 2012 | 0.5007 | +0.8% |
| 2013 | 0.5019 | +0.2% |
| 2014 | 0.4935 | -1.7% |
| 2015 | 0.4911 | -0.5% |
| 2016 | 0.4971 | +1.2% |
| 2017 | 0.5014 | +0.9% |
| 2018 | 0.5005 | -0.2% |
| 2019 | 0.5029 | +0.5% |
| 2020 | 0.4911 | -2.3% |
Iceland compared with similar countries
- Iceland's 0.4911 is below the median for high income countries, which is 0.4996, 98% of the median. (42 countries reporting)
- Iceland's 0.4911 is below the median for Europe & Central Asia, which is 0.5406, 91% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6874 | 0.6027 | 0.7394 | 10 |
| 2000s | 0.5545 | 0.518 | 0.5874 | 10 |
| 2010s | 0.5001 | 0.4911 | 0.5155 | 10 |
| 2020s | 0.4911 | 0.4911 | 0.4911 | 1 |
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 compensation of employees, ratio of this level of government's in Iceland?
- Compensation of employees, ratio of this level of government's in Iceland was 0.4911 in 2020, according to International Monetary Fund.
- What is the highest compensation of employees, ratio of this level of government's recorded in Iceland?
- The highest recorded value was 0.7394 in 1990.
- What is the lowest compensation of employees, ratio of this level of government's recorded in Iceland?
- The lowest recorded value was 0.4911 in 2015.
- How does Iceland rank for compensation of employees, ratio of this level of government's?
- Iceland ranks 50th out of 79 countries with data for 2020.
- Is compensation of employees, ratio of this level of government's rising or falling in Iceland?
- Over the last ten years it is down 4.7%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Compensation of employees, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
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.