Cyclically adjusted balance, General government, Percent of potential in Iceland
Iceland: Cyclically adjusted balance, General government, Percent of potential was -0.0362 in 2030. ◆ Volatile
Cyclically adjusted balance, General government, Percent of potential in Iceland, 1991–2030
Source: International Monetary Fund.
Analysis
In 2030, cyclically adjusted balance, general government, percent of potential in Iceland stood at -0.0362.
Compared with earlier readings it is up 77.7% on the previous year and up 99.3% over ten years.
Over the whole period, cyclically adjusted balance, general government, percent of potential in Iceland peaked at 11.49 in 2016 and was at its lowest, -14.55, in 2008.
Iceland ranks 17th of 88 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Cyclically adjusted balance, General government, Percent of potential in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 0 | — |
| 1992 | 0 | — |
| 1993 | 0 | — |
| 1994 | 0 | — |
| 1995 | 0 | — |
| 1996 | 0 | — |
| 1997 | 0 | — |
| 1998 | -0.3044 | — |
| 1999 | 1.03 | -436.7% |
| 2000 | 1.22 | +18.6% |
| 2001 | -1.46 | -219.9% |
| 2002 | -1.68 | +15.5% |
| 2003 | -1.48 | -11.9% |
| 2004 | -0.7888 | -46.8% |
| 2005 | 2.88 | -465.3% |
| 2006 | 4.66 | +61.9% |
| 2007 | 3.21 | -31.3% |
| 2008 | -14.55 | -553.8% |
| 2009 | -8.46 | -41.8% |
| 2010 | -4.57 | -46.0% |
| 2011 | -5.22 | +14.3% |
| 2012 | -1.57 | -69.9% |
| 2013 | -1.11 | -29.2% |
| 2014 | 0.9298 | -183.5% |
| 2015 | 0.075 | -91.9% |
| 2016 | 11.49 | +15208.9% |
| 2017 | 0.0627 | -99.5% |
| 2018 | -0.9649 | -1639.8% |
| 2019 | -2.95 | +205.5% |
| 2020 | -5.14 | +74.5% |
| 2021 | -6.17 | +19.9% |
| 2022 | -4.72 | -23.4% |
| 2023 | -4.11 | -13.0% |
| 2024 | -3.79 | -7.8% |
| 2025 | -1.22 | -67.9% |
| 2026 | -0.6556 | -46.1% |
| 2027 | -0.5363 | -18.2% |
| 2028 | -0.3346 | -37.6% |
| 2029 | -0.1624 | -51.5% |
| 2030 | -0.0362 | -77.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0801 | -0.3044 | 1.03 | 9 |
| 2000s | -1.65 | -14.55 | 4.66 | 10 |
| 2010s | -0.3832 | -5.22 | 11.49 | 10 |
| 2020s | -2.68 | -6.17 | -0.1624 | 10 |
| 2030s | -0.0362 | -0.0362 | -0.0362 | 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 cyclically adjusted balance, general government, percent of potential in Iceland?
- Cyclically adjusted balance, general government, percent of potential in Iceland was -0.0362 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted balance, general government, percent of potential recorded in Iceland?
- The highest recorded value was 11.49 in 2016.
- What is the lowest cyclically adjusted balance, general government, percent of potential recorded in Iceland?
- The lowest recorded value was -14.55 in 2008.
- How does Iceland rank for cyclically adjusted balance, general government, percent of potential?
- Iceland ranks 17th out of 88 countries with data for 2030.
- Is cyclically adjusted balance, general government, percent of potential rising or falling in Iceland?
- Over the last ten years it is up 99.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Cyclically adjusted balance, General government, Percent of potential GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October