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% |
Iceland compared with similar countries
- Iceland's -0.0362 is above the median for high income countries, which is -2.33, 2% of the median. (48 countries reporting)
- Iceland's -0.0362 is above the median for Europe & Central Asia, which is -2.54, 1% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Cyclically adjusted balance, General government, Percent of potential in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | +15208.9% | 0.075 | 11.49 |
| 2018 | -1639.8% | 0.0627 | -0.9649 |
| 2008 | -553.8% | 3.21 | -14.55 |
| 2005 | +465.3% | -0.7888 | 2.88 |
| 1999 | +436.7% | -0.3044 | 1.03 |
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
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
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