Economic affairs, Ratio of this level of government's expenditure on in Iceland
Iceland: Economic affairs, Ratio of this level of government's expenditure on was 0.8045 in 2020. ▬ Flat
Economic affairs, Ratio of this level of government's expenditure on in Iceland, 1998–2020
Source: International Monetary Fund.
Analysis
In 2020, economic affairs, ratio of this level of government's expenditure on in Iceland stood at 0.8045.
Compared with earlier readings it is up 10.4% on the previous year and down 8.5% over ten years.
Over the whole period, economic affairs, ratio of this level of government's expenditure on in Iceland peaked at 0.9233 in 2008 and was at its lowest, 0.7285, in 2019.
That places Iceland 32nd out of 60 countries with data for 2020, putting it in the middle of the range.
Economic affairs, Ratio of this level of government's expenditure on in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 0.7804 | — |
| 1999 | 0.7986 | +2.3% |
| 2000 | 0.7844 | -1.8% |
| 2001 | 0.78 | -0.6% |
| 2002 | 0.8202 | +5.2% |
| 2003 | 0.852 | +3.9% |
| 2004 | 0.8105 | -4.9% |
| 2005 | 0.8062 | -0.5% |
| 2006 | 0.7455 | -7.5% |
| 2007 | 0.742 | -0.5% |
| 2008 | 0.9233 | +24.4% |
| 2009 | 0.8337 | -9.7% |
| 2010 | 0.8793 | +5.5% |
| 2011 | 0.8593 | -2.3% |
| 2012 | 0.8031 | -6.5% |
| 2013 | 0.7673 | -4.5% |
| 2014 | 0.8452 | +10.1% |
| 2015 | 0.8261 | -2.3% |
| 2016 | 0.8151 | -1.3% |
| 2017 | 0.7496 | -8.0% |
| 2018 | 0.741 | -1.1% |
| 2019 | 0.7285 | -1.7% |
| 2020 | 0.8045 | +10.4% |
Iceland compared with similar countries
- Iceland's 0.8045 is above the median for high income countries, which is 0.7843, 1.0× the median. (36 countries reporting)
- Iceland's 0.8045 is above the median for Europe & Central Asia, which is 0.7841, 1.0× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7895 | 0.7804 | 0.7986 | 2 |
| 2000s | 0.8098 | 0.742 | 0.9233 | 10 |
| 2010s | 0.8015 | 0.7285 | 0.8793 | 10 |
| 2020s | 0.8045 | 0.8045 | 0.8045 | 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 economic affairs, ratio of this level of government's expenditure on in Iceland?
- Economic affairs, ratio of this level of government's expenditure on in Iceland was 0.8045 in 2020, according to International Monetary Fund.
- What is the highest economic affairs, ratio of this level of government's expenditure on recorded in Iceland?
- The highest recorded value was 0.9233 in 2008.
- What is the lowest economic affairs, ratio of this level of government's expenditure on recorded in Iceland?
- The lowest recorded value was 0.7285 in 2019.
- How does Iceland rank for economic affairs, ratio of this level of government's expenditure on?
- Iceland ranks 32nd out of 60 countries with data for 2020.
- Is economic affairs, ratio of this level of government's expenditure on rising or falling in Iceland?
- Over the last ten years it is down 8.5%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Economic affairs, 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.
Download this data
CSV · JSON — 23 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.