Expenditure decentralization (ratio of own spending to general) in Iceland
Iceland: Expenditure decentralization (ratio of own spending to general) was 0.4698 in 2020. ▼ Falling
Expenditure decentralization (ratio of own spending to general) in Iceland, 1990–2020
Source: International Monetary Fund.
Analysis
In 2020, expenditure decentralization (ratio of own spending to general) in Iceland stood at 0.4698. That is the lowest value across all 31 years on record.
The figure is down 3.0% on the previous year and down 18.5% over ten years.
Over the whole period, expenditure decentralization (ratio of own spending to general) in Iceland peaked at 0.6818 in 2008 and was at its lowest, 0.4698, in 2020.
That places Iceland 46th out of 65 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Expenditure decentralization (ratio of own spending to general) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.6117 | — |
| 1991 | 0.6105 | -0.2% |
| 1992 | 0.5969 | -2.2% |
| 1993 | 0.5865 | -1.7% |
| 1994 | 0.5826 | -0.7% |
| 1995 | 0.5864 | +0.6% |
| 1996 | 0.5786 | -1.3% |
| 1997 | 0.5407 | -6.5% |
| 1998 | 0.5624 | +4.0% |
| 1999 | 0.5692 | +1.2% |
| 2000 | 0.5581 | -2.0% |
| 2001 | 0.5538 | -0.8% |
| 2002 | 0.5373 | -3.0% |
| 2003 | 0.5358 | -0.3% |
| 2004 | 0.52 | -3.0% |
| 2005 | 0.5582 | +7.3% |
| 2006 | 0.5544 | -0.7% |
| 2007 | 0.5587 | +0.8% |
| 2008 | 0.6818 | +22.0% |
| 2009 | 0.5984 | -12.2% |
| 2010 | 0.5765 | -3.7% |
| 2011 | 0.5843 | +1.4% |
| 2012 | 0.5614 | -3.9% |
| 2013 | 0.5488 | -2.2% |
| 2014 | 0.5404 | -1.5% |
| 2015 | 0.5379 | -0.5% |
| 2016 | 0.5719 | +6.3% |
| 2017 | 0.4995 | -12.6% |
| 2018 | 0.5018 | +0.5% |
| 2019 | 0.4842 | -3.5% |
| 2020 | 0.4698 | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5825 | 0.5407 | 0.6117 | 10 |
| 2000s | 0.5656 | 0.52 | 0.6818 | 10 |
| 2010s | 0.5407 | 0.4842 | 0.5843 | 10 |
| 2020s | 0.4698 | 0.4698 | 0.4698 | 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 expenditure decentralization (ratio of own spending to general) in Iceland?
- Expenditure decentralization (ratio of own spending to general) in Iceland was 0.4698 in 2020, according to International Monetary Fund.
- What is the highest expenditure decentralization (ratio of own spending to general) recorded in Iceland?
- The highest recorded value was 0.6818 in 2008.
- What is the lowest expenditure decentralization (ratio of own spending to general) recorded in Iceland?
- The lowest recorded value was 0.4698 in 2020.
- How does Iceland rank for expenditure decentralization (ratio of own spending to general)?
- Iceland ranks 46th out of 65 countries with data for 2020.
- Is expenditure decentralization (ratio of own spending to general) rising or falling in Iceland?
- Over the last ten years it is down 18.5%. 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 Expenditure decentralization (ratio of own spending to general government spending), 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.