Expense, Transactions in Iceland
Iceland: Expense, Transactions was 2.17 trillion in 2025. β² Rising
Expense, Transactions in Iceland, 2002β2025
Source: International Monetary Fund.
Analysis
Iceland recorded 2.17 trillion for expense, transactions in 2025. That is the highest value across all 24 years on record.
That represents a change of up 3.2% on the previous year and up 114.8% over ten years.
Over the whole period, expense, transactions in Iceland peaked at 2.17 trillion in 2025 and was at its lowest, 379.93 billion, in 2002.
Iceland ranks 10th of 35 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 585.04 billion | 379.93 billion | 981.42 billion | 8 |
| 2010s | 1.03 trillion | 826.63 billion | 1.29 trillion | 10 |
| 2020s | 1.83 trillion | 1.48 trillion | 2.17 trillion | 6 |
Countries ranked near Iceland
More public sector data for Iceland
- 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)
- Net investment in nonfinancial assets 2.3% (2023)
- Capital stock, General government, Current prices, Domestic currency 0.0044 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) -1.1% (2023)
Frequently asked questions
- What is expense, transactions in Iceland?
- Expense, transactions in Iceland was 2.17 trillion in 2025, according to International Monetary Fund.
- What is the highest expense, transactions recorded in Iceland?
- The highest recorded value was 2.17 trillion in 2025.
- What is the lowest expense, transactions recorded in Iceland?
- The lowest recorded value was 379.93 billion in 2002.
- How does Iceland rank for expense, transactions?
- Iceland ranks 10th out of 35 countries with data for 2025.
- Is expense, transactions rising or falling in Iceland?
- Over the last ten years it is up 114.8%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Expense, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 24 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.