Grants and other revenue (current LCU) in Iceland
Iceland: Grants and other revenue (current LCU) was 238.30 billion current LCU in 2023. ◆ Volatile
Grants and other revenue in Iceland, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for grants and other revenue in Iceland is 238.30 billion current LCU, measured in 2023. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 4.8% on the previous year and up 39.4% over ten years.
Over the whole period, grants and other revenue in Iceland peaked at 238.30 billion current LCU in 2023 and was at its lowest, 15.10 million current LCU, in 1972.
That places Iceland 51st out of 154 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Grants and other revenue (current LCU) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 15.10 million current LCU | — |
| 1973 | 37.50 million current LCU | +148.3% |
| 1974 | 40.60 million current LCU | +8.3% |
| 1975 | 60.50 million current LCU | +49.0% |
| 1976 | 77.30 million current LCU | +27.8% |
| 1977 | 115.30 million current LCU | +49.2% |
| 1978 | 202.70 million current LCU | +75.8% |
| 1979 | 305.30 million current LCU | +50.6% |
| 1980 | 474.60 million current LCU | +55.5% |
| 1981 | 752.30 million current LCU | +58.5% |
| 1982 | 1.42 billion current LCU | +88.7% |
| 1983 | 2.55 billion current LCU | +79.9% |
| 1984 | 3.50 billion current LCU | +36.9% |
| 1985 | 4.85 billion current LCU | +38.8% |
| 1986 | 6.52 billion current LCU | +34.3% |
| 1987 | 8.99 billion current LCU | +37.8% |
| 1988 | 12.15 billion current LCU | +35.2% |
| 1989 | 15.91 billion current LCU | +31.0% |
| 1990 | 15.33 billion current LCU | -3.7% |
| 1991 | 15.09 billion current LCU | -1.6% |
| 1992 | 17.67 billion current LCU | +17.1% |
| 1993 | 17.60 billion current LCU | -0.4% |
| 1994 | 19.51 billion current LCU | +10.8% |
| 1995 | 20.34 billion current LCU | +4.3% |
| 1996 | 21.08 billion current LCU | +3.6% |
| 1997 | 21.55 billion current LCU | +2.2% |
| 1998 | 24.32 billion current LCU | +12.8% |
| 1999 | 27.72 billion current LCU | +14.0% |
| 2000 | 29.64 billion current LCU | +6.9% |
| 2001 | 37.31 billion current LCU | +25.9% |
| 2002 | 37.16 billion current LCU | -0.4% |
| 2003 | 35.03 billion current LCU | -5.7% |
| 2004 | 38.86 billion current LCU | +10.9% |
| 2005 | 88.91 billion current LCU | +128.8% |
| 2006 | 113.32 billion current LCU | +27.5% |
| 2007 | 131.24 billion current LCU | +15.8% |
| 2008 | 237.01 billion current LCU | +80.6% |
| 2009 | 192.73 billion current LCU | -18.7% |
| 2010 | 135.33 billion current LCU | -29.8% |
| 2011 | 159.27 billion current LCU | +17.7% |
| 2012 | 173.05 billion current LCU | +8.6% |
| 2013 | 170.95 billion current LCU | -1.2% |
| 2014 | 154.55 billion current LCU | -9.6% |
| 2015 | 148.60 billion current LCU | -3.8% |
| 2016 | 179.95 billion current LCU | +21.1% |
| 2017 | 176.12 billion current LCU | -2.1% |
| 2018 | 193.08 billion current LCU | +9.6% |
| 2019 | 166.24 billion current LCU | -13.9% |
| 2020 | 123.74 billion current LCU | -25.6% |
| 2021 | 153.14 billion current LCU | +23.8% |
| 2022 | 227.44 billion current LCU | +48.5% |
| 2023 | 238.30 billion current LCU | +4.8% |
Iceland compared with similar countries
- Iceland's 238.30 billion current LCU is above the median for high income countries, which is 16.91 billion current LCU, 14.1× the median. (55 countries reporting)
- Iceland's 238.30 billion current LCU is above the median for Europe & Central Asia, which is 20.57 billion current LCU, 11.6× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 106.79 million current LCU | 15.10 million current LCU | 305.30 million current LCU | 8 |
| 1980s | 5.71 billion current LCU | 474.60 million current LCU | 15.91 billion current LCU | 10 |
| 1990s | 20.02 billion current LCU | 15.09 billion current LCU | 27.72 billion current LCU | 10 |
| 2000s | 94.12 billion current LCU | 29.64 billion current LCU | 237.01 billion current LCU | 10 |
| 2010s | 165.71 billion current LCU | 135.33 billion current LCU | 193.08 billion current LCU | 10 |
| 2020s | 185.65 billion current LCU | 123.74 billion current LCU | 238.30 billion current LCU | 4 |
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 grants and other revenue in Iceland?
- Grants and other revenue in Iceland was 238.30 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest grants and other revenue recorded in Iceland?
- The highest recorded value was 238.30 billion current LCU in 2023.
- What is the lowest grants and other revenue recorded in Iceland?
- The lowest recorded value was 15.10 million current LCU in 1972.
- How does Iceland rank for grants and other revenue?
- Iceland ranks 51st out of 154 countries with data for 2023.
- Is grants and other revenue rising or falling in Iceland?
- Over the last ten years it is up 39.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Grants and other revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the definition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.