Grants and other revenue (% of revenue) in Iceland
Iceland: Grants and other revenue (% of revenue) was 17.2% in 2023. ▲ Rising
Grants and other revenue in Iceland, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2023, grants and other revenue in Iceland stood at 17.2%.
Compared with earlier readings it is down 7.7% on the previous year and down 32.7% over ten years.
Over the whole period, grants and other revenue in Iceland peaked at 37.0% in 2008 and was at its lowest, 7.8%, in 1972.
Iceland ranks 84th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Grants and other revenue (% of revenue) in Iceland, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 7.8% | — |
| 1973 | 13.1% | +68.3% |
| 1974 | 9.8% | -25.6% |
| 1975 | 10.4% | +6.9% |
| 1976 | 10.1% | -3.0% |
| 1977 | 10.8% | +6.5% |
| 1978 | 11.8% | +9.3% |
| 1979 | 11.6% | -1.5% |
| 1980 | 11.6% | -0.2% |
| 1981 | 11.4% | -2.1% |
| 1982 | 13.2% | +16.1% |
| 1983 | 14.6% | +10.7% |
| 1984 | 14.8% | +1.4% |
| 1985 | 15.5% | +5.0% |
| 1986 | 15.6% | +0.7% |
| 1987 | 16.3% | +4.2% |
| 1988 | 16.7% | +2.3% |
| 1989 | 16.9% | +1.1% |
| 1990 | 14.3% | -15.2% |
| 1991 | 12.9% | -9.4% |
| 1992 | 14.5% | +12.1% |
| 1993 | 14.4% | -0.7% |
| 1994 | 15.1% | +4.6% |
| 1995 | 15.1% | -0.1% |
| 1996 | 14.1% | -6.7% |
| 1997 | 14.0% | -0.4% |
| 1998 | 13.1% | -6.3% |
| 1999 | 13.0% | -1.2% |
| 2000 | 13.0% | +0.4% |
| 2001 | 15.4% | +18.6% |
| 2002 | 14.7% | -5.0% |
| 2003 | 13.0% | -11.0% |
| 2004 | 12.6% | -3.1% |
| 2005 | 21.6% | +71.3% |
| 2006 | 23.5% | +8.8% |
| 2007 | 24.7% | +5.0% |
| 2008 | 37.0% | +49.6% |
| 2009 | 34.2% | -7.4% |
| 2010 | 25.1% | -26.7% |
| 2011 | 27.0% | +7.6% |
| 2012 | 27.3% | +0.9% |
| 2013 | 25.6% | -6.1% |
| 2014 | 20.9% | -18.3% |
| 2015 | 19.7% | -5.6% |
| 2016 | 14.9% | -24.7% |
| 2017 | 19.6% | +31.9% |
| 2018 | 20.4% | +4.2% |
| 2019 | 17.9% | -12.3% |
| 2020 | 14.3% | -20.5% |
| 2021 | 16.1% | +12.9% |
| 2022 | 18.7% | +16.1% |
| 2023 | 17.2% | -7.7% |
Iceland compared with similar countries
- Iceland's 17.2% is above the median for high income countries, which is 13.2%, 1.3× the median. (55 countries reporting)
- Iceland's 17.2% is above the median for Europe & Central Asia, which is 12.4%, 1.4× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Grants and other revenue (% of revenue) 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 |
|---|---|---|---|
| 2005 | +71.3% | 12.6% | 21.6% |
| 1973 | +68.3% | 7.8% | 13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.7% | 7.8% | 13.1% | 8 |
| 1980s | 14.7% | 11.4% | 16.9% | 10 |
| 1990s | 14.0% | 12.9% | 15.1% | 10 |
| 2000s | 21.0% | 12.6% | 37.0% | 10 |
| 2010s | 21.9% | 14.9% | 27.3% | 10 |
| 2020s | 16.6% | 14.3% | 18.7% | 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)
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- 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 17.2% 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 37.0% in 2008.
- What is the lowest grants and other revenue recorded in Iceland?
- The lowest recorded value was 7.8% in 1972.
- How does Iceland rank for grants and other revenue?
- Iceland ranks 84th 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 down 32.7%. The long-run trend across the full record is rising.
- 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.