Gross operating balance, Transactions (Statement of operations) in Iceland
Iceland: Gross operating balance, Transactions (Statement of operations) was 60.96 billion in 2025. ◆ Volatile
Gross operating balance, Transactions in Iceland, 2002–2025
Source: International Monetary Fund.
Analysis
Iceland recorded 60.96 billion for gross operating balance, transactions in 2025.
Compared with earlier readings it is up 275.3% on the previous year and down 1.9% over ten years.
Over the whole period, gross operating balance, transactions in Iceland peaked at 391.40 billion in 2016 and was at its lowest, -144.55 billion, in 2020.
That places Iceland 7th out of 35 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross operating balance, Transactions (Statement of operations) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 19.35 billion | — |
| 2003 | 17.03 billion | -12.0% |
| 2004 | 46.47 billion | +172.8% |
| 2005 | 93.74 billion | +101.7% |
| 2006 | 134.44 billion | +43.4% |
| 2007 | 143.82 billion | +7.0% |
| 2008 | -116.42 billion | -180.9% |
| 2009 | -74.41 billion | -36.1% |
| 2010 | -55.77 billion | -25.0% |
| 2011 | -41.10 billion | -26.3% |
| 2012 | -515.19 million | -98.7% |
| 2013 | 43.40 billion | -8524.5% |
| 2014 | 75.02 billion | +72.9% |
| 2015 | 62.11 billion | -17.2% |
| 2016 | 391.40 billion | +530.2% |
| 2017 | 117.84 billion | -69.9% |
| 2018 | 152.84 billion | +29.7% |
| 2019 | 67.56 billion | -55.8% |
| 2020 | -144.55 billion | -314.0% |
| 2021 | -120.21 billion | -16.8% |
| 2022 | 10.78 billion | -109.0% |
| 2023 | 77.24 billion | +616.6% |
| 2024 | 16.24 billion | -79.0% |
| 2025 | 60.96 billion | +275.3% |
Iceland compared with similar countries
- Iceland's 60.96 billion is above the median for high income countries, which is 2.68 billion, 22.8× the median. (32 countries reporting)
- Iceland's 60.96 billion is above the median for Europe & Central Asia, which is 2.87 billion, 21.2× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross operating balance, Transactions (Statement of operations) 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 |
|---|---|---|---|
| 2013 | +8524.5% | -515.19 million | 43.40 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.00 billion | -116.42 billion | 143.82 billion | 8 |
| 2010s | 81.28 billion | -55.77 billion | 391.40 billion | 10 |
| 2020s | -16.59 billion | -144.55 billion | 77.24 billion | 6 |
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 gross operating balance, transactions in Iceland?
- Gross operating balance, transactions in Iceland was 60.96 billion in 2025, according to International Monetary Fund.
- What is the highest gross operating balance, transactions recorded in Iceland?
- The highest recorded value was 391.40 billion in 2016.
- What is the lowest gross operating balance, transactions recorded in Iceland?
- The lowest recorded value was -144.55 billion in 2020.
- How does Iceland rank for gross operating balance, transactions?
- Iceland ranks 7th out of 35 countries with data for 2025.
- Is gross operating balance, transactions rising or falling in Iceland?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Gross operating balance, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
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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.