Gross operating balance, Transactions in Iceland
Iceland: Gross operating balance, Transactions 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 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% |
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
- 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 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.