Interest, payable, Ratio of this level of government's expenditure on in Iceland
Iceland: Interest, payable, Ratio of this level of government's expenditure on was 0.8988 in 2020. ▲ Rising
Interest, payable, Ratio of this level of government's expenditure on in Iceland, 1990–2020
Source: International Monetary Fund.
Analysis
The most recent figure for interest, payable, ratio of this level of government's expenditure on in Iceland is 0.8988, measured in 2020.
That represents a change of down 0.7% on the previous year and down 6.2% over ten years.
Over the whole period, interest, payable, ratio of this level of government's expenditure on in Iceland peaked at 0.9738 in 2009 and was at its lowest, 0.7846, in 2003.
Iceland ranks 60th of 80 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Interest, payable, Ratio of this level of government's expenditure on in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.8812 | — |
| 1991 | 0.8808 | -0.0% |
| 1992 | 0.8874 | +0.8% |
| 1993 | 0.8893 | +0.2% |
| 1994 | 0.8804 | -1.0% |
| 1995 | 0.8836 | +0.4% |
| 1996 | 0.8827 | -0.1% |
| 1997 | 0.8765 | -0.7% |
| 1998 | 0.8881 | +1.3% |
| 1999 | 0.8867 | -0.2% |
| 2000 | 0.864 | -2.6% |
| 2001 | 0.8391 | -2.9% |
| 2002 | 0.8196 | -2.3% |
| 2003 | 0.7846 | -4.3% |
| 2004 | 0.8197 | +4.5% |
| 2005 | 0.9275 | +13.1% |
| 2006 | 0.9282 | +0.1% |
| 2007 | 0.9332 | +0.5% |
| 2008 | 0.9615 | +3.0% |
| 2009 | 0.9738 | +1.3% |
| 2010 | 0.9578 | -1.6% |
| 2011 | 0.9538 | -0.4% |
| 2012 | 0.9517 | -0.2% |
| 2013 | 0.9555 | +0.4% |
| 2014 | 0.9476 | -0.8% |
| 2015 | 0.9431 | -0.5% |
| 2016 | 0.9235 | -2.1% |
| 2017 | 0.926 | +0.3% |
| 2018 | 0.9171 | -1.0% |
| 2019 | 0.905 | -1.3% |
| 2020 | 0.8988 | -0.7% |
Iceland compared with similar countries
- Iceland's 0.8988 is below the median for high income countries, which is 0.9354, 96% of the median. (42 countries reporting)
- Iceland's 0.8988 is below the median for Europe & Central Asia, which is 0.966, 93% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8837 | 0.8765 | 0.8893 | 10 |
| 2000s | 0.8851 | 0.7846 | 0.9738 | 10 |
| 2010s | 0.9381 | 0.905 | 0.9578 | 10 |
| 2020s | 0.8988 | 0.8988 | 0.8988 | 1 |
Countries ranked near Iceland
- 57 El Salvador 0.9309 compare
- 58 Uzbekistan 0.9307 compare
- 59 Denmark 0.9118 compare
- 61 Bosnia and Herzegovina 0.8959 compare
- 62 Latvia 0.8933 compare
- 63 Spain 0.8907 compare
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 interest, payable, ratio of this level of government's expenditure on in Iceland?
- Interest, payable, ratio of this level of government's expenditure on in Iceland was 0.8988 in 2020, according to International Monetary Fund.
- What is the highest interest, payable, ratio of this level of government's expenditure on recorded in Iceland?
- The highest recorded value was 0.9738 in 2009.
- What is the lowest interest, payable, ratio of this level of government's expenditure on recorded in Iceland?
- The lowest recorded value was 0.7846 in 2003.
- How does Iceland rank for interest, payable, ratio of this level of government's expenditure on?
- Iceland ranks 60th out of 80 countries with data for 2020.
- Is interest, payable, ratio of this level of government's expenditure on rising or falling in Iceland?
- Over the last ten years it is down 6.2%. 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 Interest, payable, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.