Net operating balance, Transactions in Iceland
Iceland: Net operating balance, Transactions was -76.07 billion in 2025. ◆ Volatile
Net operating balance, Transactions in Iceland, 2002–2025
Source: International Monetary Fund.
Analysis
Iceland recorded -76.07 billion for net operating balance, transactions in 2025.
Compared with earlier readings it is up 32.6% on the previous year and down 820.9% over ten years.
Over the whole period, net operating balance, transactions in Iceland peaked at 319.16 billion in 2016 and was at its lowest, -235.53 billion, in 2020.
That places Iceland 26th out of 35 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net operating balance, Transactions in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | -10.61 billion | — |
| 2003 | -13.58 billion | +28.0% |
| 2004 | 14.88 billion | -209.5% |
| 2005 | 60.55 billion | +307.0% |
| 2006 | 98.12 billion | +62.1% |
| 2007 | 103.36 billion | +5.3% |
| 2008 | -165.67 billion | -260.3% |
| 2009 | -132.63 billion | -19.9% |
| 2010 | -117.19 billion | -11.6% |
| 2011 | -104.81 billion | -10.6% |
| 2012 | -66.88 billion | -36.2% |
| 2013 | -23.89 billion | -64.3% |
| 2014 | 7.30 billion | -130.6% |
| 2015 | -8.26 billion | -213.1% |
| 2016 | 319.16 billion | -3963.9% |
| 2017 | 44.54 billion | -86.0% |
| 2018 | 75.01 billion | +68.4% |
| 2019 | -16.93 billion | -122.6% |
| 2020 | -235.53 billion | +1291.0% |
| 2021 | -218.69 billion | -7.1% |
| 2022 | -97.46 billion | -55.4% |
| 2023 | -42.70 billion | -56.2% |
| 2024 | -112.89 billion | +164.4% |
| 2025 | -76.07 billion | -32.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.70 billion | -165.67 billion | 103.36 billion | 8 |
| 2010s | 10.80 billion | -117.19 billion | 319.16 billion | 10 |
| 2020s | -130.56 billion | -235.53 billion | -42.70 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 net operating balance, transactions in Iceland?
- Net operating balance, transactions in Iceland was -76.07 billion in 2025, according to International Monetary Fund.
- What is the highest net operating balance, transactions recorded in Iceland?
- The highest recorded value was 319.16 billion in 2016.
- What is the lowest net operating balance, transactions recorded in Iceland?
- The lowest recorded value was -235.53 billion in 2020.
- How does Iceland rank for net operating balance, transactions?
- Iceland ranks 26th out of 35 countries with data for 2025.
- Is net operating balance, transactions rising or falling in Iceland?
- Over the last ten years it is down 820.9%. 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 Net 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.