Other expense in Iceland
Iceland: Other expense was 148.12 billion current LCU in 2023. ◆ Volatile
Other expense in Iceland, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, other expense in Iceland stood at 148.12 billion current LCU.
The figure is up 29.0% on the previous year and up 147.5% over ten years.
Over the whole period, other expense in Iceland peaked at 249.98 billion current LCU in 2008 and was at its lowest, 2.42 billion current LCU, in 1997.
Iceland ranks 40th of 149 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Other expense in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 5.42 billion current LCU | — |
| 1991 | 6.69 billion current LCU | +23.4% |
| 1992 | 5.54 billion current LCU | -17.3% |
| 1993 | 3.35 billion current LCU | -39.4% |
| 1994 | 5.59 billion current LCU | +66.8% |
| 1995 | 2.76 billion current LCU | -50.7% |
| 1996 | 4.20 billion current LCU | +52.5% |
| 1997 | 2.42 billion current LCU | -42.5% |
| 1998 | 28.31 billion current LCU | +1071.6% |
| 1999 | 30.33 billion current LCU | +7.2% |
| 2000 | 31.68 billion current LCU | +4.5% |
| 2001 | 25.99 billion current LCU | -18.0% |
| 2002 | 26.66 billion current LCU | +2.5% |
| 2003 | 28.72 billion current LCU | +7.7% |
| 2004 | 28.72 billion current LCU | +0.0% |
| 2005 | 31.47 billion current LCU | +9.5% |
| 2006 | 34.13 billion current LCU | +8.5% |
| 2007 | 37.64 billion current LCU | +10.3% |
| 2008 | 249.98 billion current LCU | +564.1% |
| 2009 | 64.16 billion current LCU | -74.3% |
| 2010 | 82.71 billion current LCU | +28.9% |
| 2011 | 80.10 billion current LCU | -3.2% |
| 2012 | 66.80 billion current LCU | -16.6% |
| 2013 | 59.85 billion current LCU | -10.4% |
| 2014 | 93.73 billion current LCU | +56.6% |
| 2015 | 80.32 billion current LCU | -14.3% |
| 2016 | 193.88 billion current LCU | +141.4% |
| 2017 | 75.80 billion current LCU | -60.9% |
| 2018 | 81.02 billion current LCU | +6.9% |
| 2019 | 85.62 billion current LCU | +5.7% |
| 2020 | 122.22 billion current LCU | +42.7% |
| 2021 | 119.16 billion current LCU | -2.5% |
| 2022 | 114.78 billion current LCU | -3.7% |
| 2023 | 148.12 billion current LCU | +29.0% |
Iceland compared with similar countries
- Iceland's 148.12 billion current LCU is above the median for high income countries, which is 13.99 billion current LCU, 10.6× the median. (56 countries reporting)
- Iceland's 148.12 billion current LCU is above the median for Europe & Central Asia, which is 17.49 billion current LCU, 8.5× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Other expense 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 |
|---|---|---|---|
| 1998 | +1071.6% | 2.42 billion current LCU | 28.31 billion current LCU |
| 2008 | +564.1% | 37.64 billion current LCU | 249.98 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.46 billion current LCU | 2.42 billion current LCU | 30.33 billion current LCU | 10 |
| 2000s | 55.92 billion current LCU | 25.99 billion current LCU | 249.98 billion current LCU | 10 |
| 2010s | 89.98 billion current LCU | 59.85 billion current LCU | 193.88 billion current LCU | 10 |
| 2020s | 126.07 billion current LCU | 114.78 billion current LCU | 148.12 billion current LCU | 4 |
Countries ranked near Iceland
More public sector data for Iceland
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is other expense in Iceland?
- Other expense in Iceland was 148.12 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other expense recorded in Iceland?
- The highest recorded value was 249.98 billion current LCU in 2008.
- What is the lowest other expense recorded in Iceland?
- The lowest recorded value was 2.42 billion current LCU in 1997.
- How does Iceland rank for other expense?
- Iceland ranks 40th out of 149 countries with data for 2023.
- Is other expense rising or falling in Iceland?
- Over the last ten years it is up 147.5%. The long-run trend across the full record is volatile.
- 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 Other expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.