Other expense in Iceland
Iceland: Other expense was 10.6% in 2023. ◆ Volatile
Other expense in Iceland, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for other expense in Iceland is 10.6%, measured in 2023.
Compared with earlier readings it is up 18.3% on the previous year and up 20.6% over ten years.
Over the whole period, other expense in Iceland peaked at 30.9% in 2008 and was at its lowest, 1.7%, in 1997.
Iceland ranks 40th of 147 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 | % of expense | Change |
|---|---|---|
| 1990 | 4.9% | — |
| 1991 | 5.4% | +9.5% |
| 1992 | 4.4% | -18.4% |
| 1993 | 2.6% | -39.8% |
| 1994 | 4.2% | +58.3% |
| 1995 | 2.0% | -52.5% |
| 1996 | 2.8% | +43.8% |
| 1997 | 1.7% | -41.8% |
| 1998 | 16.0% | +867.5% |
| 1999 | 15.6% | -2.4% |
| 2000 | 15.2% | -2.6% |
| 2001 | 11.0% | -28.0% |
| 2002 | 10.3% | -6.4% |
| 2003 | 10.3% | +0.0% |
| 2004 | 9.7% | -5.4% |
| 2005 | 8.9% | -8.3% |
| 2006 | 8.5% | -4.2% |
| 2007 | 8.4% | -1.7% |
| 2008 | 30.9% | +269.1% |
| 2009 | 9.5% | -69.4% |
| 2010 | 13.0% | +36.9% |
| 2011 | 11.8% | -8.9% |
| 2012 | 9.8% | -17.2% |
| 2013 | 8.8% | -10.3% |
| 2014 | 13.1% | +49.3% |
| 2015 | 10.8% | -17.5% |
| 2016 | 21.7% | +101.5% |
| 2017 | 9.1% | -58.0% |
| 2018 | 9.2% | +1.2% |
| 2019 | 9.1% | -1.3% |
| 2020 | 11.3% | +23.7% |
| 2021 | 10.3% | -8.4% |
| 2022 | 8.9% | -13.4% |
| 2023 | 10.6% | +18.3% |
Iceland compared with similar countries
- Iceland's 10.6% is above the median for high income countries, which is 9.4%, 1.1× the median. (55 countries reporting)
- Iceland's 10.6% is above the median for Europe & Central Asia, which is 7.5%, 1.4× the median. (47 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 | +867.5% | 1.7% | 16.0% |
| 2008 | +269.1% | 8.4% | 30.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.0% | 1.7% | 16.0% | 10 |
| 2000s | 12.3% | 8.4% | 30.9% | 10 |
| 2010s | 11.6% | 8.8% | 21.7% | 10 |
| 2020s | 10.3% | 8.9% | 11.3% | 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 10.6% 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 30.9% in 2008.
- What is the lowest other expense recorded in Iceland?
- The lowest recorded value was 1.7% in 1997.
- How does Iceland rank for other expense?
- Iceland ranks 40th out of 147 countries with data for 2023.
- Is other expense rising or falling in Iceland?
- Over the last ten years it is up 20.6%. 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.