Other expense, Ratio of this level of government's expenditure on in Iceland
Iceland: Other expense, Ratio of this level of government's expenditure on was 0.7795 in 2020. ▼ Falling
Other expense, Ratio of this level of government's expenditure on in Iceland, 1998–2020
Source: International Monetary Fund.
Analysis
Iceland recorded 0.7795 for other expense, ratio of this level of government's expenditure on in 2020.
The figure is up 9.4% on the previous year and down 6.1% over ten years.
Over the whole period, other expense, ratio of this level of government's expenditure on in Iceland peaked at 0.9563 in 2008 and was at its lowest, 0.4366, in 2017.
Iceland ranks 34th of 64 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Other expense, Ratio of this level of government's expenditure on in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 0.872 | — |
| 1999 | 0.8804 | +1.0% |
| 2000 | 0.881 | +0.1% |
| 2001 | 0.8794 | -0.2% |
| 2002 | 0.8338 | -5.2% |
| 2003 | 0.7973 | -4.4% |
| 2004 | 0.7673 | -3.8% |
| 2005 | 0.7195 | -6.2% |
| 2006 | 0.6875 | -4.4% |
| 2007 | 0.6779 | -1.4% |
| 2008 | 0.9563 | +41.1% |
| 2009 | 0.701 | -26.7% |
| 2010 | 0.8297 | +18.4% |
| 2011 | 0.8407 | +1.3% |
| 2012 | 0.775 | -7.8% |
| 2013 | 0.6982 | -9.9% |
| 2014 | 0.853 | +22.2% |
| 2015 | 0.8195 | -3.9% |
| 2016 | 0.9211 | +12.4% |
| 2017 | 0.4366 | -52.6% |
| 2018 | 0.738 | +69.0% |
| 2019 | 0.7128 | -3.4% |
| 2020 | 0.7795 | +9.4% |
Iceland compared with similar countries
- Iceland's 0.7795 is above the median for high income countries, which is 0.6358, 1.2× the median. (27 countries reporting)
- Iceland's 0.7795 is above the median for Europe & Central Asia, which is 0.7658, 1.0× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Other expense, Ratio of this level of government's expenditure on 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 |
|---|---|---|---|
| 2018 | +69.0% | 0.4366 | 0.738 |
| 2017 | -52.6% | 0.9211 | 0.4366 |
| 2008 | +41.1% | 0.6779 | 0.9563 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8762 | 0.872 | 0.8804 | 2 |
| 2000s | 0.7901 | 0.6779 | 0.9563 | 10 |
| 2010s | 0.7625 | 0.4366 | 0.9211 | 10 |
| 2020s | 0.7795 | 0.7795 | 0.7795 | 1 |
Countries ranked near Iceland
- 31 Estonia 0.8132 compare
- 32 Norway 0.8077 compare
- 33 Rwanda 0.8061 compare
- 35 Kyrgyzstan 0.7696 compare
- 36 Uzbekistan 0.7658 compare
- 37 Bosnia and Herzegovina 0.7468 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 other expense, ratio of this level of government's expenditure on in Iceland?
- Other expense, ratio of this level of government's expenditure on in Iceland was 0.7795 in 2020, according to International Monetary Fund.
- What is the highest other expense, ratio of this level of government's expenditure on recorded in Iceland?
- The highest recorded value was 0.9563 in 2008.
- What is the lowest other expense, ratio of this level of government's expenditure on recorded in Iceland?
- The lowest recorded value was 0.4366 in 2017.
- How does Iceland rank for other expense, ratio of this level of government's expenditure on?
- Iceland ranks 34th out of 64 countries with data for 2020.
- Is other expense, ratio of this level of government's expenditure on rising or falling in Iceland?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Other expense, 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.