Revenue, excluding grants (current LCU), annual growth rate in Iceland
Iceland: Revenue, excluding grants (current LCU), annual growth rate was 13.65 % change on previous year in 2023. ◆ Volatile
Revenue, excluding grants (current LCU), annual growth rate in Iceland, 1973–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, revenue, excluding grants (current lcu), annual growth rate in Iceland stood at 13.65 % change on previous year.
Compared with earlier readings it is down 51.2% on the previous year and up 156.6% over ten years.
Over the whole period, revenue, excluding grants (current lcu), annual growth rate in Iceland peaked at 62.57 % change on previous year in 1983 and was at its lowest, -25.92 % change on previous year, in 2017.
Iceland ranks 53rd of 156 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.
Revenue, excluding grants (current LCU), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 40.54 % change on previous year | — |
| 1974 | 50.26 % change on previous year | +24.0% |
| 1975 | 41.38 % change on previous year | -17.7% |
| 1976 | 32.06 % change on previous year | -22.5% |
| 1977 | 39.96 % change on previous year | +24.7% |
| 1978 | 60.82 % change on previous year | +52.2% |
| 1979 | 52.98 % change on previous year | -12.9% |
| 1980 | 55.69 % change on previous year | +5.1% |
| 1981 | 61.95 % change on previous year | +11.2% |
| 1982 | 62.5 % change on previous year | +0.9% |
| 1983 | 62.57 % change on previous year | +0.1% |
| 1984 | 35.08 % change on previous year | -43.9% |
| 1985 | 32.17 % change on previous year | -8.3% |
| 1986 | 33.46 % change on previous year | +4.0% |
| 1987 | 29.21 % change on previous year | -12.7% |
| 1988 | 32.18 % change on previous year | +10.2% |
| 1989 | 29.66 % change on previous year | -7.8% |
| 1990 | 16 % change on previous year | -46.1% |
| 1991 | 8.93 % change on previous year | -44.2% |
| 1992 | 3.96 % change on previous year | -55.7% |
| 1993 | 0.3342 % change on previous year | -91.6% |
| 1994 | 5.93 % change on previous year | +1673.6% |
| 1995 | 4.87 % change on previous year | -17.9% |
| 1996 | 11.03 % change on previous year | +126.5% |
| 1997 | 2.66 % change on previous year | -75.9% |
| 1998 | 20.43 % change on previous year | +668.8% |
| 1999 | 15.41 % change on previous year | -24.6% |
| 2000 | 6.46 % change on previous year | -58.1% |
| 2001 | 5.56 % change on previous year | -13.9% |
| 2002 | 4.9 % change on previous year | -12.0% |
| 2003 | 5.9 % change on previous year | +20.5% |
| 2004 | 14.47 % change on previous year | +145.2% |
| 2005 | 33.8 % change on previous year | +133.6% |
| 2006 | 17.14 % change on previous year | -49.3% |
| 2007 | 10.37 % change on previous year | -39.5% |
| 2008 | 20.73 % change on previous year | +99.9% |
| 2009 | -12.37 % change on previous year | -159.7% |
| 2010 | -4.32 % change on previous year | -65.0% |
| 2011 | 9.22 % change on previous year | -313.3% |
| 2012 | 7.61 % change on previous year | -17.5% |
| 2013 | 5.32 % change on previous year | -30.1% |
| 2014 | 10.8 % change on previous year | +103.0% |
| 2015 | 1.82 % change on previous year | -83.1% |
| 2016 | 61.12 % change on previous year | +3251.7% |
| 2017 | -25.92 % change on previous year | -142.4% |
| 2018 | 5.19 % change on previous year | -120.0% |
| 2019 | -1.93 % change on previous year | -137.2% |
| 2020 | -6.27 % change on previous year | +225.1% |
| 2021 | 9.55 % change on previous year | -252.3% |
| 2022 | 27.97 % change on previous year | +192.9% |
| 2023 | 13.65 % change on previous year | -51.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 45.43 % change on previous year | 32.06 % change on previous year | 60.82 % change on previous year | 7 |
| 1980s | 43.45 % change on previous year | 29.21 % change on previous year | 62.57 % change on previous year | 10 |
| 1990s | 8.95 % change on previous year | 0.3342 % change on previous year | 20.43 % change on previous year | 10 |
| 2000s | 10.7 % change on previous year | -12.37 % change on previous year | 33.8 % change on previous year | 10 |
| 2010s | 6.89 % change on previous year | -25.92 % change on previous year | 61.12 % change on previous year | 10 |
| 2020s | 11.23 % change on previous year | -6.27 % change on previous year | 27.97 % change on previous year | 4 |
Countries ranked near Iceland
- 50 Paraguay 14.34 % change on previous year compare
- 51 Burkina Faso 14.02 % change on previous year compare
- 52 Australia 13.95 % change on previous year compare
- 54 Barbados 13.65 % change on previous year compare
- 55 Andorra 13.5 % change on previous year compare
- 56 Ecuador 13.07 % change on previous year 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 revenue, excluding grants (current lcu), annual growth rate in Iceland?
- Revenue, excluding grants (current lcu), annual growth rate in Iceland was 13.65 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest revenue, excluding grants (current lcu), annual growth rate recorded in Iceland?
- The highest recorded value was 62.57 % change on previous year in 1983.
- What is the lowest revenue, excluding grants (current lcu), annual growth rate recorded in Iceland?
- The lowest recorded value was -25.92 % change on previous year in 2017.
- How does Iceland rank for revenue, excluding grants (current lcu), annual growth rate?
- Iceland ranks 53rd out of 156 countries with data for 2023.
- Is revenue, excluding grants (current lcu), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 156.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Revenue, excluding grants (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Revenue, excluding grants (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Revenue, excluding grants Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Revenue, excluding grants (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.