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% |
Iceland compared with similar countries
- Iceland's 13.65 % change on previous year is above the median for high income countries, which is 7.03 % change on previous year, 1.9× the median. (57 countries reporting)
- Iceland's 13.65 % change on previous year is above the median for Europe & Central Asia, which is 8.99 % change on previous year, 1.5× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Revenue, excluding grants (current LCU), annual growth rate 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 |
|---|---|---|---|
| 2016 | +3251.7% | 1.82 % change on previous year | 61.12 % change on previous year |
| 1994 | +1673.6% | 0.3342 % change on previous year | 5.93 % change on previous year |
| 1998 | +668.8% | 2.66 % change on previous year | 20.43 % change on previous year |
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
- Democracy, 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 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
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
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.