Revenue, General government, Percent of GDP in Iceland
Iceland: Revenue, General government, Percent of GDP was 42.8 in 2030. ▬ Flat
Revenue, General government, Percent of GDP in Iceland, 1991–2030
Source: International Monetary Fund.
Analysis
In 2030, revenue, general government, percent of gdp in Iceland stood at 42.8.
That represents a change of up 0.2% on the previous year and up 3.3% over ten years.
Over the whole period, revenue, general government, percent of gdp in Iceland peaked at 58.17 in 2016 and was at its lowest, 39.68, in 1998.
Iceland ranks 27th of 195 countries on this measure, in the top quarter.
Revenue, General government, Percent of GDP in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 42.19 | — |
| 1992 | 42.82 | +1.5% |
| 1993 | 40.75 | -4.8% |
| 1994 | 40.38 | -0.9% |
| 1995 | 41.5 | +2.8% |
| 1996 | 42.42 | +2.2% |
| 1997 | 41.35 | -2.5% |
| 1998 | 39.68 | -4.0% |
| 1999 | 46.07 | +16.1% |
| 2000 | 45.69 | -0.8% |
| 2001 | 46.64 | +2.1% |
| 2002 | 42.73 | -8.4% |
| 2003 | 44.94 | +5.2% |
| 2004 | 46.51 | +3.5% |
| 2005 | 49.15 | +5.7% |
| 2006 | 50.69 | +3.1% |
| 2007 | 49.64 | -2.1% |
| 2008 | 50.76 | +2.3% |
| 2009 | 44.8 | -11.7% |
| 2010 | 41.61 | -7.1% |
| 2011 | 43.51 | +4.6% |
| 2012 | 44.53 | +2.3% |
| 2013 | 44.39 | -0.3% |
| 2014 | 45.65 | +2.8% |
| 2015 | 42.63 | -6.6% |
| 2016 | 58.17 | +36.5% |
| 2017 | 44.79 | -23.0% |
| 2018 | 44.1 | -1.5% |
| 2019 | 41.47 | -6.0% |
| 2020 | 41.43 | -0.1% |
| 2021 | 40.38 | -2.5% |
| 2022 | 42 | +4.0% |
| 2023 | 42.72 | +1.7% |
| 2024 | 43.04 | +0.7% |
| 2025 | 43.62 | +1.3% |
| 2026 | 42.73 | -2.0% |
| 2027 | 42.57 | -0.4% |
| 2028 | 42.61 | +0.1% |
| 2029 | 42.73 | +0.3% |
| 2030 | 42.8 | +0.2% |
Iceland compared with similar countries
- Iceland's 42.8 is above the median for high income countries, which is 36.5, 1.2× the median. (66 countries reporting)
- Iceland's 42.8 is above the median for Europe & Central Asia, which is 40.65, 1.1× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Revenue, General government, Percent of GDP 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 | +36.5% | 42.63 | 58.17 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 41.91 | 39.68 | 46.07 | 9 |
| 2000s | 47.15 | 42.73 | 50.76 | 10 |
| 2010s | 45.09 | 41.47 | 58.17 | 10 |
| 2020s | 42.38 | 40.38 | 43.62 | 10 |
| 2030s | 42.8 | 42.8 | 42.8 | 1 |
Countries ranked near Iceland
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)
- Elected parliament, 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)
- 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)
Frequently asked questions
- What is revenue, general government, percent of gdp in Iceland?
- Revenue, general government, percent of gdp in Iceland was 42.8 in 2030, according to International Monetary Fund.
- What is the highest revenue, general government, percent of gdp recorded in Iceland?
- The highest recorded value was 58.17 in 2016.
- What is the lowest revenue, general government, percent of gdp recorded in Iceland?
- The lowest recorded value was 39.68 in 1998.
- How does Iceland rank for revenue, general government, percent of gdp?
- Iceland ranks 27th out of 195 countries with data for 2030.
- Is revenue, general government, percent of gdp rising or falling in Iceland?
- Over the last ten years it is up 3.3%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Revenue, General government, Percent of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
Fiscal Monitor (FM) 2025 October