Revenue, General government, Percent of GDP in Iceland
Iceland: Revenue, General government, Percent of GDP was 42.8 in 2030. ▬ Flat
Latest (2030)
42.8
Change on year
up 0.2%
World rank
27th
of 195 countries
All-time high
58.17
in 2016
All-time low
39.68
in 1998
Years of data
40
1991–2030
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% |
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
- 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, 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.
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About this data
Fiscal Monitor (FM) 2025 October