Revenue, Transactions (Statement of operations, General government) in Iceland
Iceland: Revenue, Transactions (Statement of operations, General government) was 2.09 trillion in 2025. ▲ Rising
Revenue, Transactions in Iceland, 2002–2025
Source: International Monetary Fund.
Analysis
The most recent figure for revenue, transactions in Iceland is 2.09 trillion, measured in 2025. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 5.2% on the previous year and up 109.0% over ten years.
Over the whole period, revenue, transactions in Iceland peaked at 2.09 trillion in 2025 and was at its lowest, 369.32 billion, in 2002.
That places Iceland 10th out of 35 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Revenue, Transactions (Statement of operations, General government) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 369.32 billion | — |
| 2003 | 399.83 billion | +8.3% |
| 2004 | 456.37 billion | +14.1% |
| 2005 | 531.25 billion | +16.4% |
| 2006 | 629.49 billion | +18.5% |
| 2007 | 700.08 billion | +11.2% |
| 2008 | 815.74 billion | +16.5% |
| 2009 | 732.64 billion | -10.2% |
| 2010 | 709.44 billion | -3.2% |
| 2011 | 777.95 billion | +9.7% |
| 2012 | 834.05 billion | +7.2% |
| 2013 | 887.28 billion | +6.4% |
| 2014 | 968.26 billion | +9.1% |
| 2015 | 1.00 trillion | +3.4% |
| 2016 | 1.49 trillion | +48.9% |
| 2017 | 1.21 trillion | -19.0% |
| 2018 | 1.28 trillion | +6.3% |
| 2019 | 1.27 trillion | -0.8% |
| 2020 | 1.24 trillion | -2.5% |
| 2021 | 1.36 trillion | +9.2% |
| 2022 | 1.67 trillion | +23.3% |
| 2023 | 1.87 trillion | +12.2% |
| 2024 | 1.99 trillion | +6.1% |
| 2025 | 2.09 trillion | +5.2% |
Iceland compared with similar countries
- Iceland's 2.09 trillion is above the median for high income countries, which is 594.81 billion, 3.5× the median. (32 countries reporting)
- Iceland's 2.09 trillion is above the median for Europe & Central Asia, which is 510.30 billion, 4.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 579.34 billion | 369.32 billion | 815.74 billion | 8 |
| 2010s | 1.04 trillion | 709.44 billion | 1.49 trillion | 10 |
| 2020s | 1.70 trillion | 1.24 trillion | 2.09 trillion | 6 |
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, transactions in Iceland?
- Revenue, transactions in Iceland was 2.09 trillion in 2025, according to International Monetary Fund.
- What is the highest revenue, transactions recorded in Iceland?
- The highest recorded value was 2.09 trillion in 2025.
- What is the lowest revenue, transactions recorded in Iceland?
- The lowest recorded value was 369.32 billion in 2002.
- How does Iceland rank for revenue, transactions?
- Iceland ranks 10th out of 35 countries with data for 2025.
- Is revenue, transactions rising or falling in Iceland?
- Over the last ten years it is up 109.0%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Revenue, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.