Subsidies, payable, Ratio of this level of government's expenditure in Iceland
Iceland: Subsidies, payable, Ratio of this level of government's expenditure was 0.9772 in 2020. ▲ Rising
Subsidies, payable, Ratio of this level of government's expenditure in Iceland, 1998–2020
Source: International Monetary Fund.
Analysis
Iceland recorded 0.9772 for subsidies, payable, ratio of this level of government's expenditure in 2020. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 1.1% over ten years.
Over the whole period, subsidies, payable, ratio of this level of government's expenditure in Iceland peaked at 0.9772 in 2020 and was at its lowest, 0.8286, in 1998.
Iceland ranks 20th of 75 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Subsidies, payable, Ratio of this level of government's expenditure in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 0.8286 | — |
| 1999 | 0.8722 | +5.3% |
| 2000 | 0.8405 | -3.6% |
| 2001 | 0.8659 | +3.0% |
| 2002 | 0.8748 | +1.0% |
| 2003 | 0.8704 | -0.5% |
| 2004 | 0.8673 | -0.4% |
| 2005 | 0.9359 | +7.9% |
| 2006 | 0.9212 | -1.6% |
| 2007 | 0.9289 | +0.8% |
| 2008 | 0.9367 | +0.8% |
| 2009 | 0.9669 | +3.2% |
| 2010 | 0.967 | +0.0% |
| 2011 | 0.9281 | -4.0% |
| 2012 | 0.9177 | -1.1% |
| 2013 | 0.9244 | +0.7% |
| 2014 | 0.9602 | +3.9% |
| 2015 | 0.9601 | -0.0% |
| 2016 | 0.9716 | +1.2% |
| 2017 | 0.9661 | -0.6% |
| 2018 | 0.9612 | -0.5% |
| 2019 | 0.9665 | +0.6% |
| 2020 | 0.9772 | +1.1% |
Iceland compared with similar countries
- Iceland's 0.9772 is above the median for high income countries, which is 0.7517, 1.3× the median. (42 countries reporting)
- Iceland's 0.9772 is above the median for Europe & Central Asia, which is 0.7742, 1.3× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8504 | 0.8286 | 0.8722 | 2 |
| 2000s | 0.9009 | 0.8405 | 0.9669 | 10 |
| 2010s | 0.9523 | 0.9177 | 0.9716 | 10 |
| 2020s | 0.9772 | 0.9772 | 0.9772 | 1 |
Countries ranked near Iceland
- 17 Rwanda 0.984 compare
- 18 Cape Verde 0.9835 compare
- 19 Indonesia 0.979 compare
- 21 Azerbaijan 0.9756 compare
- 22 Luxembourg 0.9706 compare
- 23 Greece 0.9567 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 subsidies, payable, ratio of this level of government's expenditure in Iceland?
- Subsidies, payable, ratio of this level of government's expenditure in Iceland was 0.9772 in 2020, according to International Monetary Fund.
- What is the highest subsidies, payable, ratio of this level of government's expenditure recorded in Iceland?
- The highest recorded value was 0.9772 in 2020.
- What is the lowest subsidies, payable, ratio of this level of government's expenditure recorded in Iceland?
- The lowest recorded value was 0.8286 in 1998.
- How does Iceland rank for subsidies, payable, ratio of this level of government's expenditure?
- Iceland ranks 20th out of 75 countries with data for 2020.
- Is subsidies, payable, ratio of this level of government's expenditure rising or falling in Iceland?
- Over the last ten years it is up 1.1%. 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 Subsidies, payable, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.