Transfer dependency method 1, Ratio of net transfers to own spending in Iceland
Iceland: Transfer dependency method 1, Ratio of net transfers to own spending was -0.573 in 2020. ◆ Volatile
Transfer dependency method 1, Ratio of net transfers to own spending in Iceland, 1990–2020
Source: International Monetary Fund.
Analysis
Iceland recorded -0.573 for transfer dependency method 1, ratio of net transfers to own spending in 2020. That is the lowest value across all 31 years on record.
Compared with earlier readings it is down 18.0% on the previous year and down 68.3% over ten years.
Over the whole period, transfer dependency method 1, ratio of net transfers to own spending in Iceland peaked at -0.0379 in 1990 and was at its lowest, -0.573, in 2020.
Iceland ranks 48th of 64 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.
Transfer dependency method 1, Ratio of net transfers to own spending in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | -0.0379 | — |
| 1991 | -0.0381 | +0.6% |
| 1992 | -0.039 | +2.3% |
| 1993 | -0.039 | +0.1% |
| 1994 | -0.0404 | +3.4% |
| 1995 | -0.0399 | -1.2% |
| 1996 | -0.0655 | +64.3% |
| 1997 | -0.0626 | -4.4% |
| 1998 | -0.3192 | +409.8% |
| 1999 | -0.3198 | +0.2% |
| 2000 | -0.3335 | +4.3% |
| 2001 | -0.3364 | +0.9% |
| 2002 | -0.3487 | +3.7% |
| 2003 | -0.3702 | +6.2% |
| 2004 | -0.3903 | +5.4% |
| 2005 | -0.3474 | -11.0% |
| 2006 | -0.3465 | -0.3% |
| 2007 | -0.3504 | +1.1% |
| 2008 | -0.193 | -44.9% |
| 2009 | -0.2863 | +48.4% |
| 2010 | -0.3404 | +18.9% |
| 2011 | -0.3397 | -0.2% |
| 2012 | -0.3457 | +1.8% |
| 2013 | -0.3695 | +6.9% |
| 2014 | -0.3649 | -1.3% |
| 2015 | -0.3686 | +1.0% |
| 2016 | -0.3348 | -9.2% |
| 2017 | -0.4157 | +24.2% |
| 2018 | -0.4352 | +4.7% |
| 2019 | -0.4855 | +11.5% |
| 2020 | -0.573 | +18.0% |
Iceland compared with similar countries
- Iceland's -0.573 is below the median for high income countries, which is -0.3052, 1.9× the median. (27 countries reporting)
- Iceland's -0.573 is below the median for Europe & Central Asia, which is -0.4039, 1.4× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Transfer dependency method 1, Ratio of net transfers to own spending 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 |
|---|---|---|---|
| 1998 | -409.8% | -0.0626 | -0.3192 |
| 1996 | -64.3% | -0.0399 | -0.0655 |
| 2008 | +44.9% | -0.3504 | -0.193 |
| 2009 | -48.4% | -0.193 | -0.2863 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.1001 | -0.3198 | -0.0379 | 10 |
| 2000s | -0.3303 | -0.3903 | -0.193 | 10 |
| 2010s | -0.38 | -0.4855 | -0.3348 | 10 |
| 2020s | -0.573 | -0.573 | -0.573 | 1 |
Countries ranked near Iceland
- 45 South Korea -0.4899 compare
- 46 Lithuania -0.4921 compare
- 47 North Macedonia -0.5494 compare
- 49 Russia -0.609 compare
- 50 Kazakhstan -0.6181 compare
- 51 Serbia -0.6287 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)
- 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 transfer dependency method 1, ratio of net transfers to own spending in Iceland?
- Transfer dependency method 1, ratio of net transfers to own spending in Iceland was -0.573 in 2020, according to International Monetary Fund.
- What is the highest transfer dependency method 1, ratio of net transfers to own spending recorded in Iceland?
- The highest recorded value was -0.0379 in 1990.
- What is the lowest transfer dependency method 1, ratio of net transfers to own spending recorded in Iceland?
- The lowest recorded value was -0.573 in 2020.
- How does Iceland rank for transfer dependency method 1, ratio of net transfers to own spending?
- Iceland ranks 48th out of 64 countries with data for 2020.
- Is transfer dependency method 1, ratio of net transfers to own spending rising or falling in Iceland?
- Over the last ten years it is down 68.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Transfer dependency method 1, Ratio of net transfers to own spending, 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.