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% |
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 Republic of Korea -0.4899 compare
- 46 Lithuania -0.4921 compare
- 47 North Macedonia -0.5494 compare
- 49 Russian Federation -0.609 compare
- 50 Kazakhstan -0.6181 compare
- 51 Serbia -0.6287 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 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.
Download this data
CSV · JSON — 31 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.