Transfer dependency method 2, Ratio of net transfers to own revenue in Iceland
Iceland: Transfer dependency method 2, Ratio of net transfers to own revenue was -0.4641 in 2020. ◆ Volatile
Transfer dependency method 2, Ratio of net transfers to own revenue in Iceland, 1990–2020
Source: International Monetary Fund.
Analysis
The most recent figure for transfer dependency method 2, ratio of net transfers to own revenue in Iceland is -0.4641, measured in 2020. That is the lowest value across all 31 years on record.
That represents a change of down 37.2% on the previous year and down 53.7% over ten years.
Over the whole period, transfer dependency method 2, ratio of net transfers to own revenue in Iceland peaked at -0.0326 in 1990 and was at its lowest, -0.4641, in 2020.
That places Iceland 49th out of 66 countries with data for 2020, putting it 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 2, Ratio of net transfers to own revenue in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | -0.0326 | — |
| 1991 | -0.0354 | +8.9% |
| 1992 | -0.0351 | -1.1% |
| 1993 | -0.0355 | +1.3% |
| 1994 | -0.0365 | +2.7% |
| 1995 | -0.035 | -4.0% |
| 1996 | -0.0548 | +56.5% |
| 1997 | -0.0498 | -9.2% |
| 1998 | -0.2339 | +369.6% |
| 1999 | -0.2248 | -3.9% |
| 2000 | -0.2321 | +3.3% |
| 2001 | -0.2555 | +10.1% |
| 2002 | -0.2692 | +5.4% |
| 2003 | -0.2856 | +6.1% |
| 2004 | -0.2722 | -4.7% |
| 2005 | -0.2269 | -16.7% |
| 2006 | -0.2209 | -2.7% |
| 2007 | -0.2307 | +4.5% |
| 2008 | -0.2087 | -9.5% |
| 2009 | -0.2682 | +28.5% |
| 2010 | -0.3019 | +12.6% |
| 2011 | -0.3044 | +0.8% |
| 2012 | -0.2733 | -10.2% |
| 2013 | -0.2788 | +2.0% |
| 2014 | -0.2581 | -7.4% |
| 2015 | -0.2678 | +3.8% |
| 2016 | -0.1861 | -30.5% |
| 2017 | -0.2743 | +47.4% |
| 2018 | -0.2912 | +6.2% |
| 2019 | -0.3383 | +16.2% |
| 2020 | -0.4641 | +37.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.0773 | -0.2339 | -0.0326 | 10 |
| 2000s | -0.247 | -0.2856 | -0.2087 | 10 |
| 2010s | -0.2774 | -0.3383 | -0.1861 | 10 |
| 2020s | -0.4641 | -0.4641 | -0.4641 | 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 transfer dependency method 2, ratio of net transfers to own revenue in Iceland?
- Transfer dependency method 2, ratio of net transfers to own revenue in Iceland was -0.4641 in 2020, according to International Monetary Fund.
- What is the highest transfer dependency method 2, ratio of net transfers to own revenue recorded in Iceland?
- The highest recorded value was -0.0326 in 1990.
- What is the lowest transfer dependency method 2, ratio of net transfers to own revenue recorded in Iceland?
- The lowest recorded value was -0.4641 in 2020.
- How does Iceland rank for transfer dependency method 2, ratio of net transfers to own revenue?
- Iceland ranks 49th out of 66 countries with data for 2020.
- Is transfer dependency method 2, ratio of net transfers to own revenue rising or falling in Iceland?
- Over the last ten years it is down 53.7%. 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 2, Ratio of net transfers to own revenue, 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.