Use of goods and services, Ratio of this level … total in Iceland
Iceland: Use of goods and services, Ratio of this level … total was 0.4429 in 2020. ▼ Falling
Use of goods and services, Ratio of this level of government's in Iceland, 1990–2020
Source: International Monetary Fund.
Analysis
In 2020, use of goods and services, ratio of this level of government's in Iceland stood at 0.4429. That is the lowest value across all 31 years on record.
The figure is down 0.4% on the previous year and down 11.3% over ten years.
Over the whole period, use of goods and services, ratio of this level of government's in Iceland peaked at 0.5434 in 2000 and was at its lowest, 0.4429, in 2020.
Iceland ranks 53rd of 79 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Use of goods and services, Ratio of this level … total in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.502 | — |
| 1991 | 0.5011 | -0.2% |
| 1992 | 0.4869 | -2.8% |
| 1993 | 0.4988 | +2.5% |
| 1994 | 0.4879 | -2.2% |
| 1995 | 0.4943 | +1.3% |
| 1996 | 0.4808 | -2.7% |
| 1997 | 0.501 | +4.2% |
| 1998 | 0.4886 | -2.5% |
| 1999 | 0.5269 | +7.8% |
| 2000 | 0.5434 | +3.1% |
| 2001 | 0.5423 | -0.2% |
| 2002 | 0.5192 | -4.3% |
| 2003 | 0.5113 | -1.5% |
| 2004 | 0.5196 | +1.6% |
| 2005 | 0.5323 | +2.5% |
| 2006 | 0.5346 | +0.4% |
| 2007 | 0.5207 | -2.6% |
| 2008 | 0.5111 | -1.8% |
| 2009 | 0.498 | -2.6% |
| 2010 | 0.4993 | +0.2% |
| 2011 | 0.4965 | -0.6% |
| 2012 | 0.4947 | -0.4% |
| 2013 | 0.4702 | -5.0% |
| 2014 | 0.4539 | -3.5% |
| 2015 | 0.4532 | -0.2% |
| 2016 | 0.452 | -0.3% |
| 2017 | 0.4544 | +0.5% |
| 2018 | 0.4483 | -1.3% |
| 2019 | 0.4446 | -0.8% |
| 2020 | 0.4429 | -0.4% |
Iceland compared with similar countries
- Iceland's 0.4429 is below the median for high income countries, which is 0.4675, 95% of the median. (42 countries reporting)
- Iceland's 0.4429 is below the median for Europe & Central Asia, which is 0.5393, 82% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4968 | 0.4808 | 0.5269 | 10 |
| 2000s | 0.5233 | 0.498 | 0.5434 | 10 |
| 2010s | 0.4667 | 0.4446 | 0.4993 | 10 |
| 2020s | 0.4429 | 0.4429 | 0.4429 | 1 |
Countries ranked near Iceland
- 50 Indonesia 0.4934 compare
- 51 South Korea 0.4876 compare
- 52 Costa Rica 0.4474 compare
- 54 Poland 0.4339 compare
- 55 Uzbekistan 0.4267 compare
- 56 Romania 0.4246 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 use of goods and services, ratio of this level of government's in Iceland?
- Use of goods and services, ratio of this level of government's in Iceland was 0.4429 in 2020, according to International Monetary Fund.
- What is the highest use of goods and services, ratio of this level of government's recorded in Iceland?
- The highest recorded value was 0.5434 in 2000.
- What is the lowest use of goods and services, ratio of this level of government's recorded in Iceland?
- The lowest recorded value was 0.4429 in 2020.
- How does Iceland rank for use of goods and services, ratio of this level of government's?
- Iceland ranks 53rd out of 79 countries with data for 2020.
- Is use of goods and services, ratio of this level of government's rising or falling in Iceland?
- Over the last ten years it is down 11.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Use of goods and services, 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.