Vertical fiscal imbalance, Percent in Iceland
Iceland: Vertical fiscal imbalance, Percent was -0.2346 in 2020. ◆ Volatile
Vertical fiscal imbalance, Percent in Iceland, 1990–2020
Source: International Monetary Fund.
Analysis
The most recent figure for vertical fiscal imbalance, percent in Iceland is -0.2346, measured in 2020.
Compared with earlier readings it is up 46.1% on the previous year and down 84.0% over ten years.
Over the whole period, vertical fiscal imbalance, percent in Iceland peaked at 0.0754 in 2008 and was at its lowest, -0.7986, in 2016.
That places Iceland 48th out of 64 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.
Vertical fiscal imbalance, Percent in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | -0.164 | — |
| 1991 | -0.0751 | -54.2% |
| 1992 | -0.1124 | +49.6% |
| 1993 | -0.0996 | -11.4% |
| 1994 | -0.1065 | +7.0% |
| 1995 | -0.1381 | +29.6% |
| 1996 | -0.1944 | +40.8% |
| 1997 | -0.2569 | +32.2% |
| 1998 | -0.3645 | +41.9% |
| 1999 | -0.423 | +16.0% |
| 2000 | -0.4366 | +3.2% |
| 2001 | -0.3166 | -27.5% |
| 2002 | -0.2955 | -6.7% |
| 2003 | -0.2961 | +0.2% |
| 2004 | -0.4339 | +46.5% |
| 2005 | -0.5313 | +22.4% |
| 2006 | -0.569 | +7.1% |
| 2007 | -0.5185 | -8.9% |
| 2008 | 0.0754 | -114.5% |
| 2009 | -0.0676 | -189.6% |
| 2010 | -0.1275 | +88.6% |
| 2011 | -0.1159 | -9.1% |
| 2012 | -0.265 | +128.6% |
| 2013 | -0.3257 | +22.9% |
| 2014 | -0.4135 | +27.0% |
| 2015 | -0.376 | -9.1% |
| 2016 | -0.7986 | +112.4% |
| 2017 | -0.5158 | -35.4% |
| 2018 | -0.4944 | -4.1% |
| 2019 | -0.435 | -12.0% |
| 2020 | -0.2346 | -46.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.1935 | -0.423 | -0.0751 | 10 |
| 2000s | -0.3389 | -0.569 | 0.0754 | 10 |
| 2010s | -0.3867 | -0.7986 | -0.1159 | 10 |
| 2020s | -0.2346 | -0.2346 | -0.2346 | 1 |
Countries ranked near Iceland
- 45 Ukraine -0.1743 compare
- 46 Kyrgyzstan -0.183 compare
- 47 Kenya -0.2002 compare
- 49 Azerbaijan -0.2522 compare
- 50 South Africa -0.2585 compare
- 51 Uzbekistan -0.2646 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 vertical fiscal imbalance, percent in Iceland?
- Vertical fiscal imbalance, percent in Iceland was -0.2346 in 2020, according to International Monetary Fund.
- What is the highest vertical fiscal imbalance, percent recorded in Iceland?
- The highest recorded value was 0.0754 in 2008.
- What is the lowest vertical fiscal imbalance, percent recorded in Iceland?
- The lowest recorded value was -0.7986 in 2016.
- How does Iceland rank for vertical fiscal imbalance, percent?
- Iceland ranks 48th out of 64 countries with data for 2020.
- Is vertical fiscal imbalance, percent rising or falling in Iceland?
- Over the last ten years it is down 84.0%. 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 Vertical fiscal imbalance, 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.