Budget balance in Iceland in 2031 — 0%. Ranked 31 in the world out of 188. Since 1980, the indicator has fallen by 1.3 pp.
1980–2031 · % of GDP
How the value compares with the world and the groups this territory belongs to: Iceland
| Year | % | Change, pp |
|---|---|---|
| 2031 | 0 | +0.1 pp |
| 2030 | -0.1 | +0 pp |
| 2029 | -0.1 | +0.1 pp |
| 2028 | -0.2 | +0.3 pp |
| 2027 | -0.5 | +0.6 pp |
| 2026 | -1.1 | +1.7 pp |
| 2025 | -2.8 | +0.9 pp |
| 2024 | -3.7 | −1.4 pp |
| 2023 | -2.3 | +1.5 pp |
| 2022 | -3.8 | +4.2 pp |
| 2021 | -8 | +0.8 pp |
| 2020 | -8.8 | −7.4 pp |
| 2019 | -1.4 | −2.4 pp |
| 2018 | 1 | −0.3 pp |
| 2017 | 1.3 | −11.4 pp |
| 2016 | 12.7 | +12.8 pp |
| 2015 | -0.1 | −0.7 pp |
| 2014 | 0.6 | +1.5 pp |
| 2013 | -0.9 | +1.7 pp |
| 2012 | -2.6 | +3.8 pp |
| 2011 | -6.4 | +0.2 pp |
| 2010 | -6.6 | +1.9 pp |
| 2009 | -8.5 | +3.5 pp |
| 2008 | -12 | −17.6 pp |
| 2007 | 5.6 | −0.8 pp |
| 2006 | 6.4 | +1.4 pp |
| 2005 | 5 | +4.7 pp |
| 2004 | 0.3 | +2.6 pp |
| 2003 | -2.3 | −0.1 pp |
| 2002 | -2.2 | −1.9 pp |
| 2001 | -0.3 | −1.7 pp |
| 2000 | 1.4 | +0.1 pp |
| 1999 | 1.3 | +1.9 pp |
| 1998 | -0.6 | −0.6 pp |
| 1997 | 0 | +1.5 pp |
| 1996 | -1.5 | +1.3 pp |
| 1995 | -2.8 | +1.6 pp |
| 1994 | -4.4 | −0.2 pp |
| 1993 | -4.2 | −2.4 pp |
| 1992 | -1.8 | −1.2 pp |
| 1991 | -0.6 | +2.5 pp |
| 1990 | -3.1 | +1.1 pp |
| 1989 | -4.2 | −2.3 pp |
| 1988 | -1.9 | −1.1 pp |
| 1987 | -0.8 | +3 pp |
| 1986 | -3.8 | −2.3 pp |
| 1985 | -1.5 | −3.7 pp |
| 1984 | 2.2 | +4.1 pp |
| 1983 | -1.9 | −3.6 pp |
| 1982 | 1.7 | +0.4 pp |
| 1981 | 1.3 | +0 pp |
| 1980 | 1.3 | — |
The same indicator for neighboring countries — with links to their pages
Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.
Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.
Source: World Economic Outlook (IMF), license IMF open data.
Gross general government debt as a percent of GDP.
Public Finance Government revenueHow much the state collects in a year — all revenue except foreign grants.
Public Finance Government expenseHow much the state spends in a year — including wages, pensions, benefits and interest on debt.
Finance Current account balance in US dollarsHow much more a country receives from abroad than it pays out there. A minus means it pays more.
