Fiscal Expenditure in Iceland increased to 358 ISK Billion in the second quarter of 2020 from 300.30 ISK Billion in the first quarter of 2020.

Fiscal Expenditure in Iceland averaged 210.83 ISK Billion from 2004 until 2020, reaching an all time high of 370.50 ISK Billion in the fourth quarter of 2016 and a record low of 97.80 ISK Billion in the first quarter of 2004. This page provides - Iceland Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Fiscal Expenditure - values, historical data and charts - was last updated on October of 2020.

Fiscal Expenditure in Iceland is expected to be 271.39 ISK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Fiscal Expenditure in Iceland to stand at 271.80 in 12 months time. In the long-term, the Iceland Fiscal Expenditure is projected to trend around 271.52 ISK Billion in 2021 and 271.47 ISK Billion in 2022, according to our econometric models.

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Iceland Fiscal Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
358.00 300.30 370.50 97.80 2004 - 2020 ISK Billion Quarterly
Current Prices, NSA

Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.00 37.40 92.10 23.03 percent [+]
Government Budget -1.00 0.80 12.40 -12.90 percent of GDP [+]
Government Budget Value -78.40 -32.20 373.20 -206.30 ISK Billion [+]
Government Spending 83085.00 78582.00 83594.00 43717.00 ISK Million [+]
Government Spending to GDP 41.90 42.30 54.50 34.10 percent [+]
Government Revenues 279.70 268.10 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 358.00 300.30 370.50 97.80 ISK Billion [+]
Credit Rating 75.00 [+]
Asylum Applications 60.00 95.00 255.00 0.00 persons [+]


Iceland Fiscal Expenditure
Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation.