Iceland Government Budget

Iceland recorded a Government Budget surplus equal to 1.10 percent of the country's Gross Domestic Product in 2018. Government Budget in Iceland averaged -1.32 percent of GDP from 1980 until 2018, reaching an all time high of 12.40 percent of GDP in 2016 and a record low of -12.90 percent of GDP in 2008.

Government Budget in Iceland is expected to be 1.00 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Budget is projected to trend around 0.90 percent of GDP in 2020, according to our econometric models.

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Iceland Government	Last	Previous	Highest	Lowest	Unit
Government Debt to GDP	37.70	43.10	92.10	23.03	percent	[+]
Government Budget	1.10	0.50	12.40	-12.90	percent of GDP	[+]
Government Budget Value	6.10	1.90	373.20	-206.30	ISK Billion	[+]
Government Spending	79869.00	76637.00	79869.00	43717.00	ISK Million	[+]
Government Spending to GDP	41.70	43.30	54.50	34.10	percent	[+]
Government Revenues	308.50	287.70	620.20	96.70	ISK Billion	[+]
Fiscal Expenditure	302.30	285.80	370.50	97.80	ISK Billion	[+]
Credit Rating	55.45					[+]
Asylum Applications	75.00	70.00	255.00	5.00	persons	[+]

Iceland Government Budget

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Iceland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Budget - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.10	0.50	12.40	-12.90	1980 - 2018	percent of GDP	Yearly

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Country	Last		Previous	Range
Argentina	-5.50	Dec/18	-6.1	3.7 : -6.4	%
Australia	-0.60	Dec/18	-1.9	2.2 : -4.2	%
Brazil	-7.10	Dec/18	-7.8	-2 : -10.2	%
Canada	-0.70	Dec/18	-0.9	5.1 : -8.1	%
China	-4.20	Dec/18	-3.7	0.58 : -4.2	%
Euro Area	-0.50	Dec/18	-1	-0.5 : -7.4	%
France	-2.50	Dec/18	-2.8	1.5 : -7.2	%
Germany	1.70	Dec/18	1	1.7 : -9.4	%
India	-3.42	Dec/18	-3.53	-2.53 : -8.13	%
Indonesia	-1.76	Dec/18	-2.51	3.02 : -2.58	%
Italy	-2.10	Dec/18	-2.4	-1.5 : -7.3	%
Japan	-3.80	Dec/18	-4.8	2.58 : -8.3	%
Mexico	-2.00	Dec/18	-1.1	3.3 : -3.4	%
Netherlands	1.50	Dec/18	1.2	1.5 : -8.7	%
Russia	2.70	Dec/18	-1.5	9.88 : -7.9	%
Saudi Arabia	-9.20	Dec/18	-8.9	43.17 : -25.27	%
Singapore	0.40	Dec/18	0.3	21.23 : -1.2	%
South Africa	-4.40	Dec/18	-4.4	1 : -7.4	%
South Korea	-1.60	Dec/18	-1.1	3.47 : -4.1	%
Spain	-2.50	Dec/18	-3.1	2.2 : -11	%
Switzerland	1.30	Dec/18	1.2	1.9 : -3.2	%
Turkey	-2.00	Dec/18	-1.5	-0.6 : -33	%
United Kingdom	-2.00	Dec/18	-2.3	4.8 : -9.9	%
United States	-3.80	Dec/18	-3.5	4.5 : -9.8	%