Fiscal Expenditure in Iceland decreased to 374.50 ISK Billion in the first quarter of 2021 from 393.60 ISK Billion in the fourth quarter of 2020. source: Statistics Iceland

Fiscal Expenditure in Iceland averaged 218.12 ISK Billion from 2004 until 2021, reaching an all time high of 393.60 ISK Billion in the fourth quarter of 2020 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 August of 2021.

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 2022 and 271.47 ISK Billion in 2023, according to our econometric models.

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Iceland Fiscal Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
374.50 393.60 393.60 97.80 2004 - 2021 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 of GDP [+]
Government Budget -7.30 -1.50 12.50 -12.10 percent of GDP [+]
Government Budget Value -58.10 -33.20 373.20 -206.30 ISK Billion [+]
Government Spending 156606.00 162886.00 162886.00 43717.00 ISK Million [+]
Government Spending to GDP 49.70 43.40 63.40 34.10 percent of GDP [+]
Government Revenues 316.40 360.50 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 374.50 393.60 393.60 97.80 ISK Billion [+]
Credit Rating 75.00 [+]
Asylum Applications 30.00 20.00 255.00 5.00 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.