Iceland recorded a Government Budget deficit equal to 8.90 percent of the country's Gross Domestic Product in 2021. source: Icelandic Ministry of Finance

Government Budget in Iceland averaged -1.39 percent of GDP from 1980 until 2021, reaching an all time high of 12.50 percent of GDP in 2016 and a record low of -12.10 percent of GDP in 2008. This page provides - Iceland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Budget - values, historical data and charts - was last updated on June of 2022.

Government Budget in Iceland is expected to reach -8.70 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Budget is projected to trend around -8.70 percent of GDP in 2023 and -6.20 percent of GDP in 2024, according to our econometric models.

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Iceland Government Budget



Related Last Previous Unit Reference
Government Budget -8.90 -8.70 percent of GDP Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-8.90 -8.70 12.50 -12.10 1980 - 2021 percent of GDP Yearly