Africa's Development Dynamics (AfDD) Table 16 - Public finances in Iceland
Iceland: Africa's Development Dynamics (AfDD) Table 16 - Public finances was 42.49 Percentage of GDP in 2029. ▼ Falling
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Iceland, 2000–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Iceland recorded 42.49 Percentage of GDP for africa's development dynamics (afdd) table 16 - public finances in 2029. That is the lowest value across all 30 years on record.
The figure is down 2.5% over ten years.
Over the whole period, africa's development dynamics (afdd) table 16 - public finances in Iceland peaked at 63.39 Percentage of GDP in 2008 and was at its lowest, 42.49 Percentage of GDP, in 2028.
Iceland ranks 28th of 166 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Iceland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 44.83 Percentage of GDP | — |
| 2001 | 47.42 Percentage of GDP | +5.8% |
| 2002 | 45.46 Percentage of GDP | -4.1% |
| 2003 | 47.79 Percentage of GDP | +5.1% |
| 2004 | 46.69 Percentage of GDP | -2.3% |
| 2005 | 45 Percentage of GDP | -3.6% |
| 2006 | 44.84 Percentage of GDP | -0.4% |
| 2007 | 44.75 Percentage of GDP | -0.2% |
| 2008 | 63.39 Percentage of GDP | +41.7% |
| 2009 | 53.58 Percentage of GDP | -15.5% |
| 2010 | 48.8 Percentage of GDP | -8.9% |
| 2011 | 50.54 Percentage of GDP | +3.6% |
| 2012 | 47.73 Percentage of GDP | -5.5% |
| 2013 | 45.97 Percentage of GDP | -3.7% |
| 2014 | 45.83 Percentage of GDP | -0.3% |
| 2015 | 43.47 Percentage of GDP | -5.1% |
| 2016 | 46.44 Percentage of GDP | +6.8% |
| 2017 | 44.41 Percentage of GDP | -4.4% |
| 2018 | 43.85 Percentage of GDP | -1.3% |
| 2019 | 43.58 Percentage of GDP | -0.6% |
| 2020 | 51.1 Percentage of GDP | +17.3% |
| 2021 | 49.53 Percentage of GDP | -3.1% |
| 2022 | 46.49 Percentage of GDP | -6.1% |
| 2023 | 45.12 Percentage of GDP | -2.9% |
| 2024 | 45.05 Percentage of GDP | -0.2% |
| 2025 | 43.76 Percentage of GDP | -2.9% |
| 2026 | 42.71 Percentage of GDP | -2.4% |
| 2027 | 42.49 Percentage of GDP | -0.5% |
| 2028 | 42.49 Percentage of GDP | +0.0% |
| 2029 | 42.49 Percentage of GDP | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 48.37 Percentage of GDP | 44.75 Percentage of GDP | 63.39 Percentage of GDP | 10 |
| 2010s | 46.06 Percentage of GDP | 43.47 Percentage of GDP | 50.54 Percentage of GDP | 10 |
| 2020s | 45.12 Percentage of GDP | 42.49 Percentage of GDP | 51.1 Percentage of GDP | 10 |
Countries ranked near Iceland
- 25 Norway 44.08 Percentage of GDP compare
- 26 United Kingdom 43.06 Percentage of GDP compare
- 27 Ukraine 43.03 Percentage of GDP compare
- 28 Ethiopia 11.18 Percentage of GDP compare
- 29 Czechia 42.4 Percentage of GDP compare
- 30 Portugal 42.34 Percentage of GDP compare
- 31 Dominica 42.23 Percentage of GDP compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 16 - public finances in Iceland?
- Africa's development dynamics (afdd) table 16 - public finances in Iceland was 42.49 Percentage of GDP in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 16 - public finances recorded in Iceland?
- The highest recorded value was 63.39 Percentage of GDP in 2008.
- What is the lowest africa's development dynamics (afdd) table 16 - public finances recorded in Iceland?
- The lowest recorded value was 42.49 Percentage of GDP in 2028.
- How does Iceland rank for africa's development dynamics (afdd) table 16 - public finances?
- Iceland ranks 28th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 16 - public finances rising or falling in Iceland?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 16 shows data on public finance, including taxes, revenues, expenditure, and debt. Some of these figures are not available at the national level, but only for aggregations of groups of countries.