Africa's Development: Public finances General government … 16 in Iceland
Iceland: Africa's Development: Public finances General government … 16 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: Public finances General government … 16 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% |
Iceland compared with similar countries
- Iceland's 42.49 Percentage of GDP is above the median for high income countries, which is 37.73 Percentage of GDP, 1.1× the median. (52 countries reporting)
- Iceland's 42.49 Percentage of GDP is above the median for Europe & Central Asia, which is 42.09 Percentage of GDP, 1.0× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Public finances General government … 16 in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +41.7% | 44.75 Percentage of GDP | 63.39 Percentage of GDP |
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
- 26 Madagascar 16.84 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units 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.
Download this data
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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.