Total government revenue (budgetary central government) as a in Iceland
Iceland: Total government revenue (budgetary central government) as a was 43.5% in 2023. ▬ Flat
Total government revenue (budgetary central government) as a in Iceland, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, total government revenue (budgetary central government) as a in Iceland stood at 43.5%.
The figure is up 2.7% on the previous year and down 2.9% over ten years.
Over the whole period, total government revenue (budgetary central government) as a in Iceland peaked at 59.1% in 2016 and was at its lowest, 39.9%, in 2002.
Iceland ranks 28th of 182 countries on this measure, in the top quarter.
Total government revenue (budgetary central government) as a in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 42.3% | — |
| 2001 | 40.3% | -4.6% |
| 2002 | 39.9% | -1.1% |
| 2003 | 41.1% | +3.0% |
| 2004 | 42.2% | +2.8% |
| 2005 | 50.0% | +18.5% |
| 2006 | 51.3% | +2.6% |
| 2007 | 50.4% | -1.8% |
| 2008 | 51.3% | +1.8% |
| 2009 | 45.1% | -12.1% |
| 2010 | 42.2% | -6.3% |
| 2011 | 44.1% | +4.5% |
| 2012 | 45.2% | +2.5% |
| 2013 | 44.8% | -0.9% |
| 2014 | 46.2% | +3.1% |
| 2015 | 43.2% | -6.6% |
| 2016 | 59.1% | +36.8% |
| 2017 | 45.4% | -23.1% |
| 2018 | 44.8% | -1.3% |
| 2019 | 42.2% | -5.9% |
| 2020 | 42.0% | -0.3% |
| 2021 | 41.0% | -2.4% |
| 2022 | 42.4% | +3.3% |
| 2023 | 43.5% | +2.7% |
Iceland compared with similar countries
- Iceland's 43.5% is above the median for high income countries, which is 38.9%, 1.1× the median. (58 countries reporting)
- Iceland's 43.5% is above the median for Europe & Central Asia, which is 41.2%, 1.1× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Total government revenue (budgetary central government) as a 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 |
|---|---|---|---|
| 2016 | +36.8% | 43.2% | 59.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45.4% | 39.9% | 51.3% | 10 |
| 2010s | 45.7% | 42.2% | 59.1% | 10 |
| 2020s | 42.2% | 41.0% | 43.5% | 4 |
Countries ranked near Iceland
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is total government revenue (budgetary central government) as a in Iceland?
- Total government revenue (budgetary central government) as a in Iceland was 43.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest total government revenue (budgetary central government) as a recorded in Iceland?
- The highest recorded value was 59.1% in 2016.
- What is the lowest total government revenue (budgetary central government) as a recorded in Iceland?
- The lowest recorded value was 39.9% in 2002.
- How does Iceland rank for total government revenue (budgetary central government) as a?
- Iceland ranks 28th out of 182 countries with data for 2023.
- Is total government revenue (budgetary central government) as a rising or falling in Iceland?
- Over the last ten years it is down 2.9%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Total government revenue (budgetary central government) as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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