Iceland Government Budget Balance (% of GDP)
The gap between what government takes in and what it spends in a year, across all levels of government.
−2.6%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Iceland economy16 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Checked hourly against official sources.Government Budget Balance (% of GDP)
1980 to 2025
Source: IMF World Economic Outlook (GGXCNL_NGDP) · general government net lending (+) or borrowing (-), % of GDP, annual · actual years only. The IMF's figures for the years after the one shown are projections, which this site does not publish.
Iceland Government Budget Balance (% of GDP) in context
Worked out from the published series shown above.
In Iceland, the government budget balance rose by 1.4pp in 2025, from −4.1% in 2024.
Over the past five years it has ranged from −8.8% in 2020 to −2.1% in 2023.
Its average since 1980 is −1.4%, and the latest reading is below that.
Iceland is 24th of 52 countries in our Government Budget Balance by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- IMF
- Series
- World
- Frequency
- Annual
- Unit
- %
- Seasonal adjustment
- Not applicable, annual data
- Latest observation
- 2025
- Revision status
- Latest published estimate, subject to revision
A negative number is a deficit.
Data refreshed 2026-10-16. Figures are the latest published observations and can be revised.
More Iceland indicators
Latest readings. Open any one for its full history.
Rankings
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