Iceland Government Revenue and Spending Over Time (1980–2026)

Global Statistics and Country Indicators

Government Revenue (% of GDP)

Global rank: 30 / 189

Data table

1980	34.4%	1992	41.5%	2004	46.6%	2016	58.5%
1981	35.7%	1993	39.5%	2005	49.2%	2017	45.1%
1982	36.7%	1994	39.1%	2006	50.8%	2018	44.4%
1983	34.9%	1995	40.2%	2007	49.8%	2019	41.6%
1984	36%	1996	41.1%	2008	50.8%	2020	41.6%
1985	34.5%	1997	41.4%	2009	44.8%	2021	40.7%
1986	34.6%	1998	39.8%	2010	41.7%	2022	42.3%
1987	34.7%	1999	46.1%	2011	43.6%	2023	42.9%
1988	38.3%	2000	45.7%	2012	44.6%	2024	43.4%
1989	37.5%	2001	46.7%	2013	44.7%	2025	42.2%
1990	38.3%	2002	42.8%	2014	45.9%	2026	43.1%
1991	41%	2003	45.1%	2015	42.9%

Government Revenue (Local currency - ISK)

Data table

1980	5.82B	1992	175.5B	2004	456.4B	2016	1.49T
1981	9.39B	1993	171.8B	2005	531.3B	2017	1.21T
1982	15.17B	1994	180.9B	2006	629.5B	2018	1.28T
1983	24.9B	1995	191.7B	2007	700.1B	2019	1.27T
1984	33.9B	1996	210B	2008	815.7B	2020	1.24T
1985	44.35B	1997	226.8B	2009	732.6B	2021	1.36T
1986	58.75B	1998	243.7B	2010	709.4B	2022	1.67T
1987	76.95B	1999	304B	2011	777.9B	2023	1.87T
1988	104.6B	2000	328.7B	2012	834B	2024	1.99T
1989	125.9B	2001	378.6B	2013	887.3B	2025	2.09T
1990	149.8B	2002	369.3B	2014	968.3B	2026	2.31T
1991	173.3B	2003	399.8B	2015	1T

Government Spending (% of GDP)

Global rank: 39 / 189

Data table

1980	33.1%	1992	43.3%	2004	46.2%	2016	45.8%
1981	34.4%	1993	43.7%	2005	44.2%	2017	43.8%
1982	35%	1994	43.6%	2006	44.3%	2018	43.4%
1983	36.8%	1995	43%	2007	44.2%	2019	43%
1984	33.8%	1996	42.5%	2008	62.8%	2020	50.4%
1985	36%	1997	41.4%	2009	53.4%	2021	48.7%
1986	38.4%	1998	40.3%	2010	48.2%	2022	46.2%
1987	35.5%	1999	44.8%	2011	50%	2023	45.2%
1988	40.2%	2000	44.3%	2012	47.2%	2024	47.1%
1989	41.7%	2001	47%	2013	45.6%	2025	45%
1990	41.4%	2002	45%	2014	45.3%	2026	44.2%
1991	41.6%	2003	47.3%	2015	43%

Government Spending (Local currency - ISK)

Data table

1980	5.6B	1992	183.1B	2004	453.1B	2016	1.17T
1981	9.05B	1993	190.2B	2005	477.7B	2017	1.17T
1982	14.48B	1994	201.5B	2006	549.8B	2018	1.25T
1983	26.26B	1995	204.9B	2007	621.8B	2019	1.32T
1984	31.83B	1996	217.4B	2008	1.01T	2020	1.5T
1985	46.3B	1997	226.5B	2009	871.5B	2021	1.62T
1986	65.24B	1998	247.1B	2010	821B	2022	1.82T
1987	78.63B	1999	295.4B	2011	892.6B	2023	1.98T
1988	109.7B	2000	318.4B	2012	882.5B	2024	2.16T
1989	139.9B	2001	380.8B	2013	904.7B	2025	2.23T
1990	161.7B	2002	388.4B	2014	955.8B	2026	2.38T
1991	176B	2003	419.8B	2015	1.01T