Iceland: Government deficit (% of GDP)
Percent of GDP · 1945–2025 · 81 observations · forecasts to 2031 · govdef_GDP
- 2025
- −2.40%percent of GDP
- Change on 2024
- +1.8 pointsfrom −4.20%
- Average, 2016–2025
- −1.57%10 years
- Record high and low
- 12.7% (2016)low −12.0% (2008)
Government deficit (% of GDP)
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ForecastPercent of GDP
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Compare with other countries →Definition of Government deficit (% of GDP)
Recent values
Percent of GDP
| Year | Value | |
|---|---|---|
| 2031 | -0.048 | Forecast |
| 2030 | -0.0839 | Forecast |
| 2029 | -0.124 | Forecast |
| 2028 | -0.243 | Forecast |
| 2027 | -0.49 | Forecast |
| 2026 | -1.17 | Forecast |
| 2025 | -2.40 | |
| 2024 | -4.20 | |
| 2023 | -2.10 | |
| 2022 | -3.80 | |
| 2021 | -8.00 | |
| 2020 | -8.80 | |
| 2019 | -1.40 | |
| 2018 | 1.00 | |
| 2017 | 1.30 | |
| 2016 | 12.7 |
Sources
This series is derived from other GMD variables.
Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →
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