Iceland Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Overview
Iceland's budget deficit stood at -1.14% in 2025, a rise of +2.37% from 2024. The IMF projects -1.14% by 2025. Iceland ranked 48th globally.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -0.04% | - | - |
| 2029* IMF | -0.15% | - | - |
| 2028* IMF | -0.32% | - | - |
| 2027* IMF | -0.52% | - | - |
| 2026* IMF | -0.63% | - | - |
| 2025* IMF | -1.14% | - | - |
| 2025 | -1.14% | +2.37% | #48 |
| 2024 | -3.51% | −1.23% | #77 |
| 2023 | -2.28% | +1.65% | #105 |
| 2022 | -3.93% | +4.40% | #77 |
| 2021 | -8.33% | +0.40% | #24 |
| 2020 | -8.73% | −7.16% | #51 |
| 2019 | -1.57% | −2.51% | #101 |
| 2018 | 0.94% | −0.03% | #149 |
| 2017 | 0.97% | −11.41% | #160 |
| 2016 | 12.38% | +12.77% | #188 |
| 2015 | -0.39% | −0.68% | #157 |
| 2014 | 0.29% | +1.53% | #153 |
| 2013 | -1.24% | +1.35% | #127 |
| 2012 | -2.59% | +3.87% | #88 |
| 2011 | -6.46% | +0.12% | #22 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's budget deficit was -1.14% in 2025. Ranked 48th globally. This represents a 67.5% increase from the previous year.
Iceland's budget deficit peaked at 12.38% in 2016.
The lowest budget deficit in Iceland was -12.02% in 2008.
Iceland ranks 48th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Iceland's budget deficit is projected to reach -1.14% by 2025 based on IMF projection.
The budget deficit of Iceland in 2025 was -1.14%. This ranks 48th in the world.
Cite this page
@misc{historysaid_iceland_budget-deficit,
title = {Iceland Budget Deficit},
url = {https://historysaid.com/iceland/budget-deficit},
publisher = {HistorySaid},
year = {2026}
}