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Iceland - Budget Deficit 1985

General government net lending/borrowing as % of GDP · IMF WEO
-1.56% −3.81% from 1984 Global rank: 26th

Iceland's budget deficit was -1.56% in 1985, decreased +3.81% from 2.25% in 1984. This was the 26th highest globally.

Global Ranking - 1985▾
Budget Deficit by Country - 1985
RankCountryValueYoY
1st Equatorial Guinea -89.33% 21.9%
2nd Belgium -10.40% 7.3%
3rd Bolivia, Plurinational State of -9.80% 61.4%
4th Mozambique -9.69% 27.7%
5th Greece -9.56% -32.9%
6th Bhutan -9.05% -532.4%
7th Solomon Islands -8.88% -29.2%
8th Canada -8.76% -10.3%
9th St. Kitts and Nevis -8.41% -76.1%
10th New Zealand -6.97% -
11th Jordan -6.90% -
12th Spain -6.80% -26.2%
13th Comoros -5.02% 11.9%
14th Seychelles -4.86% 20.2%
15th Netherlands -4.29% 31.5%
16th Bangladesh -4.24% 8.4%
17th Mongolia -3.93% -13.2%
18th Sweden -3.29% -23.4%
19th Kenya -3.05% -19.6%
20th France -3.00% -8.0%
21st Colombia -2.49% 35.8%
22nd United Kingdom -2.48% 21.6%
23rd Madagascar -2.39% 60.8%
24th Papua New Guinea -1.86% -69.4%
25th Denmark -1.62% 63.4%
26th Iceland -1.56% -169.6%
27th St. Lucia -1.50% -
28th Japan -1.37% 47.8%
29th Eswatini -1.33% -206.1%
30th Burkina Faso -1.21% -
31st Ghana -1.19% -21.9%
32nd Switzerland 0.02% 107.3%
33rd Paraguay 0.85% 301.7%
34th China 0.92% 1,218.6%
35th Hong Kong SAR, China 1.01% 13.1%
36th Lesotho 1.68% -65.1%
37th Finland 2.55% -4.3%
38th St. Vincent and the Grenadines 4.23% 69.1%
39th Norway 9.47% 41.9%
40th Kuwait 29.49% -
41st Brunei Darussalam 30.25% -
Source: IMF WEO (GGXCNL_NGDP)

FAQ

What was Iceland's budget deficit in 1985?▾

Iceland's budget deficit in 1985 was -1.56%. This ranked 26th globally.

How did Iceland's budget deficit change in 1985?▾

Iceland's budget deficit decreased by 169.6% in 1985 compared to 1984.

Which country had the highest budget deficit in 1985?▾

Brunei Darussalam had the highest budget deficit in 1985 at 30.25%.

What is the budget deficit of Iceland in 1985?▾

The budget deficit of Iceland in 1985 was -1.56%. This ranked 26th globally.

How does 1985 compare to 1984 for Iceland's budget deficit?▾

Iceland's budget deficit went from 2.25% in 1984 to -1.56% in 1985, a 169.6% decrease.

HistorySaid - pattern alert

Iceland matched the Orthodox Tightening Cycle pattern in 1985. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 18.3%. View full analysis →

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