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Iceland - Budget Deficit 1986

General government net lending/borrowing as % of GDP · IMF WEO
-3.94% −2.37% from 1985 Global rank: 17th

Iceland's budget deficit was -3.94% in 1986, decreased +2.37% from -1.56% in 1985. This was the 17th highest globally.

Global Ranking - 1986▾
Budget Deficit by Country - 1986
RankCountryValueYoY
1st Equatorial Guinea -97.30% -8.9%
2nd Mongolia -12.82% -226.2%
3rd Mozambique -12.10% -24.9%
4th Solomon Islands -10.91% -23.0%
5th Belgium -10.28% 1.1%
6th Portugal -10.27% -
7th Seychelles -10.06% -107.1%
8th Greece -8.62% 9.8%
9th Canada -7.32% 16.4%
10th Spain -5.93% 12.8%
11th New Zealand -5.33% 23.5%
12th Burkina Faso -5.10% -320.1%
13th Comoros -4.83% 3.8%
14th Bangladesh -4.63% -9.3%
15th St. Kitts and Nevis -4.27% 49.3%
16th Netherlands -4.24% 1.1%
17th Iceland -3.94% -151.6%
18th Bhutan -3.44% 62.0%
19th France -3.23% -7.9%
20th Kenya -2.98% 2.3%
21st Bolivia, Plurinational State of -2.70% 72.4%
22nd Papua New Guinea -2.43% -31.1%
23rd Eswatini -2.41% -81.4%
24th Jordan -2.39% 65.3%
25th United Kingdom -2.34% 5.8%
26th Madagascar -2.24% 6.2%
27th Colombia -1.94% 21.9%
28th St. Lucia -1.61% -7.6%
29th Japan -1.36% 0.7%
30th Ghana -1.26% -6.0%
31st China -0.35% -137.4%
32nd Sweden 0.01% 100.3%
33rd Lesotho 0.87% -48.1%
34th Switzerland 1.09% 6,317.6%
35th Denmark 1.32% 181.9%
36th Hong Kong SAR, China 1.75% 73.1%
37th St. Vincent and the Grenadines 2.32% -45.2%
38th Paraguay 3.08% 262.3%
39th Finland 3.35% 31.0%
40th Norway 5.52% -41.7%
41st Brunei Darussalam 6.48% -78.6%
42nd Kuwait 38.11% 29.2%
Source: IMF WEO (GGXCNL_NGDP)

FAQ

What was Iceland's budget deficit in 1986?▾

Iceland's budget deficit in 1986 was -3.94%. This ranked 17th globally.

How did Iceland's budget deficit change in 1986?▾

Iceland's budget deficit decreased by 151.6% in 1986 compared to 1985.

Which country had the highest budget deficit in 1986?▾

Kuwait had the highest budget deficit in 1986 at 38.11%.

What is the budget deficit of Iceland in 1986?▾

The budget deficit of Iceland in 1986 was -3.94%. This ranked 17th globally.

How does 1986 compare to 1985 for Iceland's budget deficit?▾

Iceland's budget deficit went from -1.56% in 1985 to -3.94% in 1986, a 151.6% decrease.

HistorySaid - pattern alert

Iceland matched the Orthodox Tightening Cycle pattern in 1986. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 25.7%. View full analysis →

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