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Iceland - Budget Deficit 1987

General government net lending/borrowing as % of GDP · IMF WEO
-0.79% +3.15% from 1986 Global rank: 24th

Iceland's budget deficit was -0.79% in 1987, increased +3.15% from -3.94% in 1986. This was the 24th highest globally.

Global Ranking - 1987▾
Budget Deficit by Country - 1987
RankCountryValueYoY
1st Equatorial Guinea -157.96% -62.3%
2nd Solomon Islands -25.81% -136.5%
3rd St. Kitts and Nevis -15.23% -257.0%
4th Mongolia -13.68% -6.7%
5th Jordan -13.40% -460.4%
6th Portugal -8.48% 17.4%
7th Belgium -8.14% 20.9%
8th Greece -8.09% 6.1%
9th Bolivia, Plurinational State of -7.70% -185.2%
10th Mozambique -7.24% 40.2%
11th Canada -5.75% 21.5%
12th Burkina Faso -5.27% -3.3%
13th Netherlands -5.27% -24.4%
14th Bangladesh -4.40% 5.0%
15th New Zealand -3.43% 35.7%
16th Spain -3.28% 44.7%
17th Comoros -3.11% 35.6%
18th Lesotho -2.85% -426.6%
19th Kenya -2.27% 23.9%
20th Madagascar -2.12% 5.2%
21st France -2.03% 37.3%
22nd United Kingdom -1.67% 28.4%
23rd Ghana -0.93% 26.6%
24th Iceland -0.79% 80.0%
25th China -0.70% -102.6%
26th Colombia -0.60% 69.1%
27th Bhutan -0.56% 83.7%
28th Japan -0.36% 73.6%
29th Papua New Guinea 0.31% 112.9%
30th St. Lucia 0.56% 134.9%
31st Finland 0.72% -78.5%
32nd Switzerland 1.10% 0.4%
33rd St. Vincent and the Grenadines 1.10% -52.5%
34th Denmark 1.43% 7.8%
35th Eswatini 2.03% 184.2%
36th Paraguay 2.68% -12.9%
37th Seychelles 2.77% 127.6%
38th Hong Kong SAR, China 3.04% 73.4%
39th Brunei Darussalam 3.41% -47.5%
40th Sweden 3.64% 32,945.5%
41st Norway 4.23% -23.4%
42nd Kuwait 23.47% -38.4%
Source: IMF WEO (GGXCNL_NGDP)

FAQ

What was Iceland's budget deficit in 1987?▾

Iceland's budget deficit in 1987 was -0.79%. This ranked 24th globally.

How did Iceland's budget deficit change in 1987?▾

Iceland's budget deficit increased by 80.0% in 1987 compared to 1986.

Which country had the highest budget deficit in 1987?▾

Kuwait had the highest budget deficit in 1987 at 23.47%.

What is the budget deficit of Iceland in 1987?▾

The budget deficit of Iceland in 1987 was -0.79%. This ranked 24th globally.

How does 1987 compare to 1986 for Iceland's budget deficit?▾

Iceland's budget deficit went from -3.94% in 1986 to -0.79% in 1987, a 80.0% increase.

HistorySaid - pattern alert

Iceland matched the Orthodox Tightening Cycle pattern in 1987. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 20.8%. View full analysis →

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