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Iceland - Budget Deficit 1988

Name: Iceland Budget Deficit 1988
Creator: IMF WEO
License: https://creativecommons.org/licenses/by/4.0/

General government net lending/borrowing as % of GDP · IMF WEO

-1.93% −1.15% from 1987 Global rank: 25th

Iceland's budget deficit was -1.93% in 1988, decreased +1.15% from -0.79% in 1987. This was the 25th highest globally.

Global Ranking - 1988▾

Budget Deficit by Country - 1988
Rank	Country	Value	YoY
1st	Equatorial Guinea	-208.50%	-32.0%
2nd	Solomon Islands	-16.76%	35.1%
3rd	Mongolia	-14.35%	-4.9%
4th	Jordan	-13.02%	2.8%
5th	Italy	-10.58%	-
6th	Greece	-9.63%	-19.0%
7th	Trinidad and Tobago	-9.34%	-
8th	St. Kitts and Nevis	-7.51%	50.7%
9th	Belgium	-7.51%	7.8%
10th	India	-7.01%	-
11th	Bolivia, Plurinational State of	-6.50%	15.6%
12th	Mozambique	-6.47%	10.6%
13th	Canada	-4.51%	21.5%
14th	Netherlands	-4.35%	17.4%
15th	Burkina Faso	-4.32%	18.0%
16th	Portugal	-4.32%	49.1%
17th	Bangladesh	-4.14%	5.9%
18th	Central African Republic	-3.72%	-
19th	Spain	-3.40%	-3.8%
20th	Austria	-3.37%	-
21st	Brunei Darussalam	-3.07%	-190.1%
22nd	Comoros	-2.69%	13.6%
23rd	France	-2.57%	-26.8%
24th	Kenya	-1.97%	13.2%
25th	Iceland	-1.93%	-145.7%
26th	New Zealand	-1.88%	45.2%
27th	Lesotho	-1.87%	34.3%
28th	Ghana	-1.08%	-16.2%
29th	China	-0.96%	-37.8%
30th	Colombia	-0.90%	-49.7%
31st	Madagascar	-0.57%	73.1%
32nd	Denmark	-0.09%	-106.4%
33rd	United Kingdom	0.25%	114.8%
34th	Papua New Guinea	0.31%	-0.6%
35th	Australia	0.48%	-
36th	Japan	0.50%	237.9%
37th	St. Vincent and the Grenadines	0.59%	-46.5%
38th	Switzerland	0.92%	-16.3%
39th	Bhutan	1.33%	336.8%
40th	St. Lucia	2.02%	259.9%
41st	Norway	2.37%	-44.0%
42nd	Paraguay	3.01%	12.4%
43rd	Eswatini	3.23%	59.3%
44th	Hong Kong SAR, China	3.32%	9.0%
45th	Sweden	3.63%	-0.1%
46th	Finland	4.87%	577.6%
47th	Seychelles	11.81%	326.2%
48th	Kuwait	27.71%	18.1%

FAQ

What was Iceland's budget deficit in 1988?▾

Iceland's budget deficit in 1988 was -1.93%. This ranked 25th globally.

How did Iceland's budget deficit change in 1988?▾

Iceland's budget deficit decreased by 145.7% in 1988 compared to 1987.

Which country had the highest budget deficit in 1988?▾

Kuwait had the highest budget deficit in 1988 at 27.71%.

What is the budget deficit of Iceland in 1988?▾

The budget deficit of Iceland in 1988 was -1.93%. This ranked 25th globally.

How does 1988 compare to 1987 for Iceland's budget deficit?▾

Iceland's budget deficit went from -0.79% in 1987 to -1.93% in 1988, a 145.7% decrease.

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