Iceland - Budget Deficit 1989
-4.29%
−2.36% from 1988
Iceland's budget deficit was -4.29% in 1989, decreased +2.36% from -1.93% in 1988. This was the 16th highest globally.
Global Ranking - 1989▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Equatorial Guinea | -76.17% | 63.5% |
| 2nd | Solomon Islands | -15.33% | 8.5% |
| 3rd | Greece | -11.90% | -23.6% |
| 4th | Mongolia | -11.77% | 18.0% |
| 5th | Italy | -10.95% | -3.5% |
| 6th | Bhutan | -10.14% | -862.1% |
| 7th | Belgium | -7.82% | -4.2% |
| 8th | India | -7.68% | -9.5% |
| 9th | Jordan | -6.89% | 47.1% |
| 10th | Bolivia, Plurinational State of | -5.50% | 15.4% |
| 11th | Netherlands | -5.09% | -16.9% |
| 12th | Canada | -4.72% | -4.6% |
| 13th | Brunei Darussalam | -4.69% | -52.8% |
| 14th | Trinidad and Tobago | -4.46% | 52.2% |
| 15th | Bangladesh | -4.31% | -4.1% |
| 16th | Iceland | -4.29% | -122.3% |
| 17th | Mozambique | -4.23% | 34.6% |
| 18th | Portugal | -3.48% | 19.3% |
| 19th | Madagascar | -3.35% | -484.8% |
| 20th | Central African Republic | -3.25% | 12.8% |
| 21st | Austria | -3.04% | 9.8% |
| 22nd | St. Kitts and Nevis | -2.99% | 60.1% |
| 23rd | Spain | -2.99% | 12.1% |
| 24th | Kenya | -2.39% | -21.5% |
| 25th | Togo | -2.18% | - |
| 26th | New Zealand | -2.16% | -14.8% |
| 27th | St. Vincent and the Grenadines | -1.92% | -426.5% |
| 28th | France | -1.80% | 29.9% |
| 29th | Philippines | -1.64% | - |
| 30th | Colombia | -1.45% | -61.7% |
| 31st | Denmark | -1.35% | -1,381.3% |
| 32nd | Comoros | -1.32% | 51.1% |
| 33rd | China | -0.91% | 5.3% |
| 34th | Ghana | -0.81% | 24.5% |
| 35th | Papua New Guinea | 0.34% | 8.7% |
| 36th | United Kingdom | 0.48% | 92.7% |
| 37th | Switzerland | 0.77% | -15.9% |
| 38th | Congo, Republic of | 0.78% | - |
| 39th | Benin | 0.89% | - |
| 40th | St. Lucia | 0.89% | -55.8% |
| 41st | Australia | 0.93% | 93.9% |
| 42nd | Japan | 1.23% | 148.7% |
| 43rd | Norway | 1.55% | -34.5% |
| 44th | Burkina Faso | 1.97% | 145.5% |
| 45th | Hong Kong SAR, China | 2.01% | -39.3% |
| 46th | Sweden | 3.57% | -1.6% |
| 47th | Lesotho | 3.88% | 307.2% |
| 48th | Paraguay | 5.48% | 82.2% |
| 49th | Eswatini | 5.82% | 80.3% |
| 50th | Finland | 7.14% | 46.5% |
| 51st | Seychelles | 8.26% | -30.1% |
| 52nd | Kuwait | 29.95% | 8.1% |
FAQ
What was Iceland's budget deficit in 1989?▾
Iceland's budget deficit in 1989 was -4.29%. This ranked 16th globally.
How did Iceland's budget deficit change in 1989?▾
Iceland's budget deficit decreased by 122.3% in 1989 compared to 1988.
Which country had the highest budget deficit in 1989?▾
Kuwait had the highest budget deficit in 1989 at 29.95%.
What is the budget deficit of Iceland in 1989?▾
The budget deficit of Iceland in 1989 was -4.29%. This ranked 16th globally.
How does 1989 compare to 1988 for Iceland's budget deficit?▾
Iceland's budget deficit went from -1.93% in 1988 to -4.29% in 1989, a 122.3% decrease.
HistorySaid - pattern alert
Iceland matched the Orthodox Tightening Cycle pattern in 1989. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 6.8%. View full analysis →
Related
1988
1990
All years
Full ranking 1989
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 2016
Lowest: 2008
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
vs Cayman Islands
vs Singapore
vs Norway
vs United States
NATO Budget Deficit
OECD Budget Deficit
Global Ranking