Iceland - Budget Deficit 2016
12.38%
+12.77% from 2015
Iceland's budget deficit was 12.38% in 2016, increased +12.77% from -0.39% in 2015. This was the 188th highest globally.
Global Ranking - 2016▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -55.75% | -67.9% |
| 2nd | Libya | -29.29% | -2.8% |
| 3rd | Brunei Darussalam | -21.68% | -49.3% |
| 4th | South Sudan | -19.84% | -20.8% |
| 5th | Oman | -19.62% | -45.6% |
| 6th | Bahrain | -16.58% | 5.1% |
| 7th | Mongolia | -15.30% | -203.3% |
| 8th | Congo, Republic of | -14.54% | 18.3% |
| 9th | Iraq | -14.45% | -12.6% |
| 10th | Saudi Arabia | -13.20% | 11.7% |
| 11th | Algeria | -11.85% | 14.6% |
| 12th | Egypt, Arab Republic of | -11.80% | -13.8% |
| 13th | Equatorial Guinea | -10.92% | 27.7% |
| 14th | Ecuador | -10.29% | -49.9% |
| 15th | Suriname | -10.19% | -22.9% |
| 16th | Maldives | -9.93% | -52.4% |
| 17th | Trinidad and Tobago | -9.84% | -33.5% |
| 18th | Lesotho | -9.43% | -583.2% |
| 19th | Namibia | -9.30% | -12.1% |
| 20th | Qatar | -9.20% | -149.9% |
| 21st | Lebanon | -8.88% | -18.7% |
| 22nd | Yemen, Republic of | -8.51% | 2.8% |
| 23rd | Eswatini | -8.36% | -42.1% |
| 24th | Brazil | -7.99% | 13.9% |
| 25th | Kenya | -7.47% | -11.8% |
| 26th | Bolivia, Plurinational State of | -7.24% | -4.4% |
| 27th | India | -7.12% | 1.2% |
| 28th | Burundi | -7.11% | 5.9% |
| 29th | Togo | -7.03% | 0.2% |
| 30th | Ghana | -6.75% | -68.4% |
| 31st | Argentina | -6.66% | -10.9% |
| 32nd | Gambia, The | -6.22% | -15.8% |
| 33rd | Montenegro | -6.21% | -3.0% |
| 34th | Cameroon | -5.88% | -38.5% |
| 35th | Tunisia | -5.87% | -18.6% |
| 36th | Kyrgyz Republic | -5.79% | -130.0% |
| 37th | Fiji | -5.70% | -45.9% |
| 38th | Zambia | -5.69% | 35.9% |
| 39th | Armenia | -5.63% | -16.4% |
| 40th | Comoros | -5.52% | -312.5% |
| 41st | Mozambique | -5.42% | 17.3% |
| 42nd | Sierra Leone | -5.41% | -89.0% |
| 43rd | Guinea-Bissau | -5.34% | -69.0% |
| 44th | Costa Rica | -5.09% | 7.8% |
| 45th | Lao PDR | -5.06% | 9.2% |
| 46th | São Tomé and Principe | -5.01% | 34.1% |
| 47th | Sri Lanka | -5.00% | 24.7% |
| 48th | Malawi | -4.90% | -17.6% |
| 49th | Barbados | -4.84% | 40.6% |
| 50th | Papua New Guinea | -4.75% | -4.3% |
| 51st | Gabon | -4.71% | -321.7% |
| 52nd | Zimbabwe | -4.63% | -220.1% |
| 53rd | Kazakhstan | -4.50% | 28.1% |
| 54th | Morocco | -4.49% | 2.3% |
| 55th | Belize | -4.47% | 13.0% |
| 56th | Niger | -4.46% | 33.8% |
| 57th | United States | -4.36% | -23.4% |
| 58th | Benin | -4.29% | 22.8% |
| 59th | Spain | -4.27% | 19.0% |
| 60th | Angola | -3.98% | -54.7% |
| 61st | Mali | -3.95% | -116.5% |
| 62nd | Pakistan | -3.92% | 17.2% |
| 63rd | Sudan | -3.92% | -1.3% |
| 64th | Liberia | -3.83% | -2.4% |
| 65th | France | -3.76% | 3.2% |
| 66th | South Africa | -3.73% | 14.8% |
| 67th | Jordan | -3.71% | 47.8% |
| 68th | Russian Federation | -3.67% | -8.4% |
| 69th | Japan | -3.60% | 2.1% |
| 70th | Solomon Islands | -3.56% | -540.3% |
| 71st | China | -3.33% | -33.0% |
| 72nd | United Kingdom | -3.31% | 27.9% |
| 73rd | Nigeria | -3.30% | -22.3% |
| 74th | Senegal | -3.27% | 10.7% |
| 75th | Guyana | -3.21% | -328.8% |
| 76th | Viet Nam | -3.16% | 36.5% |
| 77th | Bangladesh | -3.16% | 3.9% |
| 78th | Dominican Republic | -3.11% | -9,321.2% |
| 79th | El Salvador | -3.10% | 14.5% |
| 80th | Burkina Faso | -3.08% | -47.5% |
| 81st | Côte d'Ivoire | -2.98% | -45.9% |
| 82nd | United Arab Emirates | -2.95% | 53.5% |
| 83rd | Tajikistan | -2.91% | -48.3% |
| 84th | Mauritius | -2.74% | 21.4% |
| 85th | Cabo Verde | -2.73% | 34.4% |
| 86th | North Macedonia | -2.70% | 22.2% |
| 87th | Mexico | -2.68% | 30.5% |
| 88th | Uruguay | -2.68% | -44.4% |
| 89th | Chile | -2.66% | -27.4% |
| 90th | Uganda | -2.64% | -1.8% |
| 91st | Bahamas, The | -2.61% | 21.8% |
| 92nd | Malaysia | -2.60% | -2.2% |
| 93rd | Slovak Republic | -2.59% | 6.8% |
| 94th | Indonesia | -2.56% | 6.0% |
| 95th | Myanmar | -2.53% | 41.6% |
| 96th | Romania | -2.50% | -85.2% |
| 97th | Ukraine | -2.46% | -112.0% |
| 98th | Belgium | -2.43% | 1.8% |
| 99th | Australia | -2.42% | 13.0% |
| 100th | Italy | -2.41% | 2.2% |
| 101st | Poland | -2.38% | 8.2% |
| 102nd | Turkmenistan | -2.38% | -241.1% |
| 103rd | Bhutan | -2.31% | -371.2% |
| 104th | Colombia | -2.27% | 35.4% |
| 105th | Rwanda | -2.27% | 15.3% |
| 106th | Peru | -2.12% | -4.9% |
| 107th | Tanzania | -2.08% | 34.3% |
| 108th | West Bank and Gaza | -2.08% | 55.4% |
| 109th | Slovenia | -2.00% | 29.5% |
| 110th | Portugal | -1.94% | 55.6% |
| 111th | Nicaragua | -1.92% | -17.5% |
| 112th | Panama | -1.89% | 17.8% |
| 113th | Puerto Rico (US) | -1.84% | 12.9% |
| 114th | Hungary | -1.79% | 10.5% |
| 115th | Israel | -1.79% | -47.9% |
| 116th | Finland | -1.70% | 29.9% |
| 117th | Iran, Islamic Republic of | -1.70% | -30.9% |
| 118th | Türkiye | -1.68% | -227.5% |
| 119th | Belarus | -1.66% | 44.0% |
| 120th | Moldova | -1.56% | 19.0% |
| 121st | Chad | -1.51% | 54.1% |
| 122nd | Albania | -1.50% | 65.3% |
| 123rd | Georgia | -1.49% | -28.1% |
| 124th | Aruba | -1.46% | 1.4% |
| 125th | Austria | -1.45% | -204.8% |
| 126th | Eritrea | -1.44% | 48.1% |
| 127th | Azerbaijan | -1.17% | 75.8% |
| 128th | Guatemala | -1.11% | 24.6% |
| 129th | Madagascar | -1.11% | 61.2% |
| 130th | Serbia | -1.08% | 66.8% |
| 131st | Croatia | -1.04% | 70.5% |
| 132nd | Congo, Democratic Republic of | -0.93% | 31.6% |
| 133rd | St. Lucia | -0.78% | 66.7% |
| 134th | Ireland | -0.76% | 61.4% |
| 135th | Djibouti | -0.76% | 95.1% |
| 136th | Philippines | -0.75% | -617.4% |
| 137th | Vanuatu | -0.72% | 91.7% |
| 138th | Estonia | -0.62% | -155.4% |
| 139th | Canada | -0.45% | -630.6% |
| 140th | Latvia | -0.41% | 74.0% |
| 141st | Honduras | -0.40% | 49.2% |
| 142nd | Paraguay | -0.37% | 14.4% |
| 143rd | Samoa | -0.35% | 90.9% |
| 144th | Cambodia | -0.29% | 54.9% |
| 145th | San Marino | -0.19% | 94.4% |
| 146th | Jamaica | -0.18% | 33.5% |
| 147th | Antigua and Barbuda | -0.14% | 94.2% |
| 148th | Guinea | -0.08% | 98.7% |
| 149th | Seychelles | 0.02% | -98.7% |
| 150th | Lithuania | 0.03% | 104.4% |
| 151st | St. Vincent and the Grenadines | 0.04% | 102.0% |
| 152nd | Haiti | 0.12% | 107.9% |
| 153rd | Afghanistan | 0.13% | 109.2% |
| 154th | Mauritania | 0.13% | 105.4% |
| 155th | Netherlands | 0.23% | 112.3% |
| 156th | Switzerland | 0.24% | -56.4% |
| 157th | Greece | 0.28% | 109.2% |
| 158th | Denmark | 0.30% | 133.7% |
| 159th | Bosnia and Herzegovina | 0.34% | 276.3% |
| 160th | Thailand | 0.41% | 120.9% |
| 161st | Cyprus | 0.45% | 158.9% |
| 162nd | Somalia, Fed. Rep. | 0.46% | 90.5% |
| 163rd | Czechia | 0.69% | 202.9% |
| 164th | Uzbekistan | 0.70% | 354.2% |
| 165th | Botswana | 0.71% | 114.8% |
| 166th | Sweden | 0.86% | 416.9% |
| 167th | New Zealand | 0.98% | 167.7% |
| 168th | Malta | 1.10% | 230.7% |
| 169th | Germany | 1.13% | 23.9% |
| 170th | Central African Republic | 1.17% | 318.3% |
| 171st | Nepal | 1.20% | 160.4% |
| 172nd | Tonga | 1.47% | 153.4% |
| 173rd | Bulgaria | 1.54% | 155.5% |
| 174th | Korea | 1.56% | 214.5% |
| 175th | Luxembourg | 1.89% | 44.9% |
| 176th | Grenada | 2.69% | 436.4% |
| 177th | Liechtenstein | 2.95% | -17.0% |
| 178th | Singapore | 3.26% | 13.8% |
| 179th | Palau | 3.52% | -30.8% |
| 180th | St. Kitts and Nevis | 3.77% | -33.5% |
| 181st | Marshall Islands | 3.88% | 37.8% |
| 182nd | Norway | 4.04% | -32.6% |
| 183rd | Andorra | 4.07% | 145.9% |
| 184th | Hong Kong SAR, China | 4.39% | 637.3% |
| 185th | Micronesia, Federated States of | 7.37% | -29.7% |
| 186th | Macao SAR, China | 11.42% | -17.4% |
| 187th | Dominica | 11.59% | 1.9% |
| 188th | Iceland | 12.38% | 3,265.2% |
| 189th | Kuwait | 13.08% | -21.1% |
| 190th | Nauru | 18.89% | 75.9% |
| 191st | Kiribati | 20.10% | -52.7% |
| 192nd | Tuvalu | 27.47% | 86.7% |
FAQ
What was Iceland's budget deficit in 2016?▾
Iceland's budget deficit in 2016 was 12.38%. This ranked 188th globally.
How did Iceland's budget deficit change in 2016?▾
Iceland's budget deficit increased by 3,265.2% in 2016 compared to 2015.
Which country had the highest budget deficit in 2016?▾
Tuvalu had the highest budget deficit in 2016 at 27.47%.
What is the budget deficit of Iceland in 2016?▾
The budget deficit of Iceland in 2016 was 12.38%. This ranked 188th globally.
How does 2016 compare to 2015 for Iceland's budget deficit?▾
Iceland's budget deficit went from -0.39% in 2015 to 12.38% in 2016, a 3,265.2% increase.
HistorySaid - pattern alert
Iceland matched the Export Boom Cycle pattern in 2016. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 4.7%. View full analysis →
Related
2015
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Full ranking 2016
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Peak: 2016
Lowest: 2008
Budget Deficit 1990s
Budget Deficit 2000s
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Budget Deficit 2020s
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