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Iceland Highest Budget Deficit

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

12.38% in 2016

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

The highest budget deficit in Iceland was 12.38% in 2016. The top 5 years were: 2016 (12.38%), 2006 (6.37%), 2007 (5.52%), 2005 (4.92%), 1984 (2.25%).

Top 5 Highest Years▾

Iceland Top 5 Highest Budget Deficit Years
Rank	Year	Value
1st	2016	12.38%
2nd	2006	6.37%
3rd	2007	5.52%
4th	2005	4.92%
5th	1984	2.25%

All Data (sorted by value)▾

Year	Value	Change	Rank
2016	12.38%	+12.77%	188th
2007	5.52%	−0.85%	163rd
2006	6.37%	+1.45%	156th
2005	4.92%	+4.64%	166th
1999	1.30%	+1.86%	131st
1984	2.25%	+4.21%	31st
2018	0.94%	−0.03%	149th
2017	0.97%	−11.41%	160th
2000	1.43%	+0.13%	138th
1982	1.72%	+0.40%	29th
1981	1.32%	−0.05%	24th
1980	1.37%	–	18th
2014	0.29%	+1.53%	153rd
2004	0.28%	+2.58%	133rd
1997	0.04%	+1.56%	103rd
2025	-1.14%	+2.37%	48th
2015	-0.39%	−0.68%	157th
1998	-0.56%	−0.60%	106th
2023	-2.28%	+1.65%	105th
2019	-1.57%	−2.51%	101st
2013	-1.24%	+1.35%	127th
2001	-0.28%	−1.71%	130th
1991	-0.66%	+2.50%	60th
1987	-0.79%	+3.15%	24th
2012	-2.59%	+3.87%	88th
2003	-2.30%	−0.05%	84th
2002	-2.25%	−1.97%	100th
1996	-1.52%	+1.35%	79th
1992	-1.86%	−1.20%	65th
1995	-2.87%	+1.72%	60th
1988	-1.93%	−1.15%	25th
1985	-1.56%	−3.81%	26th
1983	-1.96%	−3.68%	22nd
2024	-3.51%	−1.23%	77th
2022	-3.93%	+4.40%	77th
1990	-3.16%	+1.13%	35th
1994	-4.59%	−0.24%	37th
1993	-4.36%	−2.49%	46th
1989	-4.29%	−2.36%	16th
1986	-3.94%	−2.37%	17th
2011	-6.46%	+0.12%	22nd
2010	-6.58%	+1.96%	30th
2021	-8.33%	+0.40%	24th
2020	-8.73%	−7.16%	51st
2009	-8.54%	+3.48%	22nd
2008	-12.02%	−17.54%	5th

Show all

Budget Deficit (all years) Lowest ever Average Budget Deficit 1990s Budget Deficit 2000s Budget Deficit 2010s Budget Deficit 2020s Tax Revenue Government Spending Military Spending Health Spending Government Debt to GDP vs Cayman Islands vs Singapore vs Norway vs United States Global Ranking