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Iceland Lowest Budget Deficit

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

-12.02% in 2008

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

The lowest budget deficit in Iceland was -12.02% in 2008. The top 5 years were: 2008 (-12.02%), 2020 (-8.73%), 2009 (-8.54%), 2021 (-8.33%), 2010 (-6.58%).

Top 5 Lowest Years▾

Iceland Top 5 Lowest Budget Deficit Years
Rank	Year	Value
1st	2008	-12.02%
2nd	2020	-8.73%
3rd	2009	-8.54%
4th	2021	-8.33%
5th	2010	-6.58%

All Data (sorted by value)▾

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

Show all

Budget Deficit (all years) Highest 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