Iceland — General government deficit (% of GDP)
% of GDP · Annual · 1945–2031 · 87 observations
About this series
The general government deficit series records the period's fiscal balance under the source's accounting and sign convention. A deficit indicates a shortfall; the series is a flow, not a debt stock. This series expresses that measure as a percentage of GDP for the matching period.
For Iceland, the general government deficit reading stood at −2.4% of GDP in 2025. Against −4.2% of GDP in 2024, the period change was +1.8 percentage points. It was below the selected 10-year average of −1.57% of GDP.
Get the full series
- Annual data, 1945–2031
- Quarterly data, 2002–2026
- All 7 sources, downloadable
Latest observations
2014–2031
| Period | Value |
|---|---|
| 2031 | -0.05 % of GDP |
| 2030 | -0.08 % of GDP |
| 2029 | -0.12 % of GDP |
| 2028 | -0.24 % of GDP |
| 2027 | -0.19 % of GDP |
13 earlier values, back to 2014
| 2026 | -1.78 % of GDP |
| 2025 | -2.4 % of GDP |
| 2024 | -4.2 % of GDP |
| 2023 | -2.1 % of GDP |
| 2022 | -3.8 % of GDP |
| 2021 | -8 % of GDP |
| 2020 | -8.8 % of GDP |
| 2019 | -1.4 % of GDP |
| 2018 | 1 % of GDP |
| 2017 | 1.3 % of GDP |
| 2016 | 12.7 % of GDP |
| 2015 | -0.1 % of GDP |
| 2014 | 0.6 % of GDP |