Public budgets

Iceland: public budget

What Iceland's government raised and what it spent it on, from the figures its own budget laws or a statistics office publish. Solon places every figure on the same international classification, so it can be compared with any other place.

General government, 1999

Outturn: what came in and was spent

General government: central, state and local government and social security funds together, consolidated so that money passed between them is counted once, as Eurostat's government finance statistics (ESA 2010) count it.

Amounts in USD, converted from EUR at 1999's average rate (Eurostat).

Revenue
$4.2B · 46.1% of GDP
Spending
$4.08B · 44.8% of GDP
Surplus (+) or deficit (−)
$118.62M · 1.3% of GDP

What the money is spent on

Iceland, 1999: spending by function, as a share of all spending
Iceland, 1999: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services23.1$941.85M
Health17.8$725.49M
Social protection16.9$689.68M
Education15.7$641.72M
Economic affairs14.4$587.04M
Recreation, culture and religion6.4$261.65M
Public order and safety3.3$132.69M
Environmental protection1.6$66.19M
Housing and community amenities0.8$31.76M
Defence0$1.17M
General public services$941.85M
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions74.1$697.57M
Executive and legislative organs, financial and fiscal affairs, external affairs15$141.22M
General services7.2$67.89M
General public services n.e.c.2.2$20.46M
Basic research0.9$8.74M
Foreign economic aid0.6$5.97M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Health$725.49M
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services69.7$505.51M
Outpatient services16.9$122.35M
Medical products, appliances and equipment10.4$75.35M
Health n.e.c.2.4$17.16M
Public health services0.6$4.58M
R&D Health0.1$426.32K
Social protection$689.68M
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Old age31.4$216.89M
Family and children22.4$154.33M
Sickness and disability22.2$152.84M
Housing9.3$63.95M
Social protection n.e.c.7.6$52.12M
Unemployment4.2$28.78M
Social exclusion n.e.c.2.6$17.91M
Survivors0.4$2.77M
R&D Social protection0$0
Education$641.72M
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education45.9$294.37M
Secondary education32.5$208.58M
Tertiary education16.8$107.75M
Education n.e.c.2.7$17.59M
Education not definable by level1.1$6.93M
Subsidiary services to education0.8$5.44M
Post-secondary non-tertiary education0.2$1.07M
R&D Education0$0
Economic affairs$587.04M
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport49.9$292.88M
Agriculture, forestry, fishing and hunting23.4$137.17M
R&D Economic affairs10.4$61.07M
General economic, commercial and labour affairs8.9$52.12M
Fuel and energy4$23.77M
Mining, manufacturing and construction1.5$8.53M
Other industries0.9$5.01M
Economic affairs n.e.c.0.9$5.01M
Communication0.3$1.49M
Recreation, culture and religion$261.65M
Recreation, culture and religion, in detail, as a share of it
Recreation, culture and religion, in detail, as a share of it
RowValue (%)ShareNote
Cultural services40.1$104.98M
Recreational and sporting services33.8$88.35M
Religious and other community services15.9$41.67M
Broadcasting and publishing services9.4$24.51M
R&D Recreation, culture and religion0.5$1.28M
Recreation, culture and religion n.e.c.0.3$746.06K
Public order and safety$132.69M
Public order and safety, in detail, as a share of it
Public order and safety, in detail, as a share of it
RowValue (%)ShareNote
Police services54.9$72.9M
Fire-protection services16.8$22.28M
Law courts11.7$15.56M
Public order and safety n.e.c.10.1$13.43M
Prisons6.5$8.63M
R&D Public order and safety0$0
Environmental protection$66.19M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management67.5$44.66M
Protection of biodiversity and landscape21.9$14.49M
Environmental protection n.e.c.7.6$5.01M
Waste water management2.3$1.49M
R&D Environmental protection0.6$426.32K
Pollution abatement0$0
Housing and community amenities$31.76M
Housing and community amenities, in detail, as a share of it
Housing and community amenities, in detail, as a share of it
RowValue (%)ShareNote
Community development61.7$19.61M
Housing development23.2$7.35M
Street lighting12.8$4.05M
Housing and community amenities n.e.c.2$639.48K
Water supply0$0
R&D Housing and community amenities0$0
Defence$1.17M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Foreign military aid100$1.17M
Military defence0$0
Civil defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 1999: revenue by kind, as a share of all revenue
Iceland, 1999: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on sales, production and imports38.2$1.6B
Taxes on income and wealth31.9$1.34B
Income from property (interest, dividends, rent)14.9$626.16M
Sales, fees and charges7.1$298.85M
Social contributions5.9$245.67M
Capital transfers and taxes received1.2$51.48M
Other transfers received0.9$37.09M
Subsidies received0$0
Taxes on sales, production and imports$1.6B
Taxes on sales, production and imports, in detail, as a share of it
Taxes on sales, production and imports, in detail, as a share of it
RowValue (%)ShareNote
Value added tax60.2$964.76M
Not broken down, or fitting no category39.8$636.71M
Taxes on income and wealth$1.34B
Taxes on income and wealth, in detail, as a share of it
Taxes on income and wealth, in detail, as a share of it
RowValue (%)ShareNote
Taxes on income92.8$1.24B
Other taxes on wealth and income7.2$96.77M

Over the years

39.7 % of GDPRevenue · 1,99846.1 % of GDPRevenue · 1,99945.7 % of GDPRevenue · 2,00046.7 % of GDPRevenue · 2,00142.8 % of GDPRevenue · 2,00245 % of GDPRevenue · 2,00346.5 % of GDPRevenue · 2,00449.2 % of GDPRevenue · 2,00550.7 % of GDPRevenue · 2,00649.8 % of GDPRevenue · 2,00750.8 % of GDPRevenue · 2,00844.9 % of GDPRevenue · 2,00941.6 % of GDPRevenue · 2,01043.6 % of GDPRevenue · 2,01144.6 % of GDPRevenue · 2,01244.7 % of GDPRevenue · 2,01345.9 % of GDPRevenue · 2,01442.9 % of GDPRevenue · 2,01558.5 % of GDPRevenue · 2,01645.1 % of GDPRevenue · 2,01744.4 % of GDPRevenue · 2,01841.6 % of GDPRevenue · 2,01941.6 % of GDPRevenue · 2,02040.7 % of GDPRevenue · 2,02142.4 % of GDPRevenue · 2,02243.1 % of GDPRevenue · 2,02343 % of GDPRevenue · 2,02443 % of GDPRevenue · 2,02540.3 % of GDPSpending · 1,99844.8 % of GDPSpending · 1,99944.3 % of GDPSpending · 2,00047 % of GDPSpending · 2,00145 % of GDPSpending · 2,00247.3 % of GDPSpending · 2,00346.2 % of GDPSpending · 2,00444.2 % of GDPSpending · 2,00544.3 % of GDPSpending · 2,00644.2 % of GDPSpending · 2,00762.8 % of GDPSpending · 2,00853.4 % of GDPSpending · 2,00948.2 % of GDPSpending · 2,01050 % of GDPSpending · 2,01147.2 % of GDPSpending · 2,01245.6 % of GDPSpending · 2,01345.3 % of GDPSpending · 2,01443 % of GDPSpending · 2,01545.8 % of GDPSpending · 2,01643.8 % of GDPSpending · 2,01743.4 % of GDPSpending · 2,01843 % of GDPSpending · 2,01950.4 % of GDPSpending · 2,02048.7 % of GDPSpending · 2,02146.2 % of GDPSpending · 2,02245.2 % of GDPSpending · 2,02347.1 % of GDPSpending · 2,024
Iceland: revenue and spending, 1998–2025
Iceland: revenue and spending, 1998–2025
PeriodRevenue (% of GDP)Spending (% of GDP)
1,99839.740.3
1,99946.144.8
2,00045.744.3
2,00146.747
2,00242.845
2,0034547.3
2,00446.546.2
2,00549.244.2
2,00650.744.3
2,00749.844.2
2,00850.862.8
2,00944.953.4
2,01041.648.2
2,01143.650
2,01244.647.2
2,01344.745.6
2,01445.945.3
2,01542.943
2,01658.545.8
2,01745.143.8
2,01844.443.4
2,01941.643
2,02041.650.4
2,02140.748.7
2,02242.446.2
2,02343.145.2
2,0244347.1
2,02543
Where these figures come from

Series read from Eurostat, government finance statistics (gov_10a_main, gov_10a_exp) on 2026-11-11.

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