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, 2000

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 2000's average rate (Eurostat).

Revenue
$4.18B · 45.7% of GDP
Spending
$4.05B · 44.3% of GDP
Surplus (+) or deficit (−)
$131.06M · 1.4% of GDP

What the money is spent on

Iceland, 2000: spending by function, as a share of all spending
Iceland, 2000: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services21.7$879.45M
Social protection17.7$716.9M
Health17.3$700.74M
Education15.9$643.93M
Economic affairs14.7$593.97M
Recreation, culture and religion6.8$277.36M
Public order and safety3.3$133.74M
Environmental protection1.6$64.84M
Housing and community amenities1$39.07M
Defence0$1.75M
General public services$879.45M
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions73.5$646.43M
Executive and legislative organs, financial and fiscal affairs, external affairs17.2$151.29M
General services8$70.75M
Basic research1.1$9.33M
Foreign economic aid0.8$6.83M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
General public services n.e.c.-0.6-$5.26M
Social protection$716.9M
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Old age29.3$209.93M
Sickness and disability23.7$170.22M
Family and children21.5$154.15M
Social protection n.e.c.10.6$75.92M
Housing9$64.37M
Unemployment3$21.8M
Social exclusion n.e.c.2.5$17.92M
Survivors0.4$2.68M
R&D Social protection0$0
Health$700.74M
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services68.2$478.24M
Outpatient services18.6$130.23M
Medical products, appliances and equipment10.1$70.56M
Health n.e.c.2.5$17.18M
Public health services0.6$4.06M
R&D Health0.1$461.8K
Education$643.93M
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education46.3$298.32M
Secondary education31.4$201.99M
Tertiary education17.1$110M
Education n.e.c.2.5$15.98M
Subsidiary services to education1.3$8.59M
Education not definable by level1.2$7.67M
Post-secondary non-tertiary education0.2$1.29M
R&D Education0$0
Economic affairs$593.97M
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport52.1$309.41M
Agriculture, forestry, fishing and hunting21.7$128.66M
R&D Economic affairs9.4$56.06M
General economic, commercial and labour affairs8.9$53.01M
Fuel and energy4$23.83M
Mining, manufacturing and construction1.5$8.87M
Other industries1$5.82M
Economic affairs n.e.c.0.7$4.43M
Communication0.6$3.79M
Recreation, culture and religion$277.36M
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 services43.4$120.44M
Recreational and sporting services30.7$85.16M
Religious and other community services16.6$46.09M
Broadcasting and publishing services8.4$23.27M
R&D Recreation, culture and religion0.5$1.29M
Recreation, culture and religion n.e.c.0.4$1.02M
Public order and safety$133.74M
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 services53.8$71.95M
Fire-protection services18.4$24.57M
Law courts13.2$17.64M
Public order and safety n.e.c.8.8$11.82M
Prisons5.8$7.76M
R&D Public order and safety0$0
Environmental protection$64.84M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management70.7$45.81M
Protection of biodiversity and landscape18.4$11.91M
Environmental protection n.e.c.8.1$5.26M
Waste water management2$1.29M
R&D Environmental protection0.9$554.16K
Pollution abatement0$0
Housing and community amenities$39.07M
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 development46.8$18.29M
Housing development41.8$16.35M
Street lighting9.7$3.79M
Housing and community amenities n.e.c.1.7$646.52K
Water supply0$0
R&D Housing and community amenities0$0
Defence$1.75M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Foreign military aid100$1.75M
Military defence0$0
Civil defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 2000: revenue by kind, as a share of all revenue
Iceland, 2000: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on sales, production and imports36.9$1.54B
Taxes on income and wealth33.4$1.4B
Income from property (interest, dividends, rent)14.3$598.77M
Sales, fees and charges7.1$296.66M
Social contributions6$250.48M
Capital transfers and taxes received1.5$60.77M
Other transfers received0.9$37.5M
Subsidies received0$0
Taxes on sales, production and imports$1.54B
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$924.71M
Not broken down, or fitting no category40$616.87M
Taxes on income and wealth$1.4B
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 income92.4$1.29B
Other taxes on wealth and income7.6$105.57M

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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