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, 2001

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 2001's average rate (Eurostat).

Revenue
$3.88B · 46.7% of GDP
Spending
$3.9B · 47% of GDP
Surplus (+) or deficit (−)
-$22.21M · -0.3% of GDP

What the money is spent on

Iceland, 2001: spending by function, as a share of all spending
Iceland, 2001: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services26.1$1.02B
Social protection16.3$636.41M
Health16.1$628.17M
Education15.4$599.51M
Economic affairs14.6$569.6M
Recreation, culture and religion6.1$236.17M
Public order and safety3$117.86M
Environmental protection1.4$55.62M
Housing and community amenities1$37.88M
Defence0.1$2.06M
General public services$1.02B
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions76.5$778.81M
Executive and legislative organs, financial and fiscal affairs, external affairs13$132.37M
General services6$61.17M
General public services n.e.c.2.8$28.39M
Basic research0.9$8.96M
Foreign economic aid0.8$7.97M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Social protection$636.41M
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Old age28.4$180.73M
Family and children26.4$168.1M
Sickness and disability23$146.25M
Housing9$57.23M
Social protection n.e.c.7.1$45.32M
Unemployment2.9$18.72M
Social exclusion n.e.c.2.8$17.73M
Survivors0.4$2.24M
R&D Social protection0$0
Health$628.17M
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services68.7$431.5M
Outpatient services18.8$118.04M
Medical products, appliances and equipment9.5$59.47M
Health n.e.c.2.4$15.23M
Public health services0.6$3.49M
R&D Health0.1$358.24K
Education$599.51M
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education44.1$264.65M
Secondary education33.9$203.03M
Tertiary education16.6$99.68M
Education n.e.c.2.6$15.49M
Education not definable by level1.4$8.42M
Subsidiary services to education1.2$6.99M
Post-secondary non-tertiary education0.2$1.16M
R&D Education0$0
Economic affairs$569.6M
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport53.9$307.28M
Agriculture, forestry, fishing and hunting21.2$120.82M
General economic, commercial and labour affairs10$56.69M
R&D Economic affairs7.6$43.17M
Fuel and energy3.6$20.42M
Mining, manufacturing and construction1.2$6.9M
Other industries0.9$5.28M
Economic affairs n.e.c.0.8$4.75M
Communication0.7$4.12M
Recreation, culture and religion$236.17M
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 services43.2$101.92M
Recreational and sporting services31.9$75.41M
Religious and other community services15.8$37.35M
Broadcasting and publishing services8.4$19.88M
R&D Recreation, culture and religion0.5$1.25M
Recreation, culture and religion n.e.c.0.1$268.68K
Public order and safety$117.86M
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 services55.2$65.11M
Fire-protection services16.3$19.26M
Law courts13.4$15.85M
Public order and safety n.e.c.9$10.57M
Prisons5.9$6.99M
R&D Public order and safety0$0
Environmental protection$55.62M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management64.9$36.09M
Protection of biodiversity and landscape22.2$12.36M
Environmental protection n.e.c.7.7$4.3M
Waste water management2.3$1.25M
Pollution abatement2.3$1.25M
R&D Environmental protection0.8$447.8K
Housing and community amenities$37.88M
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 development54.1$20.51M
Housing development35.5$13.43M
Street lighting8.7$3.31M
Housing and community amenities n.e.c.1.7$626.92K
Water supply0$0
R&D Housing and community amenities0$0
Defence$2.06M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Foreign military aid100$2.06M
Military defence0$0
Civil defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 2001: revenue by kind, as a share of all revenue
Iceland, 2001: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on income and wealth33.7$1.31B
Taxes on sales, production and imports31.9$1.24B
Income from property (interest, dividends, rent)19.7$765.83M
Sales, fees and charges6.8$264.92M
Social contributions5.8$224.44M
Capital transfers and taxes received1.2$44.78M
Other transfers received1$37.17M
Subsidies received0$0
Taxes on income and wealth$1.31B
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$1.21B
Other taxes on wealth and income7.2$93.59M
Taxes on sales, production and imports$1.24B
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$741.92M
Not broken down, or fitting no category40$493.92M

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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