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, 2002

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 2002's average rate (Eurostat).

Revenue
$4.05B · 42.8% of GDP
Spending
$4.26B · 45% of GDP
Surplus (+) or deficit (−)
-$208.88M · -2.2% of GDP

What the money is spent on

Iceland, 2002: spending by function, as a share of all spending
Iceland, 2002: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services19$811.14M
Social protection18.3$780.31M
Health18.3$779.65M
Education17.1$726.79M
Economic affairs14.1$600.17M
Recreation, culture and religion7$297.01M
Public order and safety3.1$130.78M
Housing and community amenities1.7$71.11M
Environmental protection1.4$61.56M
Defence0.1$2.65M
General public services$811.14M
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions67.2$544.85M
Executive and legislative organs, financial and fiscal affairs, external affairs19.4$157.16M
General services9.3$75.74M
General public services n.e.c.1.9$15.04M
Basic research1.2$10.02M
Foreign economic aid1$8.42M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Social protection$780.31M
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Family and children28.1$219.1M
Old age27.4$213.61M
Sickness and disability22.2$172.86M
Housing9.8$76.22M
Social protection n.e.c.5.3$41.13M
Unemployment4.6$35.55M
Social exclusion n.e.c.2.5$19.29M
Survivors0.3$2.55M
R&D Social protection0$0
Health$779.65M
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services69.7$543.72M
Outpatient services17.9$139.67M
Medical products, appliances and equipment9.3$72.62M
Health n.e.c.2.4$19.01M
Public health services0.5$4.16M
R&D Health0$378.24K
Education$726.79M
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education44.2$321.5M
Secondary education33.6$244.44M
Tertiary education17.1$124.16M
Education n.e.c.2.2$16.08M
Subsidiary services to education1.4$10.02M
Education not definable by level1.1$7.94M
Post-secondary non-tertiary education0.4$2.65M
R&D Education0$0
Economic affairs$600.17M
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport50.7$304.29M
Agriculture, forestry, fishing and hunting22.4$134.46M
General economic, commercial and labour affairs9.8$58.72M
R&D Economic affairs8.2$49.36M
Fuel and energy3.8$23.07M
Mining, manufacturing and construction1.6$9.46M
Economic affairs n.e.c.1.4$8.6M
Other industries1.4$8.23M
Communication0.7$3.97M
Recreation, culture and religion$297.01M
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 services39.6$117.54M
Recreational and sporting services37.3$110.82M
Religious and other community services14.1$41.89M
Broadcasting and publishing services8.3$24.68M
R&D Recreation, culture and religion0.5$1.51M
Recreation, culture and religion n.e.c.0.2$472.8K
Public order and safety$130.78M
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 services59.4$77.73M
Law courts13.5$17.68M
Public order and safety n.e.c.10.8$14.18M
Fire-protection services10.6$13.9M
Prisons5.6$7.38M
R&D Public order and safety0$0
Housing and community amenities$71.11M
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 development71.3$50.68M
Housing development23.1$16.45M
Street lighting4.7$3.31M
Housing and community amenities n.e.c.0.8$567.36K
Water supply0$0
R&D Housing and community amenities0$0
Environmental protection$61.56M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management65.9$40.57M
Protection of biodiversity and landscape24.6$15.13M
Environmental protection n.e.c.8.8$5.39M
R&D Environmental protection0.8$472.8K
Waste water management0.2$94.56K
Pollution abatement0$0
Defence$2.65M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Foreign military aid100$2.65M
Military defence0$0
Civil defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 2002: revenue by kind, as a share of all revenue
Iceland, 2002: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on income and wealth36.4$1.47B
Taxes on sales, production and imports34.5$1.4B
Income from property (interest, dividends, rent)12.8$517.15M
Sales, fees and charges7.8$317.44M
Social contributions6.3$256.73M
Capital transfers and taxes received1.2$48.04M
Other transfers received1$39.24M
Subsidies received0$0
Taxes on income and wealth$1.47B
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 income92.9$1.37B
Other taxes on wealth and income7.1$105.34M
Taxes on sales, production and imports$1.4B
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$842.06M
Not broken down, or fitting no category39.8$557.43M

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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