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, 2005

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 2005's average rate (Eurostat).

Revenue
$8.45B · 49.2% of GDP
Spending
$7.6B · 44.2% of GDP
Surplus (+) or deficit (−)
$851.96M · 5% of GDP

What the money is spent on

Iceland, 2005: spending by function, as a share of all spending
Iceland, 2005: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services19.8$1.51B
Social protection19$1.44B
Health17.4$1.32B
Education17.4$1.32B
Economic affairs13.4$1.02B
Recreation, culture and religion7.3$552.26M
Public order and safety3.2$240.73M
Environmental protection1.4$107.61M
Housing and community amenities1$76.51M
Defence0.1$5.72M
General public services$1.51B
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions68.8$1.04B
Executive and legislative organs, financial and fiscal affairs, external affairs16.4$246.83M
General services10$150.04M
General public services n.e.c.2.5$37.07M
Basic research1.3$19.03M
Foreign economic aid1.1$17.04M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Social protection$1.44B
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Family and children27.9$401.84M
Old age27.2$392.26M
Sickness and disability25.6$369.12M
Housing8.5$122.67M
Social protection n.e.c.4.4$63.45M
Unemployment3.9$56.11M
Social exclusion n.e.c.2.2$31.85M
Survivors0.3$4.11M
R&D Social protection0$0
Health$1.32B
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services68$899.73M
Outpatient services19.7$260.27M
Medical products, appliances and equipment9.2$121.3M
Health n.e.c.2.5$32.84M
Public health services0.7$8.96M
R&D Health0.1$870.87K
Education$1.32B
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education43.6$575.89M
Secondary education32.3$426.48M
Tertiary education18.1$239.12M
Education n.e.c.3.1$41.55M
Subsidiary services to education1.4$18.41M
Education not definable by level1.2$16.42M
Post-secondary non-tertiary education0.2$2.49M
R&D Education0$0
Economic affairs$1.02B
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport51$521.28M
Agriculture, forestry, fishing and hunting24$245.34M
General economic, commercial and labour affairs9.1$93.18M
R&D Economic affairs8.1$83.23M
Fuel and energy3$31.1M
Economic affairs n.e.c.2$20.03M
Other industries1.2$12.07M
Mining, manufacturing and construction1.1$11.2M
Communication0.4$3.98M
Recreation, culture and religion$552.26M
Recreation, culture and religion, in detail, as a share of it
Recreation, culture and religion, in detail, as a share of it
RowValue (%)ShareNote
Recreational and sporting services40.8$225.56M
Cultural services37.2$205.28M
Religious and other community services13.8$76.01M
Broadcasting and publishing services7.2$39.56M
Recreation, culture and religion n.e.c.0.6$3.23M
R&D Recreation, culture and religion0.5$2.74M
Public order and safety$240.73M
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 services55.8$134.36M
Public order and safety n.e.c.15.3$36.83M
Law courts14.2$34.21M
Fire-protection services9.1$21.9M
Prisons5.6$13.56M
R&D Public order and safety0$0
Environmental protection$107.61M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management67.5$72.66M
Protection of biodiversity and landscape24$25.88M
Environmental protection n.e.c.7.6$8.21M
R&D Environmental protection0.6$622.05K
Waste water management0.2$248.82K
Pollution abatement0$0
Housing and community amenities$76.51M
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 development47.5$36.33M
Housing development36.7$28.12M
Street lighting14$10.7M
Housing and community amenities n.e.c.1.6$1.24M
Water supply0$0
R&D Housing and community amenities0$0
Defence$5.72M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Foreign military aid100$5.72M
Military defence0$0
Civil defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 2005: revenue by kind, as a share of all revenue
Iceland, 2005: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on sales, production and imports35.8$3.02B
Taxes on income and wealth35.3$2.98B
Income from property (interest, dividends, rent)13.1$1.11B
Sales, fees and charges7.1$597.04M
Social contributions6.2$521.28M
Capital transfers and taxes received1.6$135.48M
Other transfers received0.9$80.24M
Subsidies received0$0
Taxes on sales, production and imports$3.02B
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 tax59.9$1.81B
Not broken down, or fitting no category40.1$1.21B
Taxes on income and wealth$2.98B
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 income96$2.87B
Other taxes on wealth and income4$119.68M

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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