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, 2006

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 2006's average rate (Eurostat).

Revenue
$9.01B · 50.7% of GDP
Spending
$7.87B · 44.3% of GDP
Surplus (+) or deficit (−)
$1.14B · 6.4% of GDP

What the money is spent on

Iceland, 2006: spending by function, as a share of all spending
Iceland, 2006: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services21.3$1.67B
Social protection17.7$1.39B
Education17.2$1.35B
Health16.9$1.33B
Economic affairs13.1$1.03B
Recreation, culture and religion7.7$605.32M
Public order and safety3.1$246.22M
Housing and community amenities1.5$118.91M
Environmental protection1.4$106.35M
Defence0.1$11.05M
General public services$1.67B
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions73.3$1.23B
Executive and legislative organs, financial and fiscal affairs, external affairs13.8$230.9M
General services9.2$153.81M
Foreign economic aid1.5$25.74M
Basic research1.1$19.09M
General public services n.e.c.1.1$17.83M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Social protection$1.39B
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Family and children30.1$419.87M
Old age26.4$368.9M
Sickness and disability26.3$367.01M
Housing7.7$107.1M
Social protection n.e.c.4.3$60.39M
Unemployment2.9$40.05M
Social exclusion n.e.c.2$27.87M
Survivors0.2$3.39M
R&D Social protection0$0
Education$1.35B
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education44.2$596.41M
Secondary education32.5$438.33M
Tertiary education17.7$238.56M
Education n.e.c.3.1$41.43M
Subsidiary services to education1.4$19.34M
Education not definable by level1$13.94M
Post-secondary non-tertiary education0.2$2.51M
R&D Education0$0
Health$1.33B
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services68.2$907.42M
Outpatient services19.8$263.93M
Medical products, appliances and equipment9.1$120.79M
Health n.e.c.2.2$28.63M
Public health services0.7$8.66M
R&D Health0.1$753.36K
Economic affairs$1.03B
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport58.4$601.68M
Agriculture, forestry, fishing and hunting18.7$192.99M
General economic, commercial and labour affairs8.3$85.76M
R&D Economic affairs6.4$66.17M
Fuel and energy4.1$42.69M
Economic affairs n.e.c.1.4$14.19M
Other industries1.2$11.93M
Mining, manufacturing and construction0.8$8.29M
Communication0.7$6.78M
Recreation, culture and religion$605.32M
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 services44$266.19M
Cultural services35.6$215.71M
Religious and other community services11.8$71.32M
Broadcasting and publishing services7.6$45.95M
R&D Recreation, culture and religion0.5$3.14M
Recreation, culture and religion n.e.c.0.5$3.14M
Public order and safety$246.22M
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 services57.6$141.88M
Law courts14.4$35.41M
Public order and safety n.e.c.14.4$35.41M
Fire-protection services8.3$20.34M
Prisons5.3$12.93M
R&D Public order and safety0.1$251.12K
Housing and community amenities$118.91M
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 development72.2$85.88M
Housing development22$26.12M
Street lighting5$5.9M
Housing and community amenities n.e.c.0.8$1M
Water supply0$0
R&D Housing and community amenities0$0
Environmental protection$106.35M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management67.3$71.57M
Protection of biodiversity and landscape23.4$24.86M
Environmental protection n.e.c.8.6$9.17M
R&D Environmental protection0.6$627.8K
Waste water management0.2$251.12K
Pollution abatement0$0
Defence$11.05M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Foreign military aid100$11.05M
Military defence0$0
Civil defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 2006: revenue by kind, as a share of all revenue
Iceland, 2006: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on income and wealth34.8$3.13B
Taxes on sales, production and imports34$3.06B
Income from property (interest, dividends, rent)15.5$1.4B
Social contributions6.1$549.58M
Sales, fees and charges6.1$547.19M
Capital transfers and taxes received2.5$228.9M
Other transfers received1$91.41M
Subsidies received0$0
Taxes on income and wealth$3.13B
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 income97.6$3.06B
Other taxes on wealth and income2.4$75.34M
Taxes on sales, production and imports$3.06B
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 tax62$1.9B
Not broken down, or fitting no category38$1.16B

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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