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, 2009

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 2009's average rate (Eurostat).

Revenue
$5.92B · 44.9% of GDP
Spending
$7.04B · 53.4% of GDP
Surplus (+) or deficit (−)
-$1.12B · -8.5% of GDP

What the money is spent on

Iceland, 2009: spending by function, as a share of all spending
Iceland, 2009: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services28.9$2.03B
Social protection20$1.41B
Health14.4$1.01B
Education14.2$996.31M
Economic affairs11$773.7M
Recreation, culture and religion6.7$470.88M
Public order and safety2.8$196.95M
Environmental protection1.1$80.76M
Housing and community amenities0.9$61.23M
Defence0.1$5.3M
General public services$2.03B
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions80.3$1.63B
Executive and legislative organs, financial and fiscal affairs, external affairs9.4$190.39M
General services6.7$135.99M
Foreign economic aid1.6$32.78M
General public services n.e.c.1.3$27.34M
Basic research0.7$14.78M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Social protection$1.41B
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Family and children24.1$338.8M
Sickness and disability24$338.1M
Old age19.2$270.31M
Unemployment14.8$208.1M
Housing8.4$118.14M
Social protection n.e.c.5.9$83.13M
Social exclusion n.e.c.3.4$47.56M
Survivors0.2$2.51M
R&D Social protection0$0
Health$1.01B
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services66.3$672.29M
Outpatient services19.8$200.29M
Medical products, appliances and equipment10.9$110.05M
Health n.e.c.2.4$24.41M
Public health services0.6$6M
R&D Health0.1$557.92K
Education$996.31M
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education44.3$441.31M
Secondary education31.3$311.88M
Tertiary education19$188.86M
Education not definable by level1.8$17.85M
Subsidiary services to education1.7$17.44M
Education n.e.c.1.7$16.88M
Post-secondary non-tertiary education0.2$1.81M
R&D Education0$278.96K
Economic affairs$773.7M
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport49.8$384.96M
Agriculture, forestry, fishing and hunting18.5$142.97M
General economic, commercial and labour affairs17.2$133.2M
R&D Economic affairs6.8$52.44M
Fuel and energy2.6$20.22M
Economic affairs n.e.c.1.7$13.53M
Communication1.6$12.27M
Other industries1.3$10.32M
Mining, manufacturing and construction0.5$3.77M
Recreation, culture and religion$470.88M
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 services44.1$207.69M
Cultural services38$178.95M
Religious and other community services10.3$48.4M
Broadcasting and publishing services6.2$29.01M
R&D Recreation, culture and religion0.8$3.91M
Recreation, culture and religion n.e.c.0.6$2.79M
Public order and safety$196.95M
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 services63.2$124.56M
Law courts12.9$25.39M
Public order and safety n.e.c.10.7$21.06M
Fire-protection services7.9$15.62M
Prisons5.1$10.04M
R&D Public order and safety0.1$278.96K
Environmental protection$80.76M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management65.5$52.86M
Protection of biodiversity and landscape25$20.22M
Environmental protection n.e.c.8.6$6.97M
R&D Environmental protection0.7$557.92K
Waste water management0.2$139.48K
Pollution abatement0$0
Housing and community amenities$61.23M
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 development45.3$27.76M
Housing development31.2$19.11M
Street lighting11.4$6.97M
Water supply10.3$6.28M
Housing and community amenities n.e.c.1.8$1.12M
R&D Housing and community amenities0$0
Defence$5.3M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Foreign military aid94.7$5.02M
Defence n.e.c.5.3$278.96K
Military defence0$0
Civil defence0$0
R&D Defence0$0

Where the money comes from

Iceland, 2009: revenue by kind, as a share of all revenue
Iceland, 2009: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on income and wealth34.2$2.02B
Taxes on sales, production and imports28.5$1.69B
Income from property (interest, dividends, rent)22.2$1.32B
Sales, fees and charges6.4$377.85M
Social contributions6.3$370.88M
Other transfers received1.7$99.17M
Capital transfers and taxes received0.7$42.26M
Subsidies received0$0
Taxes on income and wealth$2.02B
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 income95.8$1.94B
Other taxes on wealth and income4.2$84.8M
Taxes on sales, production and imports$1.69B
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 tax58.1$980.82M
Not broken down, or fitting no category41.9$708.28M

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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