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, 2010

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 2010's average rate (Eurostat).

Revenue
$5.81B · 41.6% of GDP
Spending
$6.72B · 48.2% of GDP
Surplus (+) or deficit (−)
-$913.67M · -6.6% of GDP

What the money is spent on

Iceland, 2010: spending by function, as a share of all spending
Iceland, 2010: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services24.2$1.62B
Social protection21.2$1.43B
Health14.8$995.2M
Education14.8$994.41M
Economic affairs13.4$903.33M
Recreation, culture and religion7$470.89M
Public order and safety2.5$168.1M
Environmental protection1.2$81.4M
Housing and community amenities0.8$52.5M
Defence0.1$6.1M
General public services$1.62B
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions73.4$1.19B
Executive and legislative organs, financial and fiscal affairs, external affairs11.8$191.96M
General services9.7$156.96M
General public services n.e.c.2.2$35.66M
Foreign economic aid2$33.14M
Basic research0.9$14.85M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Social protection$1.43B
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Sickness and disability24.6$351.44M
Family and children24.2$346.01M
Old age18.7$266.73M
Unemployment14.5$207.6M
Housing9.3$133.1M
Social protection n.e.c.4.5$64.43M
Social exclusion n.e.c.3.9$55.02M
Survivors0.2$2.65M
R&D Social protection0$0
Health$995.2M
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services65.9$656.22M
Outpatient services20.3$202.43M
Medical products, appliances and equipment10.4$103.14M
Health n.e.c.2.7$26.65M
Public health services0.6$6.1M
R&D Health0.1$530.28K
Education$994.41M
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education44.4$441.72M
Secondary education30.8$306.1M
Tertiary education18.8$186.92M
Subsidiary services to education2.1$21.21M
Education n.e.c.1.9$18.43M
Education not definable by level1.8$17.9M
Post-secondary non-tertiary education0.2$1.72M
R&D Education0$265.14K
Economic affairs$903.33M
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport37.1$334.74M
General economic, commercial and labour affairs35.3$318.7M
Agriculture, forestry, fishing and hunting16.4$147.82M
R&D Economic affairs5.9$52.9M
Fuel and energy2.3$20.68M
Other industries1.3$12.06M
Economic affairs n.e.c.1.2$11.14M
Communication0.6$5.17M
Mining, manufacturing and construction0$132.57K
Recreation, culture and religion$470.89M
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 services46.6$219.4M
Cultural services34.9$164.39M
Religious and other community services9.8$46.13M
Broadcasting and publishing services7.6$35.66M
R&D Recreation, culture and religion0.8$3.98M
Recreation, culture and religion n.e.c.0.3$1.33M
Public order and safety$168.1M
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 services52.8$88.69M
Public order and safety n.e.c.15.4$25.85M
Law courts15.3$25.72M
Fire-protection services9.7$16.31M
Prisons6.6$11.14M
R&D Public order and safety0.2$265.14K
Environmental protection$81.4M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management62.1$50.51M
Protection of biodiversity and landscape28.5$23.2M
Environmental protection n.e.c.7.8$6.36M
Waste water management0.8$662.85K
R&D Environmental protection0.8$662.85K
Pollution abatement0$0
Housing and community amenities$52.5M
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 development42.2$22.14M
Housing development39.6$20.81M
Street lighting16.4$8.62M
Housing and community amenities n.e.c.2$1.06M
Water supply0$0
R&D Housing and community amenities0$0
Defence$6.1M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Foreign military aid100$6.1M
Military defence0$0
Civil defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 2010: revenue by kind, as a share of all revenue
Iceland, 2010: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on income and wealth35.9$2.09B
Taxes on sales, production and imports30.9$1.79B
Income from property (interest, dividends, rent)14.5$841.29M
Social contributions9$520.87M
Sales, fees and charges7.1$412.16M
Other transfers received1.9$110.3M
Capital transfers and taxes received0.8$45.87M
Subsidies received0$0
Taxes on income and wealth$2.09B
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 income94.1$1.96B
Other taxes on wealth and income5.9$123.02M
Taxes on sales, production and imports$1.79B
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 tax56.5$1.01B
Not broken down, or fitting no category43.5$780.44M

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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