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, 2011

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 2011's average rate (Eurostat).

Revenue
$6.71B · 43.6% of GDP
Spending
$7.7B · 50% of GDP
Surplus (+) or deficit (−)
-$988.32M · -6.4% of GDP

What the money is spent on

Iceland, 2011: spending by function, as a share of all spending
Iceland, 2011: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services24.7$1.9B
Social protection21.3$1.64B
Education14.2$1.09B
Health14$1.08B
Economic affairs11$847.73M
Recreation, culture and religion9$692.1M
Public order and safety3.1$237.61M
Housing and community amenities1.4$105.65M
Environmental protection1.1$85.89M
Defence0.2$12.67M
General public services$1.9B
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions77.4$1.47B
Executive and legislative organs, financial and fiscal affairs, external affairs9.8$186.25M
General services9.5$180.12M
Foreign economic aid1.6$30.48M
Basic research0.9$17.4M
General public services n.e.c.0.9$16.43M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Social protection$1.64B
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Sickness and disability25$410.08M
Old age22.1$362.34M
Family and children20.6$338.4M
Unemployment12.9$211.86M
Housing12.4$203.93M
Social exclusion n.e.c.4$66.12M
Social protection n.e.c.2.8$46.77M
Survivors0.2$2.78M
R&D Social protection0$0
Education$1.09B
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education45.3$493.32M
Secondary education31.2$339.65M
Tertiary education18$196.27M
Education n.e.c.2.1$23.25M
Subsidiary services to education1.9$20.18M
Education not definable by level1.3$14.62M
Post-secondary non-tertiary education0.2$1.81M
R&D Education0$139.2K
Health$1.08B
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services65.8$709.92M
Outpatient services20.6$222.16M
Medical products, appliances and equipment9.9$106.91M
Health n.e.c.3.2$34.94M
Public health services0.4$4.59M
R&D Health0.1$556.8K
Economic affairs$847.73M
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport36.3$307.91M
General economic, commercial and labour affairs31.8$269.21M
Agriculture, forestry, fishing and hunting18.9$160.5M
R&D Economic affairs7$59.72M
Fuel and energy2.5$21.3M
Economic affairs n.e.c.1.7$14.06M
Other industries1.3$10.72M
Communication0.5$4.04M
Mining, manufacturing and construction0$139.2K
Recreation, culture and religion$692.1M
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 services57.7$399.36M
Recreational and sporting services29.4$203.65M
Religious and other community services6.6$45.52M
Broadcasting and publishing services5.7$39.53M
R&D Recreation, culture and religion0.5$3.34M
Recreation, culture and religion n.e.c.0.1$696K
Public order and safety$237.61M
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 services60.4$143.52M
Public order and safety n.e.c.15.6$37.03M
Law courts11.1$26.45M
Fire-protection services7.6$17.96M
Prisons5.2$12.39M
R&D Public order and safety0.1$278.4K
Housing and community amenities$105.65M
Housing and community amenities, in detail, as a share of it
Housing and community amenities, in detail, as a share of it
RowValue (%)ShareNote
Housing development59$62.36M
Community development29.8$31.46M
Street lighting8$8.49M
Water supply2.1$2.23M
Housing and community amenities n.e.c.1.2$1.25M
R&D Housing and community amenities0$0
Environmental protection$85.89M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management62.4$53.59M
Protection of biodiversity and landscape29.3$25.2M
Environmental protection n.e.c.7.5$6.4M
R&D Environmental protection0.8$696K
Waste water management0$0
Pollution abatement0$0
Defence$12.67M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Civil defence56$7.1M
Foreign military aid45.1$5.71M
Military defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 2011: revenue by kind, as a share of all revenue
Iceland, 2011: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on income and wealth36.6$2.45B
Taxes on sales, production and imports30$2.01B
Income from property (interest, dividends, rent)16$1.07B
Social contributions8.6$576.15M
Sales, fees and charges6.7$449.2M
Other transfers received1.8$120.27M
Capital transfers and taxes received0.3$21.72M
Subsidies received0$0
Taxes on income and wealth$2.45B
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 income93.8$2.3B
Other taxes on wealth and income6.2$152.98M
Taxes on sales, production and imports$2.01B
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 tax56.1$1.13B
Not broken down, or fitting no category43.9$883.5M

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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