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, 2013

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 2013's average rate (Eurostat).

Revenue
$7.26B · 44.7% of GDP
Spending
$7.4B · 45.6% of GDP
Surplus (+) or deficit (−)
-$142.24M · -0.9% of GDP

What the money is spent on

Iceland, 2013: spending by function, as a share of all spending
Iceland, 2013: spending by function, as a share of all spending
RowValue (%)ShareNote
General public services25.9$1.91B
Social protection21.4$1.58B
Health15.5$1.15B
Education14.9$1.1B
Economic affairs10.3$765.25M
Recreation, culture and religion6.7$496.05M
Public order and safety2.9$215.42M
Environmental protection1.1$82.48M
Housing and community amenities1.1$78.36M
Defence0.2$11.16M
General public services$1.91B
General public services, in detail, as a share of it
General public services, in detail, as a share of it
RowValue (%)ShareNote
Public debt transactions72.1$1.38B
Executive and legislative organs, financial and fiscal affairs, external affairs10.9$208.64M
General services9.7$184.87M
Basic research3.6$68.13M
General public services n.e.c.2.2$41.3M
Foreign economic aid1.6$31.48M
R&D General public services0$0
Transfers of a general character between different levels of government0$0
Social protection$1.58B
Social protection, in detail, as a share of it
Social protection, in detail, as a share of it
RowValue (%)ShareNote
Sickness and disability28$442.66M
Old age24$379.57M
Family and children23$363.77M
Unemployment9.1$144.1M
Housing7.3$115.15M
Social exclusion n.e.c.4.4$69.86M
Social protection n.e.c.4.1$65.21M
Survivors0.2$2.66M
R&D Social protection0$0
Health$1.15B
Health, in detail, as a share of it
Health, in detail, as a share of it
RowValue (%)ShareNote
Hospital services66.8$768.57M
Outpatient services21.2$243.31M
Medical products, appliances and equipment8.3$95.76M
Health n.e.c.3.2$37.32M
Public health services0.4$4.38M
R&D Health0$531.24K
Education$1.1B
Education, in detail, as a share of it
Education, in detail, as a share of it
RowValue (%)ShareNote
Pre-primary and primary education43.8$483.3M
Secondary education31.8$350.62M
Tertiary education18.4$203.6M
Education not definable by level2$22.18M
Education n.e.c.2$21.78M
Subsidiary services to education1.9$20.45M
Post-secondary non-tertiary education0.2$1.73M
R&D Education0$132.81K
Economic affairs$765.25M
Economic affairs, in detail, as a share of it
Economic affairs, in detail, as a share of it
RowValue (%)ShareNote
Transport49.3$376.91M
Agriculture, forestry, fishing and hunting19.4$148.35M
General economic, commercial and labour affairs13.6$104.12M
R&D Economic affairs7.9$60.69M
Economic affairs n.e.c.3.6$27.89M
Fuel and energy3.1$23.51M
Other industries2.1$16.07M
Communication1$7.44M
Mining, manufacturing and construction0$265.62K
Recreation, culture and religion$496.05M
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 services44.6$221.13M
Cultural services37$183.41M
Religious and other community services9.1$45.02M
Broadcasting and publishing services8.3$41.17M
R&D Recreation, culture and religion0.9$4.52M
Recreation, culture and religion n.e.c.0.1$664.05K
Public order and safety$215.42M
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 services46.1$99.34M
Public order and safety n.e.c.23.4$50.47M
Law courts14.7$31.61M
Fire-protection services8.7$18.73M
Prisons6.6$14.21M
R&D Public order and safety0.6$1.2M
Environmental protection$82.48M
Environmental protection, in detail, as a share of it
Environmental protection, in detail, as a share of it
RowValue (%)ShareNote
Waste management59.3$48.87M
Protection of biodiversity and landscape28.8$23.77M
Environmental protection n.e.c.11.3$9.3M
R&D Environmental protection0.8$664.05K
Waste water management0$0
Pollution abatement0$0
Housing and community amenities$78.36M
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 development50.8$39.84M
Community development38.1$29.88M
Street lighting9.2$7.17M
Housing and community amenities n.e.c.1.7$1.33M
Water supply0$0
R&D Housing and community amenities0$0
Defence$11.16M
Defence, in detail, as a share of it
Defence, in detail, as a share of it
RowValue (%)ShareNote
Civil defence61.9$6.91M
Foreign military aid38.1$4.25M
Military defence0$0
R&D Defence0$0
Defence n.e.c.0$0

Where the money comes from

Iceland, 2013: revenue by kind, as a share of all revenue
Iceland, 2013: revenue by kind, as a share of all revenue
RowValue (%)ShareNote
Taxes on income and wealth38.2$2.77B
Taxes on sales, production and imports30.1$2.19B
Income from property (interest, dividends, rent)14.5$1.05B
Social contributions7.9$571.75M
Sales, fees and charges6.9$503.48M
Other transfers received1.7$122.32M
Capital transfers and taxes received0.7$50.47M
Subsidies received0$0
Taxes on income and wealth$2.77B
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$2.6B
Other taxes on wealth and income6.2$172.12M
Taxes on sales, production and imports$2.19B
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$1.23B
Not broken down, or fitting no category43.9$960.35M

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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