Iceland Government Deficit (% of GDP) (2024)
Iceland's Government Deficit (% of GDP): -3.7 % of GDP in 2024, -1.4pp YoY. Eurostat (GOV_10A_MAIN), 2000–2024.
Iceland (2024)
-3.7
% of GDP
-1.4pp YoY
YoY Change
-1.4pp
percentage points
Trend
down
Series length
25
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | -3.7 | -1.4pp |
| 2023 | -2.3 | +1.5pp |
| 2022 | -3.8 | +4.2pp |
| 2021 | -8 | +0.8pp |
| 2020 | -8.8 | -7.4pp |
| 2019 | -1.4 | -2.4pp |
| 2018 | 1 | -0.3pp |
| 2017 | 1.3 | -11.4pp |
| 2016 | 12.7 | +12.8pp |
| 2015 | -0.1 | -0.7pp |
| 2014 | 0.6 | +1.5pp |
| 2013 | -0.9 | +1.7pp |
| 2012 | -2.6 | +3.8pp |
| 2011 | -6.4 | +0.2pp |
| 2010 | -6.6 | +1.9pp |
| 2009 | -8.5 | +3.5pp |
| 2008 | -12 | -17.6pp |
| 2007 | 5.6 | -0.8pp |
| 2006 | 6.4 | +1.4pp |
| 2005 | 5 | n/a |
About this Dataset
Iceland recorded -3.7 % of GDP in 2024. The most recent year-on-year change was -1.4pp. The historical series (2000–2024) shows a peak of 12.7 in 2016 and a trough of -12.0 in 2008.
Data sourced from Eurostat via SDMX REST API. Values use harmonised methodology ensuring cross-country comparability within the European statistical framework.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks iceland government deficit (% of gdp) in Iceland, published by Eurostat. Data covers 2000–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. Eurostat typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 12.7 % of GDP in 2016 and reached its lowest recorded value of -12.0 in 2008. The latest reading of -3.7 in 2024 represents a year-on-year change of -1.4pp.