{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"is-government-deficit-gdp","url":"https://apiardata.com/statistics/is-government-deficit-gdp","html_url":"https://apiardata.com/statistics/is-government-deficit-gdp/","title":"Iceland Government Deficit (% of GDP) (2025)","description":"Iceland's Government Deficit (% of GDP): -2.4 % of GDP in 2025, +1.8pp YoY. Eurostat (GOV_10A_MAIN), 2000–2025.","domain":"macro","category":"Economy & Macro","keywords":["Macroeconomics","Eurostat","Iceland","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Iceland","temporal_coverage":"2000/2025","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"Iceland Government Deficit (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/GOV_10A_MAIN/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2025"},{"label":"Observations","value":"26"},{"label":"Geography","value":"Iceland"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Iceland (2025)","value":"-2.4","unit":"% of GDP","trend":{"direction":"up","value":"+1.8pp YoY"}},{"label":"YoY Change","value":"+1.8pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Iceland Government Deficit (% of GDP)"}],"observation_count":26,"observations":[{"period":"2000","value":1.4},{"period":"2001","value":-0.3},{"period":"2002","value":-2.2},{"period":"2003","value":-2.3},{"period":"2004","value":0.3},{"period":"2005","value":5},{"period":"2006","value":6.4},{"period":"2007","value":5.6},{"period":"2008","value":-12},{"period":"2009","value":-8.5},{"period":"2010","value":-6.6},{"period":"2011","value":-6.4},{"period":"2012","value":-2.6},{"period":"2013","value":-0.9},{"period":"2014","value":0.6},{"period":"2015","value":-0.1},{"period":"2016","value":12.7},{"period":"2017","value":1.3},{"period":"2018","value":1},{"period":"2019","value":-1.4},{"period":"2020","value":-8.8},{"period":"2021","value":-8},{"period":"2022","value":-3.8},{"period":"2023","value":-2.1},{"period":"2024","value":-4.2},{"period":"2025","value":-2.4}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"-2.4","yoyChange":"+1.8pp"},{"year":"2024","value":"-4.2","yoyChange":"-2.1pp"},{"year":"2023","value":"-2.1","yoyChange":"+1.7pp"},{"year":"2022","value":"-3.8","yoyChange":"+4.2pp"},{"year":"2021","value":"-8.0","yoyChange":"+0.8pp"},{"year":"2020","value":"-8.8","yoyChange":"-7.4pp"},{"year":"2019","value":"-1.4","yoyChange":"-2.4pp"},{"year":"2018","value":"1.0","yoyChange":"-0.3pp"},{"year":"2017","value":"1.3","yoyChange":"-11.4pp"},{"year":"2016","value":"12.7","yoyChange":"+12.8pp"},{"year":"2015","value":"-0.1","yoyChange":"-0.7pp"},{"year":"2014","value":"0.6","yoyChange":"+1.5pp"},{"year":"2013","value":"-0.9","yoyChange":"+1.7pp"},{"year":"2012","value":"-2.6","yoyChange":"+3.8pp"},{"year":"2011","value":"-6.4","yoyChange":"+0.2pp"},{"year":"2010","value":"-6.6","yoyChange":"+1.9pp"},{"year":"2009","value":"-8.5","yoyChange":"+3.5pp"},{"year":"2008","value":"-12.0","yoyChange":"-17.6pp"},{"year":"2007","value":"5.6","yoyChange":"-0.8pp"},{"year":"2006","value":"6.4","yoyChange":"+1.4pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks the general government balance (surplus/deficit as % of GDP) in Iceland from 2000 to present. Show Maastricht 3% deficit threshold context. It is published by Eurostat and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2000–2025 (26 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 12.7 % of GDP in 2016 and reached its lowest recorded value of -12 in 2008. The latest reading of -2.4 in 2025 represents a change of +1.8pp."}]}