Iceland—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic OutlookGlobal Rank: #39 of 192
Latest Value
-0.5%
2027
YoY Change
+16.7%
2026 → 2027
Global Rank
#39
of 192 countries
Maximum
12.4%
2016
Minimum
-12.0%
2008
Last
-0.5%
Previous
-0.6%
Highest
12.4%
Lowest
-12.0%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2027 | -0.5% | +16.7% |
| 2026 | -0.6% | +45.5% |
| 2025 | -1.1% | +68.6% |
| 2024 | -3.5% | -52.2% |
| 2023 | -2.3% | +41.0% |
| 2022 | -3.9% | +53.0% |
| 2021 | -8.3% | +4.6% |
| 2020 | -8.7% | -443.7% |
| 2019 | -1.6% | -277.8% |
| 2018 | 0.9% | -10.0% |
| 2017 | 1.0% | -91.9% |
| 2016 | 12.4% | +3200.0% |
| 2015 | -0.4% | -233.3% |
| 2014 | 0.3% | +125.0% |
| 2013 | -1.2% | +53.8% |
| 2012 | -2.6% | +60.0% |
| 2011 | -6.5% | +1.5% |
| 2010 | -6.6% | +22.4% |
| 2009 | -8.5% | +29.2% |
| 2008 | -12.0% | -318.2% |
| 2007 | 5.5% | -14.1% |
| 2006 | 6.4% | +30.6% |
| 2005 | 4.9% | +1533.3% |
| 2004 | 0.3% | +113.0% |
| 2003 | -2.3% | +0.0% |
| 2002 | -2.3% | -666.7% |
| 2001 | -0.3% | -121.4% |
| 2000 | 1.4% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -0.6% | +45.5% |
| 2027Forecast | -0.5% | +16.7% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 26.5% | 2026 |
| 2 | Norway | 10.7% | 2026 |
| 3 | Nauru | 9.5% | 2026 |
| 4 | Macao SAR, China | 5.6% | 2026 |
| 5 | United Arab Emirates | 4.8% | 2026 |
| 6 | South Sudan | 4.1% | 2026 |
| 7 | Lesotho | 3.8% | 2026 |
| 8 | Liechtenstein | 3.2% | 2026 |
| 9 | Cyprus | 3.2% | 2026 |
| 10 | Singapore | 2.7% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP