Aaron O'Neill
Research lead for society, economy, and politics: Europe & global
Get in touch with us nowIceland's budget balance in relation to GDP 2029
The budget balance in relation to the GDP in Iceland was forecast to continuously increase between 2024 and 2029 by in total 2.2 percentage points. After the fifth consecutive increasing year, the budget balance is estimated to reach -0.93 percent and therefore a new peak in 2029.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more key insights for the budget balance in relation to the GDP in countries like Denmark, Norway, and Sweden.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more key insights for the budget balance in relation to the GDP in countries like Denmark, Norway, and Sweden.
