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Country or Region: Iceland › Change country
Economic Indicator: General Government Structural Balance (National Currency) › See all Iceland indicators, › See General Government Structural Balance (National Currency) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Icelandic Kr
Currency Symbol: ISK

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. General government includes: Central Government;Local Government;Social Security Funds Primary domestic currency: Icelandic krónur Data last updated: 03/2011

General Government Structural Balance (National Currency) for Iceland is ISK 11.362 Billion.

In the previous year, 2009, General Government Structural Balance (National Currency) for Iceland was ISK -85.47 Billion General Government Structural Balance (National Currency) for Iceland in 2010 was or will be 113.29% less than it was or will be in 2009.

In the following or forecasted year, 2011, General Government Structural Balance (National Currency) for Iceland was or will be ISK -42.96 Billion, which is 478.07% more than the 2010 figure.