Iceland General Government Structural Balance (National Currency) Statistics

19, Jul 2019, EDT.

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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: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
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. Source: National Statistics Office Latest actual data: 2014 Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Accrual General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Face value Primary domestic currency: Icelandic kr

General Government Structural Balance (National Currency) Statistics for Iceland , Year 2015 - In Detail

General Government Structural Balance (National Currency) for Iceland is ISK -35.008 Billion. 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.

In the previous year, 2014, General Government Structural Balance (National Currency) for Iceland was ISK -30.54 Billion General Government Structural Balance (National Currency) for Iceland in 2015 was or will be 14.63% more than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (National Currency) for Iceland was or will be ISK -32.04 Billion, which is 8.48% more than the 2015 figure.

* Source: IMF
General Government Structural Balance (National Currency) for Iceland, in other Years
Year Billion
  2021 -34.893
  2020 -14.441
  2019 -1.478
  2018 -8.211
  2017 -26.413
  2016 -32.039
2015 -35.008
  2014 -30.54
  2013 -33.285
  2012 -43.443
  2011 -72.719
  2010 -73.022
  2009 -162.019
  2008 -67.678
  2007 38.011
  2006 51.399
  2005 26.217
  2004 -9.857
  2003 -14.158
  2002 -14.765
  2001 -11.777
  2000 8.659
  1999 6.65
  1998 -1.972
  1997 7.256
  1996 2.077
  1995 -1.394
  1994 -13.625
  1993 -9.631
  1992 0.18
  1991 -3.653
  1990 -15.44
  1989 -17.342
  1988 -9.569
  1987 -6.584
  1986 -6.722
  1985 -0.676
  1984 3.199
  1983 -0.243
  1982 0.664
  1981 0.24
  1980 0.222