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Country or Region: Iceland › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Iceland indicators, › See General Government Structural Balance (% Potential GDP) 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. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) for Iceland in year 2010 is 0.7 %

This makes Iceland No. 5 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2010. The world's average General Government Structural Balance (% Potential GDP) value is -0.95 %; Iceland is 1.65 more than the average.

In the previous year, 2009, General Government Structural Balance (% Potential GDP) for Iceland was -5.57 % General Government Structural Balance (% Potential GDP) for Iceland in 2010 was or will be 112.58% less than it was or will be in 2009.

In the following or forecasted year, 2011, General Government Structural Balance (% Potential GDP) for Iceland was or will be -2.58 %, which is 468.57% less than the 2010 figure.