28, Feb 2020, EST.

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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) 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.