Iceland General Government Structural Balance (% Potential GDP) Statistics

20, Oct 2019, EDT.

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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: 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. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Iceland , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Iceland in year 2015 is -1.594 %. 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.

This makes Iceland No. 30 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Iceland is 0.70 less than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Iceland was -1.52 % General Government Structural Balance (% Potential GDP) for Iceland in 2015 was or will be 4.59% more than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Iceland was or will be -1.37 %, which is 14.30% less than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Iceland, in other Years
Year %
  2021 -1.116
  2020 -0.486
  2019 -0.052
  2018 -0.309
  2017 -1.054
  2016 -1.366
2015 -1.594
  2014 -1.524
  2013 -1.765
  2012 -2.417
  2011 -4.211
  2010 -4.359
  2009 -10.041
  2008 -4.46
  2007 2.867
  2006 4.34
  2005 2.548
  2004 -1.039
  2003 -1.578
  2002 -1.709
  2001 -1.469
  2000 1.223
  1999 1.027
  1998 -0.333
  1997 1.339
  1996 0.405
  1995 -0.289
  1994 -2.961
  1993 -2.17
  1992 0.041
  1991 -0.862
  1990 -3.979
  1989 -5.17
  1988 -3.534
  1987 -3.05
  1986 -3.835
  1985 -0.491
  1984 3.147
  1983 -0.309
  1982 1.52
  1981 0.864
  1980 1.222