# Government balance in Iceland

Government balance in Iceland was -2.4% of GDP in 2025. Source: Organisation for Economic Co-operation and Development.

- Indicator id: `government_deficit`
- Place id: `is`
- Unit: % of GDP
- Definition: General government net lending (+) or net borrowing (-) as a percentage of GDP.
- Source: Organisation for Economic Co-operation and Development, OECD National Accounts at a Glance: net lending (+) or net borrowing (-) of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, B9S13) (https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD)
- Publisher page: https://invokely.ai/en/publishers/oecd
- Retrieved: 2026-10-12
- License: OECD data reuse terms: commercial reuse with attribution; dataset-specific restrictions apply
- Citation: OECD. OECD National Accounts at a Glance: net lending (+) or net borrowing (-) of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, B9S13). https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD. Accessed 2026-10-12. Data reuse terms and downstream attribution: https://www.oecd.org/en/about/terms-conditions.html
- Web page: https://invokely.ai/en/government-balance/iceland
- API: https://invokely.ai/api/v1/series?indicator=government_deficit&place=is

| Period | % of GDP |
|---|---:|
| 2025 | -2.4 |
| 2024 | -4.2 |
| 2023 | -2.1 |
| 2022 | -3.8 |
| 2021 | -8 |
| 2020 | -8.8 |
| 2019 | -1.4 |
| 2018 | 1 |
| 2017 | 1.3 |
| 2016 | 12.7 |
| 2015 | -0.1 |
| 2014 | 0.6 |
| 2013 | -0.9 |
| 2012 | -2.6 |
| 2011 | -6.4 |
| 2010 | -6.6 |
| 2009 | -8.5 |
| 2008 | -12 |
| 2007 | 5.6 |
| 2006 | 6.4 |
| 2005 | 5 |
| 2004 | 0.3 |
| 2003 | -2.3 |
| 2002 | -2.2 |
| 2001 | -0.3 |
| 2000 | 1.4 |
| 1999 | 1.3 |
| 1998 | -0.6 |