Fiscal Balance in Iceland
The fiscal balance of Iceland averaged -1.0% of GDP in the decade to 2022. The fiscal balance in 2022 was -4.1% of GDP. For more fiscal balance information, visit our dedicated page.
Iceland Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Iceland from 2022 to 2021.
Source: Macrobond.
Iceland Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -1.6 | -8.9 | -8.3 | -4.0 | -2.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Icelandic fiscal balance projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Icelandic fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Icelandic fiscal balance projections.
Want to get access to the full dataset of Icelandic fiscal balance forecasts? Send an email to info@focus-economics.com.