Iceland - Interest payments (% of revenue)

Interest payments (% of revenue) in Iceland was 13.07 as of 2019. Its highest value over the past 47 years was 34.24 in 2009, while its lowest value was 2.89 in 1972.

Definition: Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 2.89
1973 3.43
1974 3.76
1975 6.82
1976 5.56
1977 6.09
1978 7.58
1979 7.98
1980 5.94
1981 6.40
1982 7.24
1983 9.36
1984 10.26
1985 11.52
1986 10.84
1987 7.88
1988 9.80
1989 10.22
1990 10.60
1991 11.12
1992 10.57
1993 11.20
1994 11.43
1995 12.21
1996 10.54
1997 10.14
1998 10.16
1999 9.42
2000 8.63
2001 8.98
2002 7.88
2003 7.02
2004 6.02
2005 13.11
2006 14.54
2007 15.57
2008 27.75
2009 34.24
2010 24.45
2011 25.40
2012 25.08
2013 23.17
2014 18.49
2015 19.92
2016 11.79
2017 15.79
2018 13.86
2019 13.07

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance