Public Sector in Iceland 226 indicators covering public sector for Iceland. IndicatorLatest Year10-yr change Rank Democracy, annual growth rate 0 % change on previous year 2025 — 3rd Chief executive of the government is elected, annual growth rate 0 % change on previous year 2025 — 1st Universal right to vote in practice, annual growth rate 0 % change on previous year 2025 — 1st Elected parliament, annual growth rate 0 % change on previous year 2025 — 1st Universal right to vote, annual growth rate 0 % change on previous year 2025 — 1st Men's universal right to vote, annual growth rate 0 % change on previous year 2025 — 1st Democracy 7 2025 unchanged 1st Chief executive of the government is elected 1 2025 unchanged 1st Elected parliament 1 2025 unchanged 1st Men's universal right to vote 1 2025 unchanged 1st Competitive elections 1 2025 unchanged 1st Universal right to vote 2 2025 unchanged 1st Universal right to vote in practice 2 2025 unchanged 1st Military expenditure (current USD), per capita 0 current USD per person 2024 — 164th Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP 2024 — 163rd Military expenditure (current USD), gaps filled 0 current USD 2024 — 164th Military expenditure (current USD), per square kilometre 0 current USD per square kilometre 2023 — 164th Tax revenue 23.2% 2023 up 7.7% 29th Capital stock, General government, Current prices, Domestic currency 1,595 2019 up 29.0% 81st Taxes on income, profits and capital gains 34.6% 2023 up 37.0% 32nd Capital stock, General government, Constant prices, Percent of GDP 51.25 2019 down 24.1% 102nd Capital stock, General government, Constant prices, Purchasing power 10.26 2019 down 0.6% 142nd Taxes on goods and services 35.2% 2023 up 5.4% 57th Net investment in nonfinancial assets 2.3% 2023 up 16.8% 95th Capital stock, General government, Current prices, Domestic currency 0.0044 units per person 2019 up 14.0% 16th Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP 2019 down 31.8% 60th Net lending (+) / net borrowing (-) -1.1% 2023 down 34.6% 49th Capital stock, General government, Current prices, Domestic currency 0.0158 units per square kilometre 2019 up 28.3% 69th Capital stock, General government, Constant prices, Purchasing power 0 units per person 2019 down 12.2% 25th Capital stock, General government, Constant prices, Purchasing power 0 units per US$ of GDP 2019 down 47.4% 165th Interest payments 14.9% 2023 down 35.5% 29th Gross fixed capital formation, General government, Current prices 93.87 2019 up 45.3% 79th Capital stock, General government, Constant prices, Purchasing power 0.0001 units per square kilometre 2019 down 1.2% 139th Gross fixed capital formation, General government, Current prices -4.09 % change on previous year 2019 up 68.9% 128th Gross fixed capital formation, General government, Constant prices 3.02 2019 down 14.5% 121st Gross fixed capital formation, General government, Constant prices 0.6043 2019 up 11.9% 139th Gross fixed capital formation, General government, Constant prices -9.85 % change on previous year 2019 up 62.1% 133rd Capital stock, General government, Current prices, Domestic currency 8.39 % change on previous year 2019 down 59.5% 62nd Gross fixed capital formation, General government, Current prices 0.0003 units per person 2019 up 28.3% 17th Gross fixed capital formation, General government, Current prices 0 units per US$ of GDP 2019 down 23.2% 63rd Grants and other revenue 17.2% 2023 down 32.7% 85th Interest payments 14.7% 2023 down 34.9% 29th Other taxes 3.0% 2023 down 31.2% 28th Capital stock, General government, Constant prices, Purchasing power 1.88 % change on previous year 2019 down 34.4% 108th Gross fixed capital formation, General government, Current prices 0.0009 units per square kilometre 2019 up 44.5% 70th Gross fixed capital formation, General government, Constant prices 0 units per person 2019 down 1.1% 31st Gross fixed capital formation, General government, Constant prices 0 units per US$ of GDP 2019 down 40.8% 163rd Compensation of employees 23.8% 2023 up 8.7% 82nd Goods and services expense 21.5% 2023 up 4.5% 39th Gross fixed capital formation, General government, Constant prices 0 units per square kilometre 2019 up 11.3% 143rd Armed forces personnel, total, gaps filled 0 2020 down 100.0% 169th Taxes on international trade 0.4% 2023 down 48.9% 126th Subsidies and other transfers 29.4% 2023 up 12.5% 102nd Revenue, General government, Percent of GDP 42.8 2030 up 3.3% 27th Military expenditure 0 current USD 2024 — 165th Tax revenue (current LCU), gaps filled 1.01 trillion current LCU 2023 up 137.3% 53rd Armed forces personnel, total, per capita 0 units per person 2020 down 100.0% 169th Armed forces personnel, total 0 2020 down 100.0% 169th Expenditure, General government, Percent of GDP 42.84 2030 down 14.6% 38th Revenue, excluding grants (current LCU), gaps filled 1.38 trillion current LCU 2023 up 107.5% 53rd Page 1 of 4 Next →