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24Peaks / Europe / Iceland / Gross Operating Balance (% of GDP)

Iceland - Gross Operating Balance (% of GDP) 2.09

IMF GFS (accrual) · updated 2026-10-03 · 102 economies tracked

Latest value

2.09 (2023)

Global rank

##42 of 102 economies

Share of global total

0.9%

Growth since 2017

0.52×

Ranking Race — Gross Operating Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#16#31#46#61#76#91201720222025#33#422022 overtook Mexico2023 overtook Portugal
IcelandCanadaTürkiyeNew ZealandUnited States

Real annual global ranks, 2017 - 2025. Iceland climbed from #33 to #42 (overtook Mexico). Gaps in a lane = missing data that year.

Key events for Iceland ↓

Key Events — Iceland

Auto-detected from rank data + curated milestones

2019
Fell 36 places in global rank auto
2022
Overtook Mexico in global rank auto
2022
Climbed 16 places in global rank auto
2023
Overtook Portugal in global rank auto
2023
Climbed 23 places in global rank auto

Gross Operating Balance (% of GDP), 2017-2023

IMF GFS (accrual) · % of GDP · linear scale · ranking in the race above
201720222023-5.07-1.691.685.06

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Related indicators

Primary Balance (% of GDP), Government Net Lending and Borrowing (% of GDP), Fiscal Balance (% of GDP)

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