In 2021, general government revenue (% of GDP) for Iceland was 41.3 %. Though Iceland general government revenue (% of GDP) fluctuated substantially in recent years, it tended to decrease through 2002 - 2021 period ending at 41.3 % in 2021.
The description is composed by our digital data assistant.Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government's net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of non-financial and financial assets or incurrence of liabilities.
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