Australia vs Iceland: Annual government expenditure by function (COFOG) — Gross capital
Annual government expenditure by function (COFOG) — Gross capital over time
- Australia
- Iceland
How they compare
Iceland currently reports 186,101 National currency against 105,307 National currency in Australia, a difference of 80,794 National currency.
That makes Iceland's figure about 1.8 times Australia's.
Across all 27 years both countries report, Iceland has been ahead every year.
Australia ranks 13th and Iceland ranks 10th of 28 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 14,929 National currency | 32,331 National currency | 17,402 National currency | Iceland |
| 2000s | 27,456 National currency | 49,330 National currency | 21,875 National currency | Iceland |
| 2010s | 55,630 National currency | 75,224 National currency | 19,593 National currency | Iceland |
| 2020s | 94,760 National currency | 157,891 National currency | 63,131 National currency | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher annual government expenditure by function (cofog) — gross capital, Australia or Iceland?
- Iceland, at 186,101 National currency against 105,307 National currency in Australia as of 2024.
- What is the difference in annual government expenditure by function (cofog) — gross capital between Australia and Iceland?
- 80,794 National currency, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 27 years are reported by both, from 1998 to 2024.
- How do Australia and Iceland rank globally for annual government expenditure by function (cofog) — gross capital?
- Australia ranks 13th and Iceland ranks 10th of 28 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Annual government expenditure by function (COFOG) — Gross capital formation and acquisitions less disposals of non-produced assets. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org