Iceland vs Lithuania: Annual government expenditure by function (COFOG) — Gross fixed

Iceland
182,288 National currency
in 2024
Lithuania
3,326 National currency
in 2024
Iceland rank
8th
Lithuania rank
6th

Annual government expenditure by function (COFOG) — Gross fixed over time

  • Iceland
  • Lithuania
050.0k100.0k150.0k200.0k199520092024

How they compare

Iceland currently reports 182,288 National currency against 3,326 National currency in Lithuania, a difference of 178,962 National currency.

That makes Iceland's figure about 54.8 times Lithuania's.

Across all 27 years both countries report, Iceland has been ahead every year.

Iceland ranks 8th and Lithuania ranks 6th of 27 countries.

Iceland has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Iceland Lithuania Difference Ahead
1990s 32,331 National currency 327.83 National currency 32,003 National currency Iceland
2000s 49,205 National currency 857.74 National currency 48,347 National currency Iceland
2010s 73,809 National currency 1,419 National currency 72,391 National currency Iceland
2020s 155,214 National currency 2,526 National currency 152,688 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 fixed, Iceland or Lithuania?
Iceland, at 182,288 National currency against 3,326 National currency in Lithuania as of 2024.
What is the difference in annual government expenditure by function (cofog) — gross fixed between Iceland and Lithuania?
178,962 National currency, with Iceland ahead.
How many years of comparable data are there for Iceland and Lithuania?
27 years are reported by both, from 1998 to 2024.
How do Iceland and Lithuania rank globally for annual government expenditure by function (cofog) — gross fixed?
Iceland ranks 8th and Lithuania ranks 6th of 27 countries.
Where does this data come from?
Organisation for Economic Co-operation and Development, published as Annual government expenditure by function (COFOG) — Gross fixed capital formation. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Lithuania: Annual government expenditure by function (COFOG) — Gross fixed. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 25 August 2026, from https://public-sector.statizoid.com/compare/annual-government-expenditure-by-function-cofog-gross-fixed-capital-formation/iceland/lithuania-2/

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About this data

Indicator
Annual government expenditure by function (COFOG) — Gross fixed capital formation
Unit
National currency
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
38 places, 1,116 data points, 1970–2025
Last refreshed

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