Iceland vs Latvia: Economic affairs, Ratio of this level of government's expenditure on

Iceland
0.8045
in 2020
Latvia
0.8102
in 2020
Iceland rank
32nd
Latvia rank
29th

Economic affairs, Ratio of this level of government's expenditure on over time

  • Iceland
  • Latvia
00.20.40.60.81199520072020

How they compare

Latvia currently reports 0.8102 against 0.8045 in Iceland, a difference of 0.0057.

The two have swapped places 8 times across 23 shared years of data; in 1998 it was Latvia ahead.

Iceland ranks 32nd and Latvia ranks 29th of 60 countries.

Across the 4 decades both report, Iceland averaged higher in 2 and Latvia in 2.

Head to head by decade

Decade Iceland Latvia Difference Ahead
1990s 0.7895 0.875 0.0855 Latvia
2000s 0.8098 0.7753 0.0345 Iceland
2010s 0.8015 0.791 0.0105 Iceland
2020s 0.8045 0.8102 0.0057 Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher economic affairs, ratio of this level of government's expenditure on, Iceland or Latvia?
Latvia, at 0.8102 against 0.8045 in Iceland as of 2020.
What is the difference in economic affairs, ratio of this level of government's expenditure on between Iceland and Latvia?
0.0057, with Latvia ahead.
How many years of comparable data are there for Iceland and Latvia?
23 years are reported by both, from 1998 to 2020.
How do Iceland and Latvia rank globally for economic affairs, ratio of this level of government's expenditure on?
Iceland ranks 32nd and Latvia ranks 29th of 60 countries.
Where does this data come from?
International Monetary Fund, published as Economic affairs, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Latvia: Economic affairs, Ratio of this level of government's expenditure on. Statizoid, drawing on International Monetary Fund. Retrieved 17 September 2026, from https://public-sector.statizoid.com/compare/economic-affairs-ratio-of-this-level-of-government-s-expenditure-on-this-item-to-total/iceland/latvia/

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About this data

Indicator
Economic affairs, Ratio of this level of government's expenditure on this item to total general government expenditure on this, Percent (Central government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
60 places, 1,211 data points, 1990–2020
Last refreshed

The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.