Iceland vs Saudi Arabia: Goods and services expense
Goods and services expense over time
- Iceland
- Saudi Arabia
How they compare
Saudi Arabia currently reports 313.02 billion current LCU against 300.99 billion current LCU in Iceland, a difference of 12.04 billion current LCU.
The two have swapped places 3 times across 14 shared years of data; in 2010 it was Iceland ahead.
Iceland ranks 43rd and Saudi Arabia ranks 42nd of 155 countries.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 155.41 billion current LCU | 139.02 billion current LCU | 16.39 billion current LCU | Iceland |
| 2020s | 254.25 billion current LCU | 242.34 billion current LCU | 11.91 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Iceland or Saudi Arabia?
- Saudi Arabia, at 313.02 billion current LCU against 300.99 billion current LCU in Iceland as of 2024.
- What is the difference in goods and services expense between Iceland and Saudi Arabia?
- 12.04 billion current LCU, with Saudi Arabia ahead.
- How many years of comparable data are there for Iceland and Saudi Arabia?
- 14 years are reported by both, from 2010 to 2023.
- How do Iceland and Saudi Arabia rank globally for goods and services expense?
- Iceland ranks 43rd and Saudi Arabia ranks 42nd of 155 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.