European Union vs Iceland: Goods and services expense (% of expense)
Goods and services expense (% of expense) over time
- European Union
- Iceland
How they compare
Iceland currently reports 21.5% against 8.0% in European Union, a difference of 13.5%.
That makes Iceland's figure about 2.7 times European Union's.
Across all 39 years both countries report, Iceland has been ahead every year.
European Union ranks 37th and Iceland ranks 39th of 41 groups.
Iceland has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | European Union | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 9.9% | 18.7% | 8.8% | Iceland |
| 1990s | 8.7% | 22.3% | 13.6% | Iceland |
| 2000s | 8.3% | 22.2% | 14.0% | Iceland |
| 2010s | 8.0% | 20.2% | 12.3% | Iceland |
| 2020s | 7.8% | 20.6% | 12.8% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, European Union or Iceland?
- Iceland, at 21.5% against 8.0% in European Union as of 2023.
- What is the difference in goods and services expense between European Union and Iceland?
- 13.5%, with Iceland ahead.
- How many years of comparable data are there for European Union and Iceland?
- 39 years are reported by both, from 1980 to 2023.
- How do European Union and Iceland rank globally for goods and services expense?
- European Union ranks 37th and Iceland ranks 39th of 41 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.