Iceland vs North America: Goods and services expense
Goods and services expense over time
- Iceland
- North America
How they compare
Iceland currently reports 21.5% against 6.9% in North America, a difference of 14.6%.
That makes Iceland's figure about 3.1 times North America's.
The two have swapped places 1 time across 47 shared years of data; in 1972 it was North America ahead.
Iceland ranks 39th and North America ranks 39th of 154 countries.
Across the 6 decades both report, Iceland averaged higher in 4 and North America in 2.
Head to head by decade
| Decade | Iceland | North America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 11.3% | 19.2% | 7.9% | North America |
| 1980s | 18.7% | 19.6% | 0.9% | North America |
| 1990s | 22.3% | 11.1% | 11.2% | Iceland |
| 2000s | 22.2% | 8.6% | 13.6% | Iceland |
| 2010s | 20.2% | 7.7% | 12.6% | Iceland |
| 2020s | 20.6% | 6.4% | 14.2% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Iceland or North America?
- Iceland, at 21.5% against 6.9% in North America as of 2023.
- What is the difference in goods and services expense between Iceland and North America?
- 14.6%, with Iceland ahead.
- How many years of comparable data are there for Iceland and North America?
- 47 years are reported by both, from 1972 to 2023.
- How do Iceland and North America rank globally for goods and services expense?
- Iceland ranks 39th and North America ranks 39th of 154 countries.
- 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.
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 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.