Iceland vs OECD members: Goods and services expense
Goods and services expense over time
- Iceland
- OECD members
How they compare
Iceland currently reports 21.5% against 7.9% in OECD members, a difference of 13.6%.
That makes Iceland's figure about 2.7 times OECD members's.
The two have swapped places 3 times across 47 shared years of data; in 1972 it was OECD members ahead.
Iceland ranks 39th and OECD members ranks 36th of 154 countries.
Across the 6 decades both report, Iceland averaged higher in 5 and OECD members in 1.
Head to head by decade
| Decade | Iceland | OECD members | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 11.3% | 13.5% | 2.2% | OECD members |
| 1980s | 18.7% | 11.2% | 7.5% | Iceland |
| 1990s | 22.3% | 9.3% | 13.0% | Iceland |
| 2000s | 22.2% | 8.5% | 13.8% | Iceland |
| 2010s | 20.2% | 8.4% | 11.8% | Iceland |
| 2020s | 20.6% | 7.9% | 12.7% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Iceland or OECD members?
- Iceland, at 21.5% against 7.9% in OECD members as of 2023.
- What is the difference in goods and services expense between Iceland and OECD members?
- 13.6%, with Iceland ahead.
- How many years of comparable data are there for Iceland and OECD members?
- 47 years are reported by both, from 1972 to 2023.
- How do Iceland and OECD members rank globally for goods and services expense?
- Iceland ranks 39th and OECD members ranks 36th 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.