Iceland vs South Asia: Goods and services expense
Goods and services expense over time
- Iceland
- South Asia
How they compare
Iceland currently reports 21.5% against 5.6% in South Asia, a difference of 15.9%.
That makes Iceland's figure about 3.8 times South Asia's.
Across all 33 years both countries report, Iceland has been ahead every year.
Iceland ranks 39th and South Asia ranks 40th of 154 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | South Asia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.3% | 16.1% | 6.2% | Iceland |
| 2000s | 22.2% | 13.0% | 9.3% | Iceland |
| 2010s | 20.2% | 9.7% | 10.6% | Iceland |
| 2020s | 20.3% | 5.7% | 14.5% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Iceland or South Asia?
- Iceland, at 21.5% against 5.6% in South Asia as of 2023.
- What is the difference in goods and services expense between Iceland and South Asia?
- 15.9%, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Asia?
- 33 years are reported by both, from 1990 to 2022.
- How do Iceland and South Asia rank globally for goods and services expense?
- Iceland ranks 39th and South Asia ranks 40th 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.