Iceland vs Turkey: Use of goods and services, Transactions (Statement of operations)
Use of goods and services, Transactions (Statement of operations) over time
- Iceland
- Turkey
How they compare
Turkey currently reports 2.40 trillion against 570.08 billion in Iceland, a difference of 1.83 trillion.
That makes Turkey's figure about 4.2 times Iceland's.
The two have swapped places 1 time across 11 shared years of data; in 2015 it was Iceland ahead.
Iceland ranks 6th and Turkey ranks 3rd of 35 countries.
Across the 2 decades both report, Iceland averaged higher in 1 and Turkey in 1.
Head to head by decade
| Decade | Iceland | Turkey | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 281.67 billion | 161.14 billion | 120.53 billion | Iceland |
| 2020s | 457.65 billion | 1.05 trillion | 596.87 billion | Turkey |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher use of goods and services, transactions, Iceland or Turkey?
- Turkey, at 2.40 trillion against 570.08 billion in Iceland as of 2025.
- What is the difference in use of goods and services, transactions between Iceland and Turkey?
- 1.83 trillion, with Turkey ahead.
- How many years of comparable data are there for Iceland and Turkey?
- 11 years are reported by both, from 2015 to 2025.
- How do Iceland and Turkey rank globally for use of goods and services, transactions?
- Iceland ranks 6th and Turkey ranks 3rd of 35 countries.
- Where does this data come from?
- International Monetary Fund, published as Use of goods and services, Transactions (Statement of operations, General government). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.