Composition of General Services Support Estimate — Cost of public in Iceland
Iceland: Composition of General Services Support Estimate — Cost of public was 10.89 Percentage of general services support estimate in 2024. ▼ Falling
Latest (2024)
10.89 Percentage of general services support estimate
Change on year
up 7.5%
World rank
3rd
of 23 countries
All-time high
54.42 Percentage of general services support estimate
in 1988
All-time low
10.13 Percentage of general services support estimate
in 2023
Years of data
39
1986–2024
Composition of General Services Support Estimate — Cost of public in Iceland, 1986–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of general services support estimate.
Analysis
Iceland recorded 10.89 Percentage of general services support estimate for composition of general services support estimate — cost of public in 2024.
That represents a change of up 7.5% on the previous year and down 73.7% over ten years.
Over the whole period, composition of general services support estimate — cost of public in Iceland peaked at 54.42 Percentage of general services support estimate in 1988 and was at its lowest, 10.13 Percentage of general services support estimate, in 2023.
That places Iceland 3rd out of 23 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 39 years of available data.
Composition of General Services Support Estimate — Cost of public in Iceland, year by year
| Year | Percentage of general services support estimate | Change |
|---|---|---|
| 1986 | 48.49 Percentage of general services support estimate | — |
| 1987 | 38.44 Percentage of general services support estimate | -20.7% |
| 1988 | 54.42 Percentage of general services support estimate | +41.5% |
| 1989 | 39.94 Percentage of general services support estimate | -26.6% |
| 1990 | 43.95 Percentage of general services support estimate | +10.0% |
| 1991 | 34.66 Percentage of general services support estimate | -21.1% |
| 1992 | 42.74 Percentage of general services support estimate | +23.3% |
| 1993 | 36.46 Percentage of general services support estimate | -14.7% |
| 1994 | 30.25 Percentage of general services support estimate | -17.1% |
| 1995 | 32.24 Percentage of general services support estimate | +6.6% |
| 1996 | 31.93 Percentage of general services support estimate | -1.0% |
| 1997 | 18.6 Percentage of general services support estimate | -41.7% |
| 1998 | 22.03 Percentage of general services support estimate | +18.4% |
| 1999 | 27.54 Percentage of general services support estimate | +25.0% |
| 2000 | 21.03 Percentage of general services support estimate | -23.6% |
| 2001 | 15.5 Percentage of general services support estimate | -26.3% |
| 2002 | 26.95 Percentage of general services support estimate | +73.9% |
| 2003 | 24.93 Percentage of general services support estimate | -7.5% |
| 2004 | 26.88 Percentage of general services support estimate | +7.8% |
| 2005 | 23.44 Percentage of general services support estimate | -12.8% |
| 2006 | 28.42 Percentage of general services support estimate | +21.2% |
| 2007 | 26.57 Percentage of general services support estimate | -6.5% |
| 2008 | 34.09 Percentage of general services support estimate | +28.3% |
| 2009 | 36 Percentage of general services support estimate | +5.6% |
| 2010 | 37.35 Percentage of general services support estimate | +3.7% |
| 2011 | 44.07 Percentage of general services support estimate | +18.0% |
| 2012 | 41.71 Percentage of general services support estimate | -5.4% |
| 2013 | 41.41 Percentage of general services support estimate | -0.7% |
| 2014 | 41.35 Percentage of general services support estimate | -0.2% |
| 2015 | 39 Percentage of general services support estimate | -5.7% |
| 2016 | 31.26 Percentage of general services support estimate | -19.8% |
| 2017 | 35.62 Percentage of general services support estimate | +13.9% |
| 2018 | 34.13 Percentage of general services support estimate | -4.2% |
| 2019 | 33.19 Percentage of general services support estimate | -2.7% |
| 2020 | 32.91 Percentage of general services support estimate | -0.9% |
| 2021 | 10.78 Percentage of general services support estimate | -67.2% |
| 2022 | 10.49 Percentage of general services support estimate | -2.7% |
| 2023 | 10.13 Percentage of general services support estimate | -3.5% |
| 2024 | 10.89 Percentage of general services support estimate | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 45.32 Percentage of general services support estimate | 38.44 Percentage of general services support estimate | 54.42 Percentage of general services support estimate | 4 |
| 1990s | 32.04 Percentage of general services support estimate | 18.6 Percentage of general services support estimate | 43.95 Percentage of general services support estimate | 10 |
| 2000s | 26.38 Percentage of general services support estimate | 15.5 Percentage of general services support estimate | 36 Percentage of general services support estimate | 10 |
| 2010s | 37.91 Percentage of general services support estimate | 31.26 Percentage of general services support estimate | 44.07 Percentage of general services support estimate | 10 |
| 2020s | 15.04 Percentage of general services support estimate | 10.13 Percentage of general services support estimate | 32.91 Percentage of general services support estimate | 5 |
Countries ranked near Iceland
- 1 China 33.36 Percentage of general services support estimate compare
- 1 Viet Nam 2.27 Percentage of general services support estimate compare
- 2 United Kingdom 0.2668 Percentage of general services support estimate compare
- 2 Indonesia 21.91 Percentage of general services support estimate compare
- 3 Türkiye 0 Percentage of general services support estimate
- 3 United States 0 Percentage of general services support estimate compare
- 4 Philippines 10.82 Percentage of general services support estimate compare
- 5 Switzerland 6.89 Percentage of general services support estimate compare
- 6 Kazakhstan 5.37 Percentage of general services support estimate compare
More public sector data for Iceland
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
- Tax revenue 23.2% (2023)
- Capital stock, General government, Current prices, Domestic currency 1,595 (2019)
- Taxes on income, profits and capital gains 34.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 51.25 (2019)
- Capital stock, General government, Constant prices, Purchasing power 10.26 (2019)
- Taxes on goods and services 35.2% (2023)
Frequently asked questions
- What is composition of general services support estimate — cost of public in Iceland?
- Composition of general services support estimate — cost of public in Iceland was 10.89 Percentage of general services support estimate in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest composition of general services support estimate — cost of public recorded in Iceland?
- The highest recorded value was 54.42 Percentage of general services support estimate in 1988.
- What is the lowest composition of general services support estimate — cost of public recorded in Iceland?
- The lowest recorded value was 10.13 Percentage of general services support estimate in 2023.
- How does Iceland rank for composition of general services support estimate — cost of public?
- Iceland ranks 3rd out of 23 countries with data for 2024.
- Is composition of general services support estimate — cost of public rising or falling in Iceland?
- Over the last ten years it is down 73.7%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Composition of General Services Support Estimate — Cost of public stockholding, relative to GSSE. Statizoid updates them automatically from the source API.
Download this data
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About this data
This dataset is a complement to the report Agricultural Policy Monitoring and Evaluation 2025, which monitors agricultural policy developments in 38 OECD member countries, 5 non-OECD European Union member states and 11 emerging and developing economies: Argentina, Brazil, People’s Republic of China, India, Indonesia, Kazakhstan, the Philippines, the Russian Federation, South Africa, Ukraine and Viet Nam. This table presents the composition of the General Services Support Estimate.