Expenditure, General government, Percent of GDP in Iceland
Iceland: Expenditure, General government, Percent of GDP was 42.84 in 2030. ▬ Flat
Latest (2030)
42.84
Change on year
down 0.1%
World rank
38th
of 195 countries
All-time high
62.78
in 2008
All-time low
40.24
in 1998
Years of data
40
1991–2030
Expenditure, General government, Percent of GDP in Iceland, 1991–2030
Source: International Monetary Fund.
Analysis
In 2030, expenditure, general government, percent of gdp in Iceland stood at 42.84.
That represents a change of down 0.1% on the previous year and down 14.6% over ten years.
Over the whole period, expenditure, general government, percent of gdp in Iceland peaked at 62.78 in 2008 and was at its lowest, 40.24, in 1998.
Iceland ranks 38th of 195 countries on this measure, in the top quarter.
Expenditure, General government, Percent of GDP in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 42.85 | — |
| 1992 | 44.68 | +4.3% |
| 1993 | 45.1 | +0.9% |
| 1994 | 44.97 | -0.3% |
| 1995 | 44.37 | -1.3% |
| 1996 | 43.94 | -1.0% |
| 1997 | 41.32 | -6.0% |
| 1998 | 40.24 | -2.6% |
| 1999 | 44.77 | +11.3% |
| 2000 | 44.26 | -1.1% |
| 2001 | 46.91 | +6.0% |
| 2002 | 44.99 | -4.1% |
| 2003 | 47.23 | +5.0% |
| 2004 | 46.22 | -2.1% |
| 2005 | 44.23 | -4.3% |
| 2006 | 44.31 | +0.2% |
| 2007 | 44.12 | -0.4% |
| 2008 | 62.78 | +42.3% |
| 2009 | 53.34 | -15.0% |
| 2010 | 48.19 | -9.6% |
| 2011 | 49.97 | +3.7% |
| 2012 | 47.12 | -5.7% |
| 2013 | 45.63 | -3.2% |
| 2014 | 45.36 | -0.6% |
| 2015 | 43.02 | -5.1% |
| 2016 | 45.8 | +6.4% |
| 2017 | 43.82 | -4.3% |
| 2018 | 43.16 | -1.5% |
| 2019 | 43.05 | -0.3% |
| 2020 | 50.16 | +16.5% |
| 2021 | 48.71 | -2.9% |
| 2022 | 45.93 | -5.7% |
| 2023 | 45 | -2.0% |
| 2024 | 46.54 | +3.4% |
| 2025 | 44.75 | -3.8% |
| 2026 | 43.35 | -3.1% |
| 2027 | 43.08 | -0.6% |
| 2028 | 42.93 | -0.4% |
| 2029 | 42.87 | -0.1% |
| 2030 | 42.84 | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 43.58 | 40.24 | 45.1 | 9 |
| 2000s | 47.84 | 44.12 | 62.78 | 10 |
| 2010s | 45.51 | 43.02 | 49.97 | 10 |
| 2020s | 45.33 | 42.87 | 50.16 | 10 |
| 2030s | 42.84 | 42.84 | 42.84 | 1 |
Countries ranked near Iceland
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 expenditure, general government, percent of gdp in Iceland?
- Expenditure, general government, percent of gdp in Iceland was 42.84 in 2030, according to International Monetary Fund.
- What is the highest expenditure, general government, percent of gdp recorded in Iceland?
- The highest recorded value was 62.78 in 2008.
- What is the lowest expenditure, general government, percent of gdp recorded in Iceland?
- The lowest recorded value was 40.24 in 1998.
- How does Iceland rank for expenditure, general government, percent of gdp?
- Iceland ranks 38th out of 195 countries with data for 2030.
- Is expenditure, general government, percent of gdp rising or falling in Iceland?
- Over the last ten years it is down 14.6%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Expenditure, General government, Percent of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
Fiscal Monitor (FM) 2025 October