NAAG Chapter 6A … Expenditure by function of general government in Iceland
Iceland: NAAG Chapter 6A … Expenditure by function of general government was 47.14 Percentage of GDP in 2024. ▬ Flat
NAAG Chapter 6A: Government expenditure by function — Expenditure by in Iceland, 1998–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, naag chapter 6a: government expenditure by function — expenditure by in Iceland stood at 47.14 Percentage of GDP.
That represents a change of up 4.3% on the previous year and up 4.0% over ten years.
Over the whole period, naag chapter 6a: government expenditure by function — expenditure by in Iceland peaked at 62.82 Percentage of GDP in 2008 and was at its lowest, 40.32 Percentage of GDP, in 1998.
That places Iceland 11th out of 26 countries with data for 2024, putting it in the middle of the range.
NAAG Chapter 6A … Expenditure by function of general government in Iceland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1998 | 40.32 Percentage of GDP | — |
| 1999 | 44.84 Percentage of GDP | +11.2% |
| 2000 | 44.31 Percentage of GDP | -1.2% |
| 2001 | 46.96 Percentage of GDP | +6.0% |
| 2002 | 45 Percentage of GDP | -4.2% |
| 2003 | 47.32 Percentage of GDP | +5.2% |
| 2004 | 46.23 Percentage of GDP | -2.3% |
| 2005 | 44.23 Percentage of GDP | -4.3% |
| 2006 | 44.34 Percentage of GDP | +0.2% |
| 2007 | 44.2 Percentage of GDP | -0.3% |
| 2008 | 62.82 Percentage of GDP | +42.1% |
| 2009 | 53.35 Percentage of GDP | -15.1% |
| 2010 | 48.24 Percentage of GDP | -9.6% |
| 2011 | 50 Percentage of GDP | +3.7% |
| 2012 | 47.21 Percentage of GDP | -5.6% |
| 2013 | 45.58 Percentage of GDP | -3.4% |
| 2014 | 45.34 Percentage of GDP | -0.5% |
| 2015 | 43.04 Percentage of GDP | -5.1% |
| 2016 | 45.85 Percentage of GDP | +6.5% |
| 2017 | 43.81 Percentage of GDP | -4.4% |
| 2018 | 43.36 Percentage of GDP | -1.0% |
| 2019 | 43.01 Percentage of GDP | -0.8% |
| 2020 | 50.42 Percentage of GDP | +17.2% |
| 2021 | 48.65 Percentage of GDP | -3.5% |
| 2022 | 46.15 Percentage of GDP | -5.1% |
| 2023 | 45.19 Percentage of GDP | -2.1% |
| 2024 | 47.14 Percentage of GDP | +4.3% |
Iceland compared with similar countries
- Iceland's 47.14 Percentage of GDP is above the median for high income countries, which is 46.4 Percentage of GDP, 1.0× the median. (25 countries reporting)
- Iceland's 47.14 Percentage of GDP is below the median for Europe & Central Asia, which is 47.76 Percentage of GDP, 99% of the median. (19 countries reporting)
Biggest year-on-year movements
Years where NAAG Chapter 6A … Expenditure by function of general government in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +42.1% | 44.2 Percentage of GDP | 62.82 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 42.58 Percentage of GDP | 40.32 Percentage of GDP | 44.84 Percentage of GDP | 2 |
| 2000s | 47.88 Percentage of GDP | 44.2 Percentage of GDP | 62.82 Percentage of GDP | 10 |
| 2010s | 45.54 Percentage of GDP | 43.01 Percentage of GDP | 50 Percentage of GDP | 10 |
| 2020s | 47.51 Percentage of GDP | 45.19 Percentage of GDP | 50.42 Percentage of GDP | 5 |
Countries ranked near Iceland
- 8 Lithuania 39.42 Percentage of GDP compare
- 8 Luxembourg 49.07 Percentage of GDP compare
- 9 Greece 48.25 Percentage of GDP compare
- 10 Norway 47.76 Percentage of GDP compare
- 12 Hungary 47.12 Percentage of GDP compare
- 13 Denmark 46.4 Percentage of GDP compare
- 14 United Kingdom 46.04 Percentage of GDP compare
More public sector data for Iceland
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is naag chapter 6a: government expenditure by function — expenditure by in Iceland?
- Naag chapter 6a: government expenditure by function — expenditure by in Iceland was 47.14 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest naag chapter 6a: government expenditure by function — expenditure by recorded in Iceland?
- The highest recorded value was 62.82 Percentage of GDP in 2008.
- What is the lowest naag chapter 6a: government expenditure by function — expenditure by recorded in Iceland?
- The lowest recorded value was 40.32 Percentage of GDP in 1998.
- How does Iceland rank for naag chapter 6a: government expenditure by function — expenditure by?
- Iceland ranks 11th out of 26 countries with data for 2024.
- Is naag chapter 6a: government expenditure by function — expenditure by rising or falling in Iceland?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of NAAG Chapter 6A: Government expenditure by function — Expenditure by function of general government. Statizoid updates them automatically from the source API.
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About this data
The National Accounts at a Glance (NAAG) is based on the original publication and has nine chapters: The first chapter focuses on indicators of Gross Domestic Product (GDP). The second is about income and related indicators and presents measures of net national income, savings and net lending/net borrowing. The third chapter looks at the expenditure approach to GDP, with information on the key components of demand and imports. The fourth chapter presents indicators from a production perspective. The fifth chapter looks at household sector indicators such as household disposable income, saving and net worth. The sixth chapter focuses on general government, presenting indicators such as general government revenue, expenditure and gross debt. The seventh chapter looks at financial and non-financial corporations. The eighth chapter presents indicators of capital stock and depreciation. Finally, chapter 9 provides reference indicators, important in their own right but also because they are used in the construction of many of the indicators presented elsewhere in NAAG.