Size of public procurement - government at a glance indicators, 2025 in Iceland

Iceland: Size of public procurement - government at a glance indicators, 2025 was 15.61 Percentage of GDP in 2024. ▬ Flat

Latest (2024)
15.61 Percentage of GDP
Change on year
up 1.7%
World rank
10th
of 34 countries
All-time high
16.45 Percentage of GDP
in 2008
All-time low
12.97 Percentage of GDP
in 2016
Years of data
18
2007–2024

Size of public procurement - government at a glance indicators, 2025 in Iceland, 2007–2024

0510152007201520242007: 15.9 Percentage of GDP2008: 16.4 Percentage of GDP2009: 15.9 Percentage of GDP2010: 15.1 Percentage of GDP2011: 16.1 Percentage of GDP2012: 14.4 Percentage of GDP2013: 14.6 Percentage of GDP2014: 14.2 Percentage of GDP2015: 13.5 Percentage of GDP2016: 13 Percentage of GDP2017: 13.6 Percentage of GDP2018: 14.9 Percentage of GDP2019: 14.4 Percentage of GDP2020: 15.7 Percentage of GDP2021: 16.3 Percentage of GDP2022: 15.4 Percentage of GDP2023: 15.3 Percentage of GDP2024: 15.6 Percentage of GDP

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.

Analysis

The most recent figure for size of public procurement - government at a glance indicators, 2025 in Iceland is 15.61 Percentage of GDP, measured in 2024.

Compared with earlier readings it is up 1.7% on the previous year and up 9.5% over ten years.

Over the whole period, size of public procurement - government at a glance indicators, 2025 in Iceland peaked at 16.45 Percentage of GDP in 2008 and was at its lowest, 12.97 Percentage of GDP, in 2016.

That places Iceland 10th out of 34 countries with data for 2024, putting it in the middle of the range.

Size of public procurement - government at a glance indicators, 2025 in Iceland, year by year

Annual values for Size of public procurement - government at a glance indicators, 2025 edition — Government procurement spending in Iceland, 2007 to 2024.
Year Percentage of GDP Change
2007 15.86 Percentage of GDP
2008 16.45 Percentage of GDP +3.7%
2009 15.94 Percentage of GDP -3.1%
2010 15.11 Percentage of GDP -5.2%
2011 16.06 Percentage of GDP +6.3%
2012 14.39 Percentage of GDP -10.4%
2013 14.64 Percentage of GDP +1.7%
2014 14.25 Percentage of GDP -2.7%
2015 13.49 Percentage of GDP -5.3%
2016 12.97 Percentage of GDP -3.9%
2017 13.58 Percentage of GDP +4.7%
2018 14.89 Percentage of GDP +9.6%
2019 14.45 Percentage of GDP -3.0%
2020 15.73 Percentage of GDP +8.9%
2021 16.33 Percentage of GDP +3.8%
2022 15.41 Percentage of GDP -5.6%
2023 15.35 Percentage of GDP -0.4%
2024 15.61 Percentage of GDP +1.7%

Averages by decade

DecadeAverage LowestHighest Years
2000s 16.08 Percentage of GDP 15.86 Percentage of GDP 16.45 Percentage of GDP 3
2010s 14.38 Percentage of GDP 12.97 Percentage of GDP 16.06 Percentage of GDP 10
2020s 15.69 Percentage of GDP 15.35 Percentage of GDP 16.33 Percentage of GDP 5

Countries ranked near Iceland

  1. 7 France 16.19 Percentage of GDP compare
  2. 8 Austria 15.7 Percentage of GDP compare
  3. 8 Lithuania 10.98 Percentage of GDP compare
  4. 9 Israel 15.64 Percentage of GDP compare
  5. 9 Türkiye 10.8 Percentage of GDP compare
  6. 11 Belgium 15.35 Percentage of GDP compare
  7. 12 Brazil 15.06 Percentage of GDP compare
  8. 13 Norway 14.93 Percentage of GDP compare

See the full ranking of 46 places →

More public sector data for Iceland

All data for Iceland →

Frequently asked questions

What is size of public procurement - government at a glance indicators, 2025 in Iceland?
Size of public procurement - government at a glance indicators, 2025 in Iceland was 15.61 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest size of public procurement - government at a glance indicators, 2025 recorded in Iceland?
The highest recorded value was 16.45 Percentage of GDP in 2008.
What is the lowest size of public procurement - government at a glance indicators, 2025 recorded in Iceland?
The lowest recorded value was 12.97 Percentage of GDP in 2016.
How does Iceland rank for size of public procurement - government at a glance indicators, 2025?
Iceland ranks 10th out of 34 countries with data for 2024.
Is size of public procurement - government at a glance indicators, 2025 rising or falling in Iceland?
Over the last ten years it is up 9.5%. 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 Size of public procurement - government at a glance indicators, 2025 edition — Government procurement spending. Statizoid updates them automatically from the source API.

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Size of public procurement - government at a glance indicators, 2025 in Iceland. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 07 September 2026, from https://public-sector.statizoid.com/stat/size-of-public-procurement-government-at-a-glance-indicators-2025-edition-government/iceland/

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About this data

Indicator
Size of public procurement - government at a glance indicators, 2025 edition — Government procurement spending
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
46 places, 803 data points, 2007–2024
Last refreshed

This dataset represents a selection of indicators as presented in the 2025 edition of the Government at a Glance publication related to the public procurement spending as estimated under the System of National Accounts (SNA). Government at a Glance provides a dashboard of indicators assembled to help decision makers and the public analyse and benchmark governments across OECD members and partner countries. With a growing emphasis on governance outcomes, this ninth edition presents the latest evidence on public governance tools and resources that can help public administrations address complex, long-term challenges, while allowing progress to be monitored over time. The Structure and indicators section of the Government at a Glance publication, describes its framework and the structure by chapters. The 2025 edition of Government at a Glance presents a structure around three broad categories: 1) Trust, security and dignity; prosperity and satisfaction with public services; 2) Achieving results with good governance practices 3) What resources public institutions use and how are they managed. Further information on Government at a Glance 2025 edition via a dedicated web platform, which includes a Government at a Glance Data dashboard (for a selection of indicators in an interactive format) as well as Country fact sheets (key data by country), can be found at: Government at a Glance website