Subnational government expenditure in Iceland
Iceland: Subnational government expenditure was 47.14 Percentage of GDP in 2024. β¬ Flat
Subnational government expenditure in Iceland, 2000β2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, subnational government expenditure in Iceland stood at 47.14 Percentage of GDP.
The figure is up 4.3% on the previous year and up 4.0% over ten years.
Over the whole period, subnational government expenditure in Iceland peaked at 62.82 Percentage of GDP in 2008 and was at its lowest, 43.01 Percentage of GDP, in 2019.
Iceland ranks 13th of 36 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 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
- 10 Norway 47.76 Percentage of GDP compare
- 11 Denmark 47.33 Percentage of GDP compare
- 12 Hungary 47.32 Percentage of GDP compare
- 14 Luxembourg 46.84 Percentage of GDP compare
- 15 Slovenia, Republic of 46.48 Percentage of GDP compare
- 16 United Kingdom 46.26 Percentage of GDP compare
More public sector data for Iceland
- 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)
- Net investment in nonfinancial assets 2.3% (2023)
- Capital stock, General government, Current prices, Domestic currency 0.0044 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) -1.1% (2023)
Frequently asked questions
- What is subnational government expenditure in Iceland?
- Subnational government expenditure in Iceland was 47.14 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government expenditure recorded in Iceland?
- The highest recorded value was 62.82 Percentage of GDP in 2008.
- What is the lowest subnational government expenditure recorded in Iceland?
- The lowest recorded value was 43.01 Percentage of GDP in 2019.
- How does Iceland rank for subnational government expenditure?
- Iceland ranks 13th out of 36 countries with data for 2024.
- Is subnational government expenditure 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 Subnational government expenditure. Statizoid updates them automatically from the source API.
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About this data
This dataset includes subnational government expenditure expressed in several units of measures: USD PPP, USD PPP per capita, percentage of GDP, and percentage of total public expenditure.<br/><br/>The Subnational Government Structure and Finance Dashboard compiles several datasets with comparable data on institutional organisation and public finance at subnational government level. It provides data for the time period 2000 - 2024 (based on data availability), for all 38 OECD member countries, and the average for the European Union. It includes data for the subnational government sector, for both state and local government levels for some federal countries.<br/><br/>The data for the latest year available is also available in <a href="https://www.oecd.org/content/dam/oecd/en/topics/policy-issues/subnational-finance-and-investment/subnational-governments-infrastructure-finance-2026.pdf">PDF format</a> and via an <a href="https://www.oecd.org/en/data/dashboards/oecd-dashboard-on-subnational-government-structure-and-finance.html">Interactive dashboard</a>.