Government Spending in Iceland decreased to 175038 ISK Million in the third quarter of 2024 from 176551 ISK Million in the second quarter of 2024. Government Spending in Iceland averaged 134396.22 ISK Million from 1997 until 2024, reaching an all time high of 176602.00 ISK Million in the fourth quarter of 2023 and a record low of 85849.00 ISK Million in the first quarter of 1997. source: Statistics Iceland

Government Spending in Iceland is expected to be 177131.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Spending is projected to trend around 188230.00 ISK Million in 2026 and 195383.00 ISK Million in 2027, according to our econometric models.




Related Last Previous Unit Reference
Fiscal Expenditure 526.40 565.50 ISK Billion Sep 2024
Government Budget Value -37.00 -79.90 ISK Billion Sep 2024
Government Revenues 489.40 485.60 ISK Billion Sep 2024
Government Spending 175038.00 176551.00 ISK Million Sep 2024
Government Spending to GDP 45.10 46.50 percent of GDP Dec 2023

Iceland Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.
Actual Previous Highest Lowest Dates Unit Frequency
175038.00 176551.00 176602.00 85849.00 1997 - 2024 ISK Million Quarterly
Constant Prices 2005, NSA