Government spending in Iceland was last recorded at 45.1 percent of GDP in 2023 . Government Spending to GDP in Iceland averaged 43.98 percent of GDP from 1980 until 2023, reaching an all time high of 63.40 percent of GDP in 2008 and a record low of 34.10 percent of GDP in 1980. source: Statistics Iceland




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 to GDP
Actual Previous Highest Lowest Dates Unit Frequency
45.10 46.50 63.40 34.10 1980 - 2023 percent of GDP Yearly