Iceland vs World outside Africa, lower-middle income countries (World Bank): Africa's Development Dynamics (AfDD) Table 16 - Public finances

Iceland
42.49 Percentage of GDP
in 2029
World outside Africa, lower-middle income countries (World Bank)
24.76 Percentage of GDP
in 2028
Iceland rank
28th
World outside Africa, lower-middle income countries (World Bank) rank
26th

Africa's Development Dynamics (AfDD) Table 16 - Public finances over time

  • Iceland
  • World outside Africa, lower-middle income countries (World Bank)
0204060200020142029

How they compare

Iceland currently reports 42.49 Percentage of GDP against 24.76 Percentage of GDP in World outside Africa, lower-middle income countries (World Bank), a difference of 17.73 Percentage of GDP.

That makes Iceland's figure about 1.7 times World outside Africa, lower-middle income countries (World Bank)'s.

Across all 29 years both countries report, Iceland has been ahead every year.

Iceland ranks 28th and World outside Africa, lower-middle income countries (World Bank) ranks 26th of 166 countries.

Iceland has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Iceland World outside Africa, lower-middle income countries (World Bank) Difference Ahead
2000s 48.37 Percentage of GDP 24.18 Percentage of GDP 24.2 Percentage of GDP Iceland
2010s 46.06 Percentage of GDP 24.09 Percentage of GDP 21.97 Percentage of GDP Iceland
2020s 45.42 Percentage of GDP 25.51 Percentage of GDP 19.91 Percentage of GDP Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher africa's development dynamics (afdd) table 16 - public finances, Iceland or World outside Africa, lower-middle income countries (World Bank)?
Iceland, at 42.49 Percentage of GDP against 24.76 Percentage of GDP in World outside Africa, lower-middle income countries (World Bank) as of 2029.
What is the difference in africa's development dynamics (afdd) table 16 - public finances between Iceland and World outside Africa, lower-middle income countries (World Bank)?
17.73 Percentage of GDP, with Iceland ahead.
How many years of comparable data are there for Iceland and World outside Africa, lower-middle income countries (World Bank)?
29 years are reported by both, from 2000 to 2028.
How do Iceland and World outside Africa, lower-middle income countries (World Bank) rank globally for africa's development dynamics (afdd) table 16 - public finances?
Iceland ranks 28th and World outside Africa, lower-middle income countries (World Bank) ranks 26th of 166 countries.
Where does this data come from?
Organisation for Economic Co-operation and Development, published as Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs World outside Africa, lower-middle income countries (World Bank): Africa's Development Dynamics (AfDD) Table 16 - Public finances. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 17 September 2026, from https://economy.statizoid.com/compare/africa-s-development-dynamics-afdd-table-16-public-finances-general-government-expenditure/iceland/world-outside-africa-lower-middle-income-countries-world-bank/

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About this data

Indicator
Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
240 places, 7,002 data points, 2000–2029
Last refreshed

The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 16 shows data on public finance, including taxes, revenues, expenditure, and debt. Some of these figures are not available at the national level, but only for aggregations of groups of countries.