Australia vs Iceland: Economic Outlook No 115 — General government consumption of fixed
Economic Outlook No 115 — General government consumption of fixed over time
- Australia
- Iceland
How they compare
Iceland currently reports 110.27 billion against 64.99 billion in Australia, a difference of 45.28 billion.
That makes Iceland's figure about 1.7 times Australia's.
The two have swapped places 1 time across 37 shared years of data; in 1989 it was Australia ahead.
Australia ranks 12th and Iceland ranks 9th of 28 countries.
Across the 5 decades both report, Australia averaged higher in 2 and Iceland in 3.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 9.51 billion | 1.82 billion | 7.69 billion | Australia |
| 1990s | 12.92 billion | 10.41 billion | 2.51 billion | Australia |
| 2000s | 21.31 billion | 25.61 billion | 4.30 billion | Iceland |
| 2010s | 34.77 billion | 54.15 billion | 19.38 billion | Iceland |
| 2020s | 53.72 billion | 91.14 billion | 37.42 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 115 — general government consumption of fixed, Australia or Iceland?
- Iceland, at 110.27 billion against 64.99 billion in Australia as of 2025.
- What is the difference in economic outlook no 115 — general government consumption of fixed between Australia and Iceland?
- 45.28 billion, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 37 years are reported by both, from 1989 to 2025.
- How do Australia and Iceland rank globally for economic outlook no 115 — general government consumption of fixed?
- Australia ranks 12th and Iceland ranks 9th of 28 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 115 — General government consumption of fixed capital. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP