Iceland vs Latvia: Economic Outlook No 115 — General government consumption of fixed
Economic Outlook No 115 — General government consumption of fixed over time
- Iceland
- Latvia
How they compare
Iceland currently reports 110.27 billion against 1.66 billion in Latvia, a difference of 108.61 billion.
That makes Iceland's figure about 66.3 times Latvia's.
Across all 31 years both countries report, Iceland has been ahead every year.
Iceland ranks 9th and Latvia ranks 6th of 28 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 12.21 billion | 344.03 million | 11.87 billion | Iceland |
| 2000s | 25.61 billion | 599.74 million | 25.01 billion | Iceland |
| 2010s | 54.15 billion | 1.03 billion | 53.12 billion | Iceland |
| 2020s | 91.14 billion | 1.37 billion | 89.77 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, Iceland or Latvia?
- Iceland, at 110.27 billion against 1.66 billion in Latvia as of 2025.
- What is the difference in economic outlook no 115 — general government consumption of fixed between Iceland and Latvia?
- 108.61 billion, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do Iceland and Latvia rank globally for economic outlook no 115 — general government consumption of fixed?
- Iceland ranks 9th and Latvia ranks 6th 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