Denmark vs Iceland: Economic Outlook No 116 — General government final consumption
Economic Outlook No 116 — General government final consumption over time
- Denmark
- Iceland
How they compare
Iceland currently reports 1.26 trillion against 738.63 billion in Denmark, a difference of 523.50 billion.
That makes Iceland's figure about 1.7 times Denmark's.
The two have swapped places 1 time across 47 shared years of data; in 1980 it was Denmark ahead.
Denmark ranks 10th and Iceland ranks 8th of 28 countries.
Across the 5 decades both report, Denmark averaged higher in 3 and Iceland in 2.
Head to head by decade
| Decade | Denmark | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 154.07 billion | 25.08 billion | 128.99 billion | Denmark |
| 1990s | 248.82 billion | 100.64 billion | 148.18 billion | Denmark |
| 2000s | 389.28 billion | 269.68 billion | 119.60 billion | Denmark |
| 2010s | 519.77 billion | 547.19 billion | 27.41 billion | Iceland |
| 2020s | 651.42 billion | 1.06 trillion | 406.98 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 116 — general government final consumption, Denmark or Iceland?
- Iceland, at 1.26 trillion against 738.63 billion in Denmark as of 2026.
- What is the difference in economic outlook no 116 — general government final consumption between Denmark and Iceland?
- 523.50 billion, with Iceland ahead.
- How many years of comparable data are there for Denmark and Iceland?
- 47 years are reported by both, from 1980 to 2026.
- How do Denmark and Iceland rank globally for economic outlook no 116 — general government final consumption?
- Denmark ranks 10th and Iceland ranks 8th of 28 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 116 — General government final consumption expenditure, nominal value, appropriation account. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org