Iceland vs Latvia: Economic Outlook No 116 — General government final consumption
Economic Outlook No 116 — General government final consumption over time
- Iceland
- Latvia
How they compare
Iceland currently reports 1.26 trillion against 9.31 billion in Latvia, a difference of 1.25 trillion.
That makes Iceland's figure about 135.5 times Latvia's.
Across all 32 years both countries report, Iceland has been ahead every year.
Iceland ranks 8th 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 | 117.52 billion | 1.10 billion | 116.41 billion | Iceland |
| 2000s | 269.68 billion | 2.55 billion | 267.13 billion | Iceland |
| 2010s | 547.19 billion | 4.29 billion | 542.90 billion | Iceland |
| 2020s | 1.06 trillion | 7.92 billion | 1.05 trillion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 116 — general government final consumption, Iceland or Latvia?
- Iceland, at 1.26 trillion against 9.31 billion in Latvia as of 2026.
- What is the difference in economic outlook no 116 — general government final consumption between Iceland and Latvia?
- 1.25 trillion, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 32 years are reported by both, from 1995 to 2026.
- How do Iceland and Latvia rank globally for economic outlook no 116 — general government final consumption?
- Iceland ranks 8th 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 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