Iceland vs Sweden: Economic Outlook No 116 — General government final consumption
Economic Outlook No 116 — General government final consumption over time
- Iceland
- Sweden
How they compare
Sweden currently reports 1.78 trillion against 1.26 trillion in Iceland, a difference of 514.91 billion.
That makes Sweden's figure about 1.4 times Iceland's.
Across all 47 years both countries report, Sweden has been ahead every year.
Iceland ranks 8th and Sweden ranks 5th of 28 countries.
Sweden has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Iceland | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 25.08 billion | 243.37 billion | 218.29 billion | Sweden |
| 1990s | 100.64 billion | 481.54 billion | 380.91 billion | Sweden |
| 2000s | 269.68 billion | 726.98 billion | 457.30 billion | Sweden |
| 2010s | 547.19 billion | 1.09 trillion | 538.17 billion | Sweden |
| 2020s | 1.06 trillion | 1.58 trillion | 521.90 billion | Sweden |
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 Sweden?
- Sweden, at 1.78 trillion against 1.26 trillion in Iceland as of 2026.
- What is the difference in economic outlook no 116 — general government final consumption between Iceland and Sweden?
- 514.91 billion, with Sweden ahead.
- How many years of comparable data are there for Iceland and Sweden?
- 47 years are reported by both, from 1980 to 2026.
- How do Iceland and Sweden rank globally for economic outlook no 116 — general government final consumption?
- Iceland ranks 8th and Sweden ranks 5th 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