Iceland vs Luxembourg: Economic Outlook No 117 — Government final consumption expenditure
Economic Outlook No 117 — Government final consumption expenditure over time
- Iceland
- Luxembourg
How they compare
Luxembourg currently reports 1.94 against 1.76 in Iceland, a difference of 0.18.
That makes Luxembourg's figure about 1.1 times Iceland's.
The two have swapped places 25 times across 66 shared years of data; in 1961 it was Iceland ahead.
Iceland ranks 10th and Luxembourg ranks 8th of 38 countries.
Across the 7 decades both report, Iceland averaged higher in 4 and Luxembourg in 3.
Head to head by decade
| Decade | Iceland | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 6.22 | 3.34 | 2.88 | Iceland |
| 1970s | 7.7 | 3.15 | 4.55 | Iceland |
| 1980s | 4.88 | 4.06 | 0.8195 | Iceland |
| 1990s | 2.85 | 4.02 | 1.17 | Luxembourg |
| 2000s | 3.67 | 3.07 | 0.599 | Iceland |
| 2010s | 0.7836 | 3.06 | 2.28 | Luxembourg |
| 2020s | 2.51 | 3.84 | 1.34 | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — government final consumption expenditure, Iceland or Luxembourg?
- Luxembourg, at 1.94 against 1.76 in Iceland as of 2026.
- What is the difference in economic outlook no 117 — government final consumption expenditure between Iceland and Luxembourg?
- 0.18, with Luxembourg ahead.
- How many years of comparable data are there for Iceland and Luxembourg?
- 66 years are reported by both, from 1961 to 2026.
- How do Iceland and Luxembourg rank globally for economic outlook no 117 — government final consumption expenditure?
- Iceland ranks 10th and Luxembourg ranks 8th of 38 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — Government final consumption expenditure, volume, growth. 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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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