Australia vs Iceland: Economic Outlook No 117 — Government final consumption expenditure
Economic Outlook No 117 — Government final consumption expenditure over time
- Australia
- Iceland
How they compare
Iceland currently reports 727.12 billion against 610.93 billion in Australia, a difference of 116.20 billion.
That makes Iceland's figure about 1.2 times Australia's.
Across all 67 years both countries report, Iceland has been ahead every year.
Australia ranks 19th and Iceland ranks 16th of 38 countries.
Iceland has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 59.93 billion | 69.23 billion | 9.30 billion | Iceland |
| 1970s | 101.67 billion | 143.78 billion | 42.11 billion | Iceland |
| 1980s | 148.17 billion | 244.36 billion | 96.19 billion | Iceland |
| 1990s | 205.97 billion | 346.15 billion | 140.18 billion | Iceland |
| 2000s | 283.96 billion | 503.03 billion | 219.07 billion | Iceland |
| 2010s | 382.01 billion | 556.85 billion | 174.84 billion | Iceland |
| 2020s | 557.31 billion | 686.60 billion | 129.29 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — government final consumption expenditure, Australia or Iceland?
- Iceland, at 727.12 billion against 610.93 billion in Australia as of 2026.
- What is the difference in economic outlook no 117 — government final consumption expenditure between Australia and Iceland?
- 116.20 billion, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 67 years are reported by both, from 1960 to 2026.
- How do Australia and Iceland rank globally for economic outlook no 117 — government final consumption expenditure?
- Australia ranks 19th and Iceland ranks 16th 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. 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