Iceland vs Latvia: Economic Outlook No 117 — Net capital outlays of the government
Economic Outlook No 117 — Net capital outlays of the government over time
- Iceland
- Latvia
How they compare
Iceland currently reports 285.23 billion against 885.14 million in Latvia, a difference of 284.35 billion.
That makes Iceland's figure about 322.2 times Latvia's.
The two have swapped places 2 times across 32 shared years of data; in 1995 it was Iceland ahead.
Iceland ranks 4th and Latvia ranks 7th of 27 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 | 16.74 billion | -135.73 million | 16.87 billion | Iceland |
| 2000s | 48.23 billion | 161.85 million | 48.07 billion | Iceland |
| 2010s | 8.02 billion | 49.29 million | 7.97 billion | Iceland |
| 2020s | 133.09 billion | 606.98 million | 132.49 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — net capital outlays of the government, Iceland or Latvia?
- Iceland, at 285.23 billion against 885.14 million in Latvia as of 2026.
- What is the difference in economic outlook no 117 — net capital outlays of the government between Iceland and Latvia?
- 284.35 billion, 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 117 — net capital outlays of the government?
- Iceland ranks 4th and Latvia ranks 7th of 27 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — Net capital outlays of the government. 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