Canada vs Iceland: Economic Outlook No 118 — General government final consumption
Economic Outlook No 118 — General government final consumption over time
- Canada
- Iceland
How they compare
Iceland currently reports 1.42 trillion against 772.06 billion in Canada, a difference of 649.50 billion.
That makes Iceland's figure about 1.8 times Canada's.
The two have swapped places 1 time across 58 shared years of data; in 1970 it was Canada ahead.
Canada ranks 10th and Iceland ranks 7th of 28 countries.
Across the 6 decades both report, Canada averaged higher in 3 and Iceland in 3.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 37.65 billion | 598.97 million | 37.05 billion | Canada |
| 1980s | 106.04 billion | 26.94 billion | 79.10 billion | Canada |
| 1990s | 177.95 billion | 107.94 billion | 70.01 billion | Canada |
| 2000s | 271.46 billion | 280.07 billion | 8.62 billion | Iceland |
| 2010s | 414.14 billion | 562.60 billion | 148.47 billion | Iceland |
| 2020s | 642.11 billion | 1.14 trillion | 498.72 billion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 118 — general government final consumption, Canada or Iceland?
- Iceland, at 1.42 trillion against 772.06 billion in Canada as of 2027.
- What is the difference in economic outlook no 118 — general government final consumption between Canada and Iceland?
- 649.50 billion, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 58 years are reported by both, from 1970 to 2027.
- How do Canada and Iceland rank globally for economic outlook no 118 — general government final consumption?
- Canada ranks 10th and Iceland ranks 7th of 28 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 118 — 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 (2025), OECD Economic Outlook No 118 (Edition 2025/2) EO118 Database documentation EO118 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