Iceland vs Lithuania: Economic Outlook No 118 — General government final consumption
Economic Outlook No 118 — General government final consumption over time
- Iceland
- Lithuania
How they compare
Iceland currently reports 1.42 trillion against 18.44 billion in Lithuania, a difference of 1.40 trillion.
That makes Iceland's figure about 77.1 times Lithuania's.
Across all 33 years both countries report, Iceland has been ahead every year.
Iceland ranks 7th and Lithuania ranks 4th of 28 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Lithuania | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 125.91 billion | 2.68 billion | 123.23 billion | Iceland |
| 2000s | 280.07 billion | 4.13 billion | 275.95 billion | Iceland |
| 2010s | 562.60 billion | 6.47 billion | 556.13 billion | Iceland |
| 2020s | 1.14 trillion | 13.87 billion | 1.13 trillion | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 118 — general government final consumption, Iceland or Lithuania?
- Iceland, at 1.42 trillion against 18.44 billion in Lithuania as of 2027.
- What is the difference in economic outlook no 118 — general government final consumption between Iceland and Lithuania?
- 1.40 trillion, with Iceland ahead.
- How many years of comparable data are there for Iceland and Lithuania?
- 33 years are reported by both, from 1995 to 2027.
- How do Iceland and Lithuania rank globally for economic outlook no 118 — general government final consumption?
- Iceland ranks 7th and Lithuania ranks 4th 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