Iceland vs South Africa: Economic Outlook No 118 — Government final consumption expenditure
Economic Outlook No 118 — Government final consumption expenditure over time
- Iceland
- South Africa
How they compare
Iceland currently reports 956.79 billion against 945.02 billion in South Africa, a difference of 11.77 billion.
The two have swapped places 5 times across 68 shared years of data; in 1960 it was South Africa ahead.
Iceland ranks 15th and South Africa ranks 16th of 39 countries.
Across the 7 decades both report, Iceland averaged higher in 2 and South Africa in 5.
Head to head by decade
| Decade | Iceland | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 101.96 billion | 140.89 billion | 38.93 billion | South Africa |
| 1970s | 211.77 billion | 253.74 billion | 41.97 billion | South Africa |
| 1980s | 359.91 billion | 400.06 billion | 40.15 billion | South Africa |
| 1990s | 498.00 billion | 489.66 billion | 8.34 billion | Iceland |
| 2000s | 668.61 billion | 615.42 billion | 53.19 billion | Iceland |
| 2010s | 731.82 billion | 828.43 billion | 96.61 billion | South Africa |
| 2020s | 899.46 billion | 915.34 billion | 15.88 billion | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 118 — government final consumption expenditure, Iceland or South Africa?
- Iceland, at 956.79 billion against 945.02 billion in South Africa as of 2027.
- What is the difference in economic outlook no 118 — government final consumption expenditure between Iceland and South Africa?
- 11.77 billion, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Africa?
- 68 years are reported by both, from 1960 to 2027.
- How do Iceland and South Africa rank globally for economic outlook no 118 — government final consumption expenditure?
- Iceland ranks 15th and South Africa ranks 16th of 39 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 118 — 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 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