Iceland vs Thailand: Economic Outlook No 118 — Government final consumption expenditure
Economic Outlook No 118 — Government final consumption expenditure over time
- Iceland
- Thailand
How they compare
Thailand currently reports 1.73 trillion against 956.79 billion in Iceland, a difference of 768.25 billion.
That makes Thailand's figure about 1.8 times Iceland's.
The two have swapped places 1 time across 48 shared years of data; in 1980 it was Iceland ahead.
Iceland ranks 15th and Thailand ranks 12th of 39 countries.
Across the 5 decades both report, Iceland averaged higher in 1 and Thailand in 4.
Head to head by decade
| Decade | Iceland | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 359.91 billion | 316.15 billion | 43.76 billion | Iceland |
| 1990s | 498.00 billion | 549.01 billion | 51.00 billion | Thailand |
| 2000s | 668.61 billion | 884.54 billion | 215.93 billion | Thailand |
| 2010s | 731.82 billion | 1.45 trillion | 722.75 billion | Thailand |
| 2020s | 899.46 billion | 1.66 trillion | 759.23 billion | Thailand |
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 Thailand?
- Thailand, at 1.73 trillion against 956.79 billion in Iceland as of 2027.
- What is the difference in economic outlook no 118 — government final consumption expenditure between Iceland and Thailand?
- 768.25 billion, with Thailand ahead.
- How many years of comparable data are there for Iceland and Thailand?
- 48 years are reported by both, from 1980 to 2027.
- How do Iceland and Thailand rank globally for economic outlook no 118 — government final consumption expenditure?
- Iceland ranks 15th and Thailand ranks 12th 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