Iceland vs Mongolia: Expense
Iceland
32.0%
in 2023
Mongolia
31.7%
in 2021
Iceland rank
53rd
Mongolia rank
54th
Expense over time
- Iceland
- Mongolia
How they compare
Iceland currently reports 32.0% against 31.7% in Mongolia, a difference of 0.3%.
Across all 28 years both countries report, Iceland has been ahead every year.
Iceland ranks 53rd and Mongolia ranks 54th of 157 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 28.9% | 15.5% | 13.4% | Iceland |
| 2000s | 34.5% | 23.7% | 10.8% | Iceland |
| 2010s | 33.9% | 24.5% | 9.4% | Iceland |
| 2020s | 35.5% | 32.4% | 3.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expense, Iceland or Mongolia?
- Iceland, at 32.0% against 31.7% in Mongolia as of 2023.
- What is the difference in expense between Iceland and Mongolia?
- 0.3%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Mongolia?
- 28 years are reported by both, from 1992 to 2021.
- How do Iceland and Mongolia rank globally for expense?
- Iceland ranks 53rd and Mongolia ranks 54th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Expense (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.