Iceland vs Latvia: General government final consumption expenditure
General government final consumption expenditure over time
- Iceland
- Latvia
How they compare
Latvia currently reports 6.47 billion constant 2015 US$ against 5.47 billion constant 2015 US$ in Iceland, a difference of 999.81 million constant 2015 US$.
That makes Latvia's figure about 1.2 times Iceland's.
Across all 31 years both countries report, Latvia has been ahead every year.
Iceland ranks 90th and Latvia ranks 87th of 167 countries.
Latvia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.07 billion constant 2015 US$ | 3.77 billion constant 2015 US$ | 701.24 million constant 2015 US$ | Latvia |
| 2000s | 3.97 billion constant 2015 US$ | 4.63 billion constant 2015 US$ | 657.13 million constant 2015 US$ | Latvia |
| 2010s | 4.34 billion constant 2015 US$ | 4.79 billion constant 2015 US$ | 449.77 million constant 2015 US$ | Latvia |
| 2020s | 5.24 billion constant 2015 US$ | 6.02 billion constant 2015 US$ | 781.05 million constant 2015 US$ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Iceland or Latvia?
- Latvia, at 6.47 billion constant 2015 US$ against 5.47 billion constant 2015 US$ in Iceland as of 2025.
- What is the difference in general government final consumption expenditure between Iceland and Latvia?
- 999.81 million constant 2015 US$, with Latvia ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do Iceland and Latvia rank globally for general government final consumption expenditure?
- Iceland ranks 90th and Latvia ranks 87th of 167 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.