Iceland vs Low & middle income: General government final consumption expenditure (current US$)
General government final consumption expenditure (current US$) over time
- Iceland
- Low & middle income
How they compare
Iceland currently reports 16.88 % change on previous year against 2.41 % change on previous year in Low & middle income, a difference of 14.47 % change on previous year.
That makes Iceland's figure about 7.0 times Low & middle income's.
The two have swapped places 18 times across 54 shared years of data; in 1971 it was Iceland ahead.
Iceland ranks 31st and Low & middle income ranks 32nd of 185 countries.
Across the 6 decades both report, Iceland averaged higher in 3 and Low & middle income in 3.
Head to head by decade
| Decade | Iceland | Low & middle income | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 25.42 % change on previous year | 16.32 % change on previous year | 9.1 % change on previous year | Iceland |
| 1980s | 9.57 % change on previous year | 5.73 % change on previous year | 3.84 % change on previous year | Iceland |
| 1990s | 5.45 % change on previous year | 6.98 % change on previous year | 1.52 % change on previous year | Low & middle income |
| 2000s | 6.41 % change on previous year | 12.04 % change on previous year | 5.63 % change on previous year | Low & middle income |
| 2010s | 6.44 % change on previous year | 7.91 % change on previous year | 1.47 % change on previous year | Low & middle income |
| 2020s | 6.92 % change on previous year | 4.75 % change on previous year | 2.17 % change on previous year | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure (current us$), Iceland or Low & middle income?
- Iceland, at 16.88 % change on previous year against 2.41 % change on previous year in Low & middle income as of 2025.
- What is the difference in general government final consumption expenditure (current us$) between Iceland and Low & middle income?
- 14.47 % change on previous year, with Iceland ahead.
- How many years of comparable data are there for Iceland and Low & middle income?
- 54 years are reported by both, from 1971 to 2024.
- How do Iceland and Low & middle income rank globally for general government final consumption expenditure (current us$)?
- Iceland ranks 31st and Low & middle income ranks 32nd of 185 countries.
- Where does this data come from?
- Statizoid (derived), published as General government final consumption expenditure (current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in General government final consumption expenditure (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.