Iceland vs Latin America & Caribbean: General government final consumption expenditure
General government final consumption expenditure over time
- Iceland
- Latin America & Caribbean
How they compare
Iceland currently reports 26.1% against 16.1% in Latin America & Caribbean, a difference of 10.0%.
That makes Iceland's figure about 1.6 times Latin America & Caribbean's.
Across all 56 years both countries report, Iceland has been ahead every year.
Iceland ranks 19th and Latin America & Caribbean ranks 21st of 187 countries.
Iceland has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Iceland | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 17.6% | 11.2% | 6.4% | Iceland |
| 1980s | 20.4% | 11.1% | 9.3% | Iceland |
| 1990s | 22.9% | 13.6% | 9.3% | Iceland |
| 2000s | 24.9% | 14.0% | 10.9% | Iceland |
| 2010s | 24.6% | 16.1% | 8.5% | Iceland |
| 2020s | 26.4% | 16.2% | 10.2% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Iceland or Latin America & Caribbean?
- Iceland, at 26.1% against 16.1% in Latin America & Caribbean as of 2025.
- What is the difference in general government final consumption expenditure between Iceland and Latin America & Caribbean?
- 10.0%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latin America & Caribbean?
- 56 years are reported by both, from 1970 to 2025.
- How do Iceland and Latin America & Caribbean rank globally for general government final consumption expenditure?
- Iceland ranks 19th and Latin America & Caribbean ranks 21st of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as General government final consumption expenditure (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 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.