Iceland vs World: General government final consumption expenditure
General government final consumption expenditure over time
- Iceland
- World
How they compare
Iceland currently reports 26.1% against 16.7% in World, a difference of 9.4%.
That makes Iceland's figure about 1.6 times World's.
The two have swapped places 1 time across 55 shared years of data; in 1970 it was World ahead.
Iceland ranks 19th and World ranks 17th of 187 countries.
Iceland has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Iceland | World | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 17.6% | 16.4% | 1.3% | Iceland |
| 1980s | 20.4% | 16.8% | 3.6% | Iceland |
| 1990s | 22.9% | 16.6% | 6.4% | Iceland |
| 2000s | 24.9% | 16.8% | 8.1% | Iceland |
| 2010s | 24.6% | 16.9% | 7.7% | Iceland |
| 2020s | 26.4% | 17.0% | 9.5% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Iceland or World?
- Iceland, at 26.1% against 16.7% in World as of 2025.
- What is the difference in general government final consumption expenditure between Iceland and World?
- 9.4%, with Iceland ahead.
- How many years of comparable data are there for Iceland and World?
- 55 years are reported by both, from 1970 to 2024.
- How do Iceland and World rank globally for general government final consumption expenditure?
- Iceland ranks 19th and World ranks 17th 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.
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 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.