Estonia vs Iceland: Government spending vs. GDP
Estonia
5.46 billion constant 2015 US$
in 2025
Iceland
5.47 billion constant 2015 US$
in 2025
Estonia rank
91st
Iceland rank
90th
Government spending vs. GDP over time
- Estonia
- Iceland
How they compare
Iceland currently reports 5.47 billion constant 2015 US$ against 5.46 billion constant 2015 US$ in Estonia, a difference of 12.34 million constant 2015 US$.
The two have swapped places 6 times across 33 shared years of data; in 1993 it was Iceland ahead.
Estonia ranks 91st and Iceland ranks 90th of 166 countries.
Across the 4 decades both report, Estonia averaged higher in 2 and Iceland in 2.
Head to head by decade
| Decade | Estonia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.96 billion constant 2015 US$ | 3.03 billion constant 2015 US$ | 69.72 million constant 2015 US$ | Iceland |
| 2000s | 3.54 billion constant 2015 US$ | 3.97 billion constant 2015 US$ | 425.47 million constant 2015 US$ | Iceland |
| 2010s | 4.42 billion constant 2015 US$ | 4.34 billion constant 2015 US$ | 76.88 million constant 2015 US$ | Estonia |
| 2020s | 5.26 billion constant 2015 US$ | 5.24 billion constant 2015 US$ | 21.39 million constant 2015 US$ | Estonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher government spending vs. gdp, Estonia or Iceland?
- Iceland, at 5.47 billion constant 2015 US$ against 5.46 billion constant 2015 US$ in Estonia as of 2025.
- What is the difference in government spending vs. gdp between Estonia and Iceland?
- 12.34 million constant 2015 US$, with Iceland ahead.
- How many years of comparable data are there for Estonia and Iceland?
- 33 years are reported by both, from 1993 to 2025.
- How do Estonia and Iceland rank globally for government spending vs. gdp?
- Estonia ranks 91st and Iceland ranks 90th of 166 countries.
- Where does this data come from?
- National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as Government spending vs. GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General government final consumption expenditure includes all government current expenditures for purchases of goods and services (including compensation of employees). Both measures are expressed in constant 2015 US$.