Iceland vs Republic of Korea: Government spending by function as a share of GDP
Iceland
10.7%
in 2023
Republic of Korea
9.3%
in 2023
Iceland rank
31st
Republic of Korea rank
33rd
Government spending by function as a share of GDP over time
- Iceland
- Republic of Korea
How they compare
Iceland currently reports 10.7% against 9.3% in Republic of Korea, a difference of 1.4%.
That makes Iceland's figure about 1.2 times Republic of Korea's.
Across all 17 years both countries report, Iceland has been ahead every year.
Iceland ranks 31st and Republic of Korea ranks 33rd of 37 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 9.1% | 4.9% | 4.3% | Iceland |
| 2010s | 10.2% | 6.2% | 4.1% | Iceland |
| 2020s | 12.0% | 8.9% | 3.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher government spending by function as a share of gdp, Iceland or Republic of Korea?
- Iceland, at 10.7% against 9.3% in Republic of Korea as of 2023.
- What is the difference in government spending by function as a share of gdp between Iceland and Republic of Korea?
- 1.4%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Republic of Korea?
- 17 years are reported by both, from 2007 to 2023.
- How do Iceland and Republic of Korea rank globally for government spending by function as a share of gdp?
- Iceland ranks 31st and Republic of Korea ranks 33rd of 37 countries.
- Where does this data come from?
- OECD (2026) – with minor processing by Our World in Data, published as Government spending by function as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General government expenditure on social protection. This data is divided by gross domestic product, expressed as a percentage.