Finland vs Iceland: Subnational government climate finance — Climate significant
Subnational government climate finance — Climate significant over time
- Finland
- Iceland
How they compare
Finland currently reports 0.275 Percentage of GDP against 0.094 Percentage of GDP in Iceland, a difference of 0.181 Percentage of GDP.
That makes Finland's figure about 2.9 times Iceland's.
Across all 23 years both countries report, Finland has been ahead every year.
Finland ranks 30th and Iceland ranks 31st of 31 countries.
Finland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Finland | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.3009 Percentage of GDP | 0.0858 Percentage of GDP | 0.2151 Percentage of GDP | Finland |
| 2010s | 0.3063 Percentage of GDP | 0.0862 Percentage of GDP | 0.2201 Percentage of GDP | Finland |
| 2020s | 0.306 Percentage of GDP | 0.0973 Percentage of GDP | 0.2087 Percentage of GDP | Finland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher subnational government climate finance — climate significant, Finland or Iceland?
- Finland, at 0.275 Percentage of GDP against 0.094 Percentage of GDP in Iceland as of 2023.
- What is the difference in subnational government climate finance — climate significant between Finland and Iceland?
- 0.181 Percentage of GDP, with Finland ahead.
- How many years of comparable data are there for Finland and Iceland?
- 23 years are reported by both, from 2001 to 2023.
- How do Finland and Iceland rank globally for subnational government climate finance — climate significant?
- Finland ranks 30th and Iceland ranks 31st of 31 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Subnational government climate finance — Climate significant investment. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Subnational Government Climate Finance database provides comparable data on subnational public climate-significant expenditure and investment, covering the years from 2001 to 2023, for 33 OECD and EU countries. This database was built using a pioneer methodology developed in the framework of the project “Financing Climate Action in Regions and Cities”, a joint 2022 project between the OECD and the European Commission Directorate-General for Regional and Urban Policy (DG REGIO). The methodology relies on a refined approach to the COFOG classification from the System of National Accounts. Using the EU taxonomy for sustainability activities, three first-level COFOG functions (economic affairs and housing and community amenities) and 13 second-level COFOG functions (e.g. transport and energy, environmental protection, waste, water management, housing development) were identified as being “climate-significant”, meaning that expenditure and investment in these areas contributes, to some extent, to climate adaptation or mitigation objectives. For more information on the methodology used and related work on climate finance tracking, please visit: Tracking subnational government climate expenditure