Dominican Republic vs Iceland: Total Expenditure (central government) — Value Standard Local Currency
Total Expenditure (central government) — Value Standard Local Currency over time
- Dominican Republic
- Iceland
How they compare
Iceland currently reports 1.57 million million SLC against 1.45 million million SLC in Dominican Republic, a difference of 121,280 million SLC.
That makes Iceland's figure about 1.1 times Dominican Republic's.
Across all 24 years both countries report, Iceland has been ahead every year.
Dominican Republic ranks 56th and Iceland ranks 54th of 174 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Dominican Republic | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 175,817 million SLC | 426,102 million SLC | 250,285 million SLC | Iceland |
| 2010s | 551,178 million SLC | 749,180 million SLC | 198,002 million SLC | Iceland |
| 2020s | 1.17 million million SLC | 1.33 million million SLC | 154,805 million SLC | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (central government) — value standard local currency, Dominican Republic or Iceland?
- Iceland, at 1.57 million million SLC against 1.45 million million SLC in Dominican Republic as of 2024.
- What is the difference in total expenditure (central government) — value standard local currency between Dominican Republic and Iceland?
- 121,280 million SLC, with Iceland ahead.
- How many years of comparable data are there for Dominican Republic and Iceland?
- 24 years are reported by both, from 2001 to 2024.
- How do Dominican Republic and Iceland rank globally for total expenditure (central government) — value standard local currency?
- Dominican Republic ranks 56th and Iceland ranks 54th of 174 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (central government) — Value Standard Local Currency. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.