Iceland vs South Africa: Total Expenditure (central government) — Value Standard Local Currency
Total Expenditure (central government) — Value Standard Local Currency over time
- Iceland
- South Africa
How they compare
Iceland currently reports 1.57 million million SLC against 1.39 million million SLC in South Africa, a difference of 172,780 million SLC.
That makes Iceland's figure about 1.1 times South Africa's.
The two have swapped places 2 times across 23 shared years of data; in 2001 it was Iceland ahead.
Iceland ranks 54th and South Africa ranks 57th of 174 countries.
Across the 3 decades both report, Iceland averaged higher in 1 and South Africa in 2.
Head to head by decade
| Decade | Iceland | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 426,102 million SLC | 291,885 million SLC | 134,217 million SLC | Iceland |
| 2010s | 749,180 million SLC | 749,990 million SLC | 810.7 million SLC | South Africa |
| 2020s | 1.27 million million SLC | 1.30 million million SLC | 28,005 million SLC | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (central government) — value standard local currency, Iceland or South Africa?
- Iceland, at 1.57 million million SLC against 1.39 million million SLC in South Africa as of 2024.
- What is the difference in total expenditure (central government) — value standard local currency between Iceland and South Africa?
- 172,780 million SLC, with Iceland ahead.
- How many years of comparable data are there for Iceland and South Africa?
- 23 years are reported by both, from 2001 to 2023.
- How do Iceland and South Africa rank globally for total expenditure (central government) — value standard local currency?
- Iceland ranks 54th and South Africa ranks 57th 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.