Iceland vs Latvia: Total Expenditure (central government) — Value US$, 2015 prices
Total Expenditure (central government) — Value US$, 2015 prices over time
- Iceland
- Latvia
How they compare
Latvia currently reports 9,027 million USD against 7,967 million USD in Iceland, a difference of 1,060 million USD.
That makes Latvia's figure about 1.1 times Iceland's.
The two have swapped places 9 times across 24 shared years of data; in 2001 it was Iceland ahead.
Iceland ranks 89th and Latvia ranks 86th of 173 countries.
Across the 3 decades both report, Iceland averaged higher in 1 and Latvia in 2.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 5,232 million USD | 4,829 million USD | 402.39 million USD | Iceland |
| 2010s | 5,873 million USD | 6,089 million USD | 215.81 million USD | Latvia |
| 2020s | 7,592 million USD | 8,529 million USD | 937.04 million USD | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (central government) — value us$, 2015 prices, Iceland or Latvia?
- Latvia, at 9,027 million USD against 7,967 million USD in Iceland as of 2024.
- What is the difference in total expenditure (central government) — value us$, 2015 prices between Iceland and Latvia?
- 1,060 million USD, with Latvia ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 24 years are reported by both, from 2001 to 2024.
- How do Iceland and Latvia rank globally for total expenditure (central government) — value us$, 2015 prices?
- Iceland ranks 89th and Latvia ranks 86th of 173 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (central government) — Value US$, 2015 prices. 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.