China, Macao SAR vs Iceland: Total Expenditure (general government) — Value US$, 2015 prices
Total Expenditure (general government) — Value US$, 2015 prices over time
- China, Macao SAR
- Iceland
How they compare
Iceland currently reports 10,851 million USD against 10,166 million USD in China, Macao SAR, a difference of 685 million USD.
That makes Iceland's figure about 1.1 times China, Macao SAR's.
The two have swapped places 4 times across 23 shared years of data; in 2001 it was Iceland ahead.
China, Macao SAR ranks 76th and Iceland ranks 75th of 114 countries.
Across the 3 decades both report, China, Macao SAR averaged higher in 2 and Iceland in 1.
Head to head by decade
| Decade | China, Macao SAR | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 3,809 million USD | 6,761 million USD | 2,952 million USD | Iceland |
| 2010s | 8,072 million USD | 7,655 million USD | 416.55 million USD | China, Macao SAR |
| 2020s | 11,410 million USD | 10,191 million USD | 1,219 million USD | China, Macao SAR |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (general government) — value us$, 2015 prices, China, Macao SAR or Iceland?
- Iceland, at 10,851 million USD against 10,166 million USD in China, Macao SAR as of 2024.
- What is the difference in total expenditure (general government) — value us$, 2015 prices between China, Macao SAR and Iceland?
- 685 million USD, with Iceland ahead.
- How many years of comparable data are there for China, Macao SAR and Iceland?
- 23 years are reported by both, from 2001 to 2023.
- How do China, Macao SAR and Iceland rank globally for total expenditure (general government) — value us$, 2015 prices?
- China, Macao SAR ranks 76th and Iceland ranks 75th of 114 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (general government) — Value US$, 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.