Cyprus vs Iceland: Total Expenditure (general government) — Value US$
Total Expenditure (general government) — Value US$ over time
- Cyprus
- Iceland
How they compare
Iceland currently reports 15,478 million USD against 14,526 million USD in Cyprus, a difference of 952 million USD.
That makes Iceland's figure about 1.1 times Cyprus's.
The two have swapped places 9 times across 24 shared years of data; in 2001 it was Cyprus ahead.
Cyprus ranks 72nd and Iceland ranks 70th of 114 countries.
Across the 3 decades both report, Cyprus averaged higher in 2 and Iceland in 1.
Head to head by decade
| Decade | Cyprus | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 7,343 million USD | 6,774 million USD | 568.91 million USD | Cyprus |
| 2010s | 9,937 million USD | 8,292 million USD | 1,644 million USD | Cyprus |
| 2020s | 13,032 million USD | 13,386 million USD | 353.16 million USD | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (general government) — value us$, Cyprus or Iceland?
- Iceland, at 15,478 million USD against 14,526 million USD in Cyprus as of 2024.
- What is the difference in total expenditure (general government) — value us$ between Cyprus and Iceland?
- 952 million USD, with Iceland ahead.
- How many years of comparable data are there for Cyprus and Iceland?
- 24 years are reported by both, from 2001 to 2024.
- How do Cyprus and Iceland rank globally for total expenditure (general government) — value us$?
- Cyprus ranks 72nd and Iceland ranks 70th of 114 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (general government) — Value US$. 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.