Annual government expenditure by function (COFOG) — Intermediate in Iceland
Iceland: Annual government expenditure by function (COFOG) — Intermediate was 426,998 National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Intermediate in Iceland, 1998–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
Iceland recorded 426,998 National currency for annual government expenditure by function (cofog) — intermediate in 2024. That is the highest value across all 27 years on record.
The figure is up 7.6% on the previous year and up 117.1% over ten years.
Over the whole period, annual government expenditure by function (cofog) — intermediate in Iceland peaked at 426,998 National currency in 2024 and was at its lowest, 45,772 National currency, in 1998.
Iceland ranks 9th of 28 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government expenditure by function (COFOG) — Intermediate in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 45,772 National currency | — |
| 1999 | 51,983 National currency | +13.6% |
| 2000 | 60,491 National currency | +16.4% |
| 2001 | 67,597 National currency | +11.7% |
| 2002 | 77,744 National currency | +15.0% |
| 2003 | 80,263 National currency | +3.2% |
| 2004 | 87,479 National currency | +9.0% |
| 2005 | 98,564 National currency | +12.7% |
| 2006 | 113,937 National currency | +15.6% |
| 2007 | 130,646 National currency | +14.7% |
| 2008 | 155,415 National currency | +19.0% |
| 2009 | 159,268 National currency | +2.5% |
| 2010 | 165,477 National currency | +3.9% |
| 2011 | 176,132 National currency | +6.4% |
| 2012 | 184,494 National currency | +4.7% |
| 2013 | 190,991 National currency | +3.5% |
| 2014 | 196,660 National currency | +3.0% |
| 2015 | 206,231 National currency | +4.9% |
| 2016 | 215,456 National currency | +4.5% |
| 2017 | 227,073 National currency | +5.4% |
| 2018 | 249,501 National currency | +9.9% |
| 2019 | 262,310 National currency | +5.1% |
| 2020 | 281,669 National currency | +7.4% |
| 2021 | 314,615 National currency | +11.7% |
| 2022 | 354,146 National currency | +12.6% |
| 2023 | 396,698 National currency | +12.0% |
| 2024 | 426,998 National currency | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48,877 National currency | 45,772 National currency | 51,983 National currency | 2 |
| 2000s | 103,140 National currency | 60,491 National currency | 159,268 National currency | 10 |
| 2010s | 207,432 National currency | 165,477 National currency | 262,310 National currency | 10 |
| 2020s | 354,825 National currency | 281,669 National currency | 426,998 National currency | 5 |
Countries ranked near Iceland
- 6 Costa Rica 1.48 million National currency compare
- 6 Estonia 2,515 National currency compare
- 7 Latvia 2,489 National currency compare
- 7 Sweden 734,143 National currency compare
- 8 Czechia 486,568 National currency compare
- 10 Norway 396,549 National currency compare
- 11 Germany 280,709 National currency compare
- 12 United Kingdom of Great Britain and Northern Ireland 250,281 National currency compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 65,116 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 85.06 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8.36 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.16 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3978 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual government expenditure by function (cofog) — intermediate in Iceland?
- Annual government expenditure by function (cofog) — intermediate in Iceland was 426,998 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — intermediate recorded in Iceland?
- The highest recorded value was 426,998 National currency in 2024.
- What is the lowest annual government expenditure by function (cofog) — intermediate recorded in Iceland?
- The lowest recorded value was 45,772 National currency in 1998.
- How does Iceland rank for annual government expenditure by function (cofog) — intermediate?
- Iceland ranks 9th out of 28 countries with data for 2024.
- Is annual government expenditure by function (cofog) — intermediate rising or falling in Iceland?
- Over the last ten years it is up 117.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Intermediate consumption, Other taxes on production, Current taxes on income, wealth, etc., Adjustment for the change in pension entitlements. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org