Economic Outlook No 117 — Net capital outlays of the government in Iceland
Iceland: Economic Outlook No 117 — Net capital outlays of the government was 285.23 billion in 2026. ◆ Volatile
Economic Outlook No 117 — Net capital outlays of the government in Iceland, 1980–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 117 — net capital outlays of the government in Iceland stood at 285.23 billion. That is the highest value across all 47 years on record.
Compared with earlier readings it is up 34.7% on the previous year and up 215.7% over ten years.
Over the whole period, economic outlook no 117 — net capital outlays of the government in Iceland peaked at 285.23 billion in 2026 and was at its lowest, -246.49 billion, in 2016.
Iceland ranks 4th of 27 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Net capital outlays of the government in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 870.99 million | — |
| 1981 | 1.41 billion | +61.5% |
| 1982 | 2.03 billion | +44.5% |
| 1983 | 4.19 billion | +106.3% |
| 1984 | 4.30 billion | +2.6% |
| 1985 | 7.01 billion | +62.9% |
| 1986 | 12.38 billion | +76.7% |
| 1987 | 9.82 billion | -20.7% |
| 1988 | 14.43 billion | +47.0% |
| 1989 | 21.76 billion | +50.8% |
| 1990 | 16.56 billion | -23.9% |
| 1991 | 19.57 billion | +18.2% |
| 1992 | 17.02 billion | -13.0% |
| 1993 | 16.37 billion | -3.8% |
| 1994 | 17.81 billion | +8.8% |
| 1995 | 10.70 billion | -39.9% |
| 1996 | 12.66 billion | +18.3% |
| 1997 | 15.06 billion | +18.9% |
| 1998 | 21.62 billion | +43.6% |
| 1999 | 23.65 billion | +9.4% |
| 2000 | 23.53 billion | -0.5% |
| 2001 | 27.06 billion | +15.0% |
| 2002 | 21.83 billion | -19.3% |
| 2003 | 19.97 billion | -8.5% |
| 2004 | 25.35 billion | +27.0% |
| 2005 | 20.65 billion | -18.5% |
| 2006 | 31.37 billion | +51.9% |
| 2007 | 37.84 billion | +20.6% |
| 2008 | 241.92 billion | +539.3% |
| 2009 | 32.78 billion | -86.4% |
| 2010 | 37.23 billion | +13.6% |
| 2011 | 50.97 billion | +36.9% |
| 2012 | 5.04 billion | -90.1% |
| 2013 | 7.81 billion | +54.9% |
| 2014 | 44.84 billion | +473.9% |
| 2015 | 27.29 billion | -39.1% |
| 2016 | -246.49 billion | -1003.4% |
| 2017 | 58.16 billion | -123.6% |
| 2018 | 50.00 billion | -14.0% |
| 2019 | 45.35 billion | -9.3% |
| 2020 | 51.88 billion | +14.4% |
| 2021 | 69.69 billion | +34.3% |
| 2022 | 69.48 billion | -0.3% |
| 2023 | 89.43 billion | +28.7% |
| 2024 | 154.24 billion | +72.5% |
| 2025 | 211.71 billion | +37.3% |
| 2026 | 285.23 billion | +34.7% |
Iceland compared with similar countries
- Iceland's 285.23 billion is above the median for high income countries, which is 43.87 billion, 6.5× the median. (27 countries reporting)
- Iceland's 285.23 billion is above the median for Europe & Central Asia, which is 36.84 billion, 7.7× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Economic Outlook No 117 — Net capital outlays of the government in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | -1003.4% | 27.29 billion | -246.49 billion |
| 2008 | +539.3% | 37.84 billion | 241.92 billion |
| 2014 | +473.9% | 7.81 billion | 44.84 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.82 billion | 870.99 million | 21.76 billion | 10 |
| 1990s | 17.10 billion | 10.70 billion | 23.65 billion | 10 |
| 2000s | 48.23 billion | 19.97 billion | 241.92 billion | 10 |
| 2010s | 8.02 billion | -246.49 billion | 58.16 billion | 10 |
| 2020s | 133.09 billion | 51.88 billion | 285.23 billion | 7 |
Countries ranked near Iceland
- 1 Japan 5.02 trillion compare
- 2 Hungary 650.73 billion compare
- 2 Poland 174.06 billion compare
- 3 United States of America 312.40 billion compare
- 3 Croatia 2.81 billion compare
- 3 Netherlands 14.19 billion compare
- 4 Slovenia 2.74 billion compare
- 5 Sweden 279.27 billion compare
- 5 Lithuania 1.68 billion compare
- 6 Norway 131.36 billion compare
- 6 Estonia 1.68 billion compare
- 7 United Kingdom of Great Britain and Northern Ireland 130.43 billion compare
- 7 Latvia 885.14 million 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is economic outlook no 117 — net capital outlays of the government in Iceland?
- Economic outlook no 117 — net capital outlays of the government in Iceland was 285.23 billion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — net capital outlays of the government recorded in Iceland?
- The highest recorded value was 285.23 billion in 2026.
- What is the lowest economic outlook no 117 — net capital outlays of the government recorded in Iceland?
- The lowest recorded value was -246.49 billion in 2016.
- How does Iceland rank for economic outlook no 117 — net capital outlays of the government?
- Iceland ranks 4th out of 27 countries with data for 2026.
- Is economic outlook no 117 — net capital outlays of the government rising or falling in Iceland?
- Over the last ten years it is up 215.7%. 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 Economic Outlook No 117 — Net capital outlays of the government. Statizoid updates them automatically from the source API.
Download this data
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP