Government expenditure vs gdp in Iceland
Iceland: Government expenditure vs gdp was 5.47 billion in 2025. ▲ Rising
Government expenditure vs gdp in Iceland, 1970–2025
Source: Our World in Data.
Analysis
In 2025, government expenditure vs gdp in Iceland stood at 5.47 billion. That is the highest value across all 56 years on record.
The figure is up 1.2% on the previous year and up 29.6% over ten years.
Over the whole period, government expenditure vs gdp in Iceland peaked at 5.47 billion in 2025 and was at its lowest, 849.87 million, in 1970.
That places Iceland 90th out of 166 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.26 billion | 849.87 million | 1.63 billion | 10 |
| 1980s | 2.14 billion | 1.67 billion | 2.62 billion | 10 |
| 1990s | 2.96 billion | 2.74 billion | 3.19 billion | 10 |
| 2000s | 3.97 billion | 3.35 billion | 4.57 billion | 10 |
| 2010s | 4.34 billion | 4.21 billion | 4.75 billion | 10 |
| 2020s | 5.24 billion | 4.98 billion | 5.47 billion | 6 |
Countries ranked near Iceland
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)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate -1.47 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 12.93 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 1.27 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0058 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 171.46 (2025)
Frequently asked questions
- What is government expenditure vs gdp in Iceland?
- Government expenditure vs gdp in Iceland was 5.47 billion in 2025, according to Our World in Data.
- What is the highest government expenditure vs gdp recorded in Iceland?
- The highest recorded value was 5.47 billion in 2025.
- What is the lowest government expenditure vs gdp recorded in Iceland?
- The lowest recorded value was 849.87 million in 1970.
- How does Iceland rank for government expenditure vs gdp?
- Iceland ranks 90th out of 166 countries with data for 2025.
- Is government expenditure vs gdp rising or falling in Iceland?
- Over the last ten years it is up 29.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Government expenditure vs gdp. Statizoid updates them automatically from the source API.
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