Government procurement share gdp in Iceland
Iceland: Government procurement share gdp was 15.49 in 2024. ▬ Flat
Latest (2024)
15.49
Change on year
up 2.7%
World rank
11th
of 43 countries
All-time high
16.22
in 2008
All-time low
12.82
in 2016
Years of data
18
2007–2024
Government procurement share gdp in Iceland, 2007–2024
Source: Our World in Data.
Analysis
Iceland recorded 15.49 for government procurement share gdp in 2024.
Compared with earlier readings it is up 2.7% on the previous year and up 10.0% over ten years.
Over the whole period, government procurement share gdp in Iceland peaked at 16.22 in 2008 and was at its lowest, 12.82, in 2016.
That places Iceland 11th out of 43 countries with data for 2024, putting it in the top quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.83 | 15.56 | 16.22 | 3 |
| 2010s | 14.18 | 12.82 | 15.89 | 10 |
| 2020s | 15.39 | 14.97 | 15.93 | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- External balance on goods and services as a percent of gdp -2.26 (2025)
- Inflation of consumer prices 4.09 (2025)
- Gdp per capita worldbank constant usd 58,910 (2025)
- Manufacturing value added to gdp 8.53 (2025)
- Gdp worldbank constant usd 23.12 billion (2025)
- Gdp per capita in international and market dollars 58,910 (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is government procurement share gdp in Iceland?
- Government procurement share gdp in Iceland was 15.49 in 2024, according to Our World in Data.
- What is the highest government procurement share gdp recorded in Iceland?
- The highest recorded value was 16.22 in 2008.
- What is the lowest government procurement share gdp recorded in Iceland?
- The lowest recorded value was 12.82 in 2016.
- How does Iceland rank for government procurement share gdp?
- Iceland ranks 11th out of 43 countries with data for 2024.
- Is government procurement share gdp rising or falling in Iceland?
- Over the last ten years it is up 10.0%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Government procurement share gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).