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.
Government procurement share gdp in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 15.56 | — |
| 2008 | 16.22 | +4.2% |
| 2009 | 15.71 | -3.1% |
| 2010 | 14.92 | -5.0% |
| 2011 | 15.89 | +6.5% |
| 2012 | 14.19 | -10.7% |
| 2013 | 14.43 | +1.7% |
| 2014 | 14.07 | -2.5% |
| 2015 | 13.29 | -5.5% |
| 2016 | 12.82 | -3.5% |
| 2017 | 13.36 | +4.1% |
| 2018 | 14.66 | +9.8% |
| 2019 | 14.12 | -3.7% |
| 2020 | 15.47 | +9.5% |
| 2021 | 15.93 | +3.0% |
| 2022 | 14.97 | -6.0% |
| 2023 | 15.07 | +0.7% |
| 2024 | 15.49 | +2.7% |
Iceland compared with similar countries
- Iceland's 15.49 is above the median for high income countries, which is 14.02, 1.1× the median. (37 countries reporting)
- Iceland's 15.49 is above the median for Europe & Central Asia, which is 13.97, 1.1× the median. (30 countries reporting)
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
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (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).