{"entity":{"iso2":"IS","iso3":"ISL","name":"Iceland","slug":"iceland"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"government-spending-by-function-as-share-of-gdp-across-countries","source":"Our World in Data","source_url":"https://ourworldindata.org/grapher/government-spending-by-function-as-share-of-gdp-across-countries","title":"Government spending by function as share of gdp across countries","unit":null},"observations":[{"date":"2007-01-01","value":7.94},{"date":"2008-01-01","value":8.742},{"date":"2009-01-01","value":10.661},{"date":"2010-01-01","value":10.238},{"date":"2011-01-01","value":10.668},{"date":"2012-01-01","value":10.154},{"date":"2013-01-01","value":9.754},{"date":"2014-01-01","value":9.69},{"date":"2015-01-01","value":9.011},{"date":"2016-01-01","value":12.966},{"date":"2017-01-01","value":9.552},{"date":"2018-01-01","value":9.683},{"date":"2019-01-01","value":10.532},{"date":"2020-01-01","value":13.669},{"date":"2021-01-01","value":12.929},{"date":"2022-01-01","value":10.694},{"date":"2023-01-01","value":10.725}],"summary":{"latest_period":"2023-01-01","latest_value":10.725,"max":13.669,"mean":10.4475,"min":7.94,"of":37,"rank":31,"trend":"rising"}}