Subnational government climate finance — Climate significant in Iceland
Iceland: Subnational government climate finance — Climate significant was 0.094 Percentage of GDP in 2023. ▲ Rising
Subnational government climate finance — Climate significant in Iceland, 2001–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for subnational government climate finance — climate significant in Iceland is 0.094 Percentage of GDP, measured in 2023.
That represents a change of up 9.3% on the previous year and up 27.0% over ten years.
Over the whole period, subnational government climate finance — climate significant in Iceland peaked at 0.116 Percentage of GDP in 2010 and was at its lowest, 0.066 Percentage of GDP, in 2006.
That places Iceland 31st out of 31 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Subnational government climate finance — Climate significant in Iceland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2001 | 0.085 Percentage of GDP | — |
| 2002 | 0.093 Percentage of GDP | +9.4% |
| 2003 | 0.098 Percentage of GDP | +5.4% |
| 2004 | 0.087 Percentage of GDP | -11.2% |
| 2005 | 0.084 Percentage of GDP | -3.4% |
| 2006 | 0.066 Percentage of GDP | -21.4% |
| 2007 | 0.073 Percentage of GDP | +10.6% |
| 2008 | 0.094 Percentage of GDP | +28.8% |
| 2009 | 0.092 Percentage of GDP | -2.1% |
| 2010 | 0.116 Percentage of GDP | +26.1% |
| 2011 | 0.083 Percentage of GDP | -28.4% |
| 2012 | 0.075 Percentage of GDP | -9.6% |
| 2013 | 0.074 Percentage of GDP | -1.3% |
| 2014 | 0.087 Percentage of GDP | +17.6% |
| 2015 | 0.084 Percentage of GDP | -3.4% |
| 2016 | 0.066 Percentage of GDP | -21.4% |
| 2017 | 0.093 Percentage of GDP | +40.9% |
| 2018 | 0.106 Percentage of GDP | +14.0% |
| 2019 | 0.078 Percentage of GDP | -26.4% |
| 2020 | 0.107 Percentage of GDP | +37.2% |
| 2021 | 0.102 Percentage of GDP | -4.7% |
| 2022 | 0.086 Percentage of GDP | -15.7% |
| 2023 | 0.094 Percentage of GDP | +9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0858 Percentage of GDP | 0.066 Percentage of GDP | 0.098 Percentage of GDP | 9 |
| 2010s | 0.0862 Percentage of GDP | 0.066 Percentage of GDP | 0.116 Percentage of GDP | 10 |
| 2020s | 0.0973 Percentage of GDP | 0.086 Percentage of GDP | 0.107 Percentage of GDP | 4 |
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)
- Exports of goods and services (current LCU), annual growth rate 2.27 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 51.52 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 5.07 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.9908 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.274 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 26,937 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 15.75 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2666 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is subnational government climate finance — climate significant in Iceland?
- Subnational government climate finance — climate significant in Iceland was 0.094 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government climate finance — climate significant recorded in Iceland?
- The highest recorded value was 0.116 Percentage of GDP in 2010.
- What is the lowest subnational government climate finance — climate significant recorded in Iceland?
- The lowest recorded value was 0.066 Percentage of GDP in 2006.
- How does Iceland rank for subnational government climate finance — climate significant?
- Iceland ranks 31st out of 31 countries with data for 2023.
- Is subnational government climate finance — climate significant rising or falling in Iceland?
- Over the last ten years it is up 27.0%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Subnational government climate finance — Climate significant investment. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The Subnational Government Climate Finance database provides comparable data on subnational public climate-significant expenditure and investment, covering the years from 2001 to 2023, for 33 OECD and EU countries. This database was built using a pioneer methodology developed in the framework of the project “Financing Climate Action in Regions and Cities”, a joint 2022 project between the OECD and the European Commission Directorate-General for Regional and Urban Policy (DG REGIO). The methodology relies on a refined approach to the COFOG classification from the System of National Accounts. Using the EU taxonomy for sustainability activities, three first-level COFOG functions (economic affairs and housing and community amenities) and 13 second-level COFOG functions (e.g. transport and energy, environmental protection, waste, water management, housing development) were identified as being “climate-significant”, meaning that expenditure and investment in these areas contributes, to some extent, to climate adaptation or mitigation objectives. For more information on the methodology used and related work on climate finance tracking, please visit: Tracking subnational government climate expenditure