Total Expenditure (central government) β Value US$ in Iceland
Iceland: Total Expenditure (central government) β Value US$ was 11,363 million USD in 2024. β² Rising
Total Expenditure (central government) β Value US$ in Iceland, 2001β2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, total expenditure (central government) β value us$ in Iceland stood at 11,363 million USD. That is the highest value across all 24 years on record.
The figure is up 9.4% on the previous year and up 98.1% over ten years.
Over the whole period, total expenditure (central government) β value us$ in Iceland peaked at 11,363 million USD in 2024 and was at its lowest, 2,512 million USD, in 2001.
That places Iceland 85th out of 172 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5,235 million USD | 2,512 million USD | 9,354 million USD | 9 |
| 2010s | 6,322 million USD | 5,059 million USD | 7,890 million USD | 10 |
| 2020s | 9,841 million USD | 8,207 million USD | 11,363 million USD | 5 |
Countries ranked near Iceland
- 82 Yemen, Republic of 12,849 million USD compare
- 83 Latvia 12,487 million USD compare
- 84 Cyprus 11,668 million USD compare
- 86 China, Macao SAR 11,296 million USD compare
- 87 Georgia 10,622 million USD compare
- 88 Turkmenistan 10,138 million USD compare
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)
- 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)
- Domestic currency per US dollar (End-of-period (EoP)) 125.2 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.008 (2025)
- Gdp worldbank constant usd, annual growth rate 1.28 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.5991 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 58,910 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2025)
Frequently asked questions
- What is total expenditure (central government) β value us$ in Iceland?
- Total expenditure (central government) β value us$ in Iceland was 11,363 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) β value us$ recorded in Iceland?
- The highest recorded value was 11,363 million USD in 2024.
- What is the lowest total expenditure (central government) β value us$ recorded in Iceland?
- The lowest recorded value was 2,512 million USD in 2001.
- How does Iceland rank for total expenditure (central government) β value us$?
- Iceland ranks 85th out of 172 countries with data for 2024.
- Is total expenditure (central government) β value us$ rising or falling in Iceland?
- Over the last ten years it is up 98.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) β Value US$. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 24 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.