Total Expenditure (general government) — Value US$, 2015 prices in Iceland
Iceland: Total Expenditure (general government) — Value US$, 2015 prices was 10,851 million USD in 2024. ▲ Rising
Total Expenditure (general government) — Value US$, 2015 prices in Iceland, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Iceland recorded 10,851 million USD for total expenditure (general government) — value us$, 2015 prices in 2024. That is the highest value across all 24 years on record.
That represents a change of up 2.6% on the previous year and up 48.6% over ten years.
Over the whole period, total expenditure (general government) — value us$, 2015 prices in Iceland peaked at 10,851 million USD in 2024 and was at its lowest, 5,056 million USD, in 2001.
Iceland ranks 75th of 114 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (general government) — Value US$, 2015 prices in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 5,056 million USD | — |
| 2002 | 5,247 million USD | +3.8% |
| 2003 | 5,546 million USD | +5.7% |
| 2004 | 5,760 million USD | +3.8% |
| 2005 | 6,523 million USD | +13.3% |
| 2006 | 6,910 million USD | +5.9% |
| 2007 | 7,486 million USD | +8.3% |
| 2008 | 10,839 million USD | +44.8% |
| 2009 | 7,481 million USD | -31.0% |
| 2010 | 7,288 million USD | -2.6% |
| 2011 | 6,875 million USD | -5.7% |
| 2012 | 6,902 million USD | +0.4% |
| 2013 | 6,953 million USD | +0.7% |
| 2014 | 7,301 million USD | +5.0% |
| 2015 | 7,197 million USD | -1.4% |
| 2016 | 8,228 million USD | +14.3% |
| 2017 | 8,318 million USD | +1.1% |
| 2018 | 8,431 million USD | +1.4% |
| 2019 | 9,060 million USD | +7.5% |
| 2020 | 9,858 million USD | +8.8% |
| 2021 | 10,022 million USD | +1.7% |
| 2022 | 10,304 million USD | +2.8% |
| 2023 | 10,577 million USD | +2.6% |
| 2024 | 10,851 million USD | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6,761 million USD | 5,056 million USD | 10,839 million USD | 9 |
| 2010s | 7,655 million USD | 6,875 million USD | 9,060 million USD | 10 |
| 2020s | 10,323 million USD | 9,858 million USD | 10,851 million USD | 5 |
Countries ranked near Iceland
- 72 Cyprus 12,401 million USD compare
- 73 Estonia 12,098 million USD compare
- 74 Jordan 11,874 million USD compare
- 76 China, Macao SAR 10,166 million USD compare
- 77 Afghanistan 9,346 million USD compare
- 78 El Salvador 9,162 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)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 23,906 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.36 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 31.23 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 3.07 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is total expenditure (general government) — value us$, 2015 prices in Iceland?
- Total expenditure (general government) — value us$, 2015 prices in Iceland was 10,851 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (general government) — value us$, 2015 prices recorded in Iceland?
- The highest recorded value was 10,851 million USD in 2024.
- What is the lowest total expenditure (general government) — value us$, 2015 prices recorded in Iceland?
- The lowest recorded value was 5,056 million USD in 2001.
- How does Iceland rank for total expenditure (general government) — value us$, 2015 prices?
- Iceland ranks 75th out of 114 countries with data for 2024.
- Is total expenditure (general government) — value us$, 2015 prices rising or falling in Iceland?
- Over the last ten years it is up 48.6%. 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 (general government) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 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.