Total gov expenditure gdp wdi in Iceland
Iceland: Total gov expenditure gdp wdi was 32.05 in 2023. ▲ Rising
Latest (2023)
32.05
Change on year
down 1.6%
World rank
53rd
of 157 countries
All-time high
50.33
in 2008
All-time low
21.74
in 1977
Years of data
52
1972–2023
Total gov expenditure gdp wdi in Iceland, 1972–2023
Source: Our World in Data.
Analysis
Iceland recorded 32.05 for total gov expenditure gdp wdi in 2023.
The figure is down 1.6% on the previous year and down 6.8% over ten years.
Over the whole period, total gov expenditure gdp wdi in Iceland peaked at 50.33 in 2008 and was at its lowest, 21.74, in 1977.
That places Iceland 53rd out of 157 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.31 | 21.74 | 25.94 | 8 |
| 1980s | 25.17 | 22.08 | 30.29 | 10 |
| 1990s | 28.96 | 26.69 | 30.05 | 10 |
| 2000s | 33.89 | 28.98 | 50.33 | 10 |
| 2010s | 33.95 | 30.38 | 38.02 | 10 |
| 2020s | 33.91 | 32.05 | 36.35 | 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)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate -1.47 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 12.93 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 1.27 million current LCU per person (2025)
- 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)
Frequently asked questions
- What is total gov expenditure gdp wdi in Iceland?
- Total gov expenditure gdp wdi in Iceland was 32.05 in 2023, according to Our World in Data.
- What is the highest total gov expenditure gdp wdi recorded in Iceland?
- The highest recorded value was 50.33 in 2008.
- What is the lowest total gov expenditure gdp wdi recorded in Iceland?
- The lowest recorded value was 21.74 in 1977.
- How does Iceland rank for total gov expenditure gdp wdi?
- Iceland ranks 53rd out of 157 countries with data for 2023.
- Is total gov expenditure gdp wdi rising or falling in Iceland?
- Over the last ten years it is down 6.8%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Total gov expenditure gdp wdi. Statizoid updates them automatically from the source API.
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