Military Spending / Iceland
Iceland Military Spending
Iceland military spending data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 0.00%.
COUNTRY: Iceland
UNIT: percent of GDP
SOURCE: World Bank / public data sources
UPDATED: 2026-10-18 17:00:07
GM ECONOMY RATING
Iceland · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
BB
59 / 100
Moderate stability
Fiscal stability
9.0 / 25
Macroeconomic stability
14.0 / 20
External stability
2.0 / 15
Financial robustness
9.0 / 15
Structural stability
14.0 / 15
Future capacity
9.0 / 10
Demographic capacity
4.5 / 5
Method: GM Economy multi-pillar stability model with structural and financial robustness adjustment. Coverage: 100% of weighted inputs available.
Time range:
Selected year: · Value:
Iceland · military spending data as percent of GDP.
Latest
0.00%
Previous
0.00%
Range avg.
0.00%
Rank
97
Countries by military spending
full rankingGM ECONOMY
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Countries, indicators and comparisons
CountryIceland
IndicatorMilitary Spending
0.00%2025 · Rank 97
Chart range
All indicators
Prices & Inflation3
Growth & Output9
Public Finance8
Labor Market6
External Sector5
Monetary & Financial7
Population & Society7
Energy & Environment2
Interpretation
Iceland recorded 0.00% for Military Spending in 2025, the latest available observation in this dataset.
The value was unchanged from the previous available observation in 2024 (0.00%).
The latest observation is approximately at the average of the last 10 available observations (0.00%).
Across the five latest available observations (2021–2025), the pattern is broadly stable.
Comparison
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Fiscal BalanceGC.BAL.CASH.GD.ZS