Iceland Government Spending
Iceland government spending data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 25.14%.
Iceland · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
Iceland · government spending data as percent of GDP.
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Prices & Inflation3
Growth & Output9
Public Finance8
Labor Market6
External Sector5
Monetary & Financial7
Population & Society7
Energy & Environment2
Interpretation
Iceland recorded 25.14% for Government Spending in 2023, the latest available observation in this dataset.
Compared with 2022, the indicator decreased by 0.07 percentage points, from 25.21% to 25.14%.
The latest observation is above the average of the last 10 available observations (24.60%).
Across the five latest available observations (2019–2023), the pattern is higher overall, but uneven.
Within the last 10 available observations, the low was 22.69% in 2016 and the high was 27.56% in 2020.