Government Spending in Iceland decreased to 77006 ISK Million in the third quarter of 2019 from 79759 ISK Million in the second quarter of 2019. Government Spending in Iceland averaged 64496.44 ISK Million from 1997 until 2019, reaching an all time high of 79759 ISK Million in the second quarter of 2019 and a record low of 43717 ISK Million in the first quarter of 1997.

Government Spending in Iceland is expected to be 77090.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Iceland to stand at 78161.00 in 12 months time. In the long-term, the Iceland Government Spending is projected to trend around 82278.00 ISK Million in 2020, according to our econometric models.

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Iceland Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
77006.00 79759.00 79759.00 43717.00 1997 - 2019 ISK Million Quarterly
Constant Prices 2005, NSA

Iceland Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 43.10 92.10 23.03 percent [+]
Government Budget 1.10 0.50 12.40 -12.90 percent of GDP [+]
Government Budget Value 6.10 1.90 373.20 -206.30 ISK Billion [+]
Government Spending 77006.00 79759.00 79759.00 43717.00 ISK Million [+]
Government Spending to GDP 41.70 43.30 54.50 34.10 percent [+]
Government Revenues 308.50 287.70 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 302.30 285.80 370.50 97.80 ISK Billion [+]
Credit Rating 73.00 [+]
Asylum Applications 75.00 70.00 255.00 5.00 persons [+]