Government Spending in Iceland increased to 79056 ISK Million in the fourth quarter of 2018 from 74848 ISK Million in the third quarter of 2018. Government Spending in Iceland averaged 64032.06 ISK Million from 1997 until 2018, reaching an all time high of 79056 ISK Million in the fourth quarter of 2018 and a record low of 44951 ISK Million in the first quarter of 1997.
Government Spending in Iceland is expected to be 76716.00 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 78415.00 in 12 months time. In the long-term, the Iceland Government Spending is projected to trend around 83030.00 ISK Million in 2020, according to our econometric models.