Government spending in Iceland was last recorded at 49.7 percent of GDP in 2020 . source: Statistics Iceland

Government Spending to GDP in Iceland averaged 43.57 percent from 1980 until 2020, reaching an all time high of 63.40 percent in 2008 and a record low of 34.10 percent in 1980. This page provides the latest reported value for - Iceland Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Government Spending to GDP - values, historical data and charts - was last updated on September of 2021.

Government Spending to GDP in Iceland is expected to reach 41.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Spending to GDP is projected to trend around 41.00 percent in 2022, according to our econometric models.

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Iceland Government Spending to GDP

Actual Previous Highest Lowest Dates Unit Frequency
49.70 43.40 63.40 34.10 1980 - 2020 percent of GDP Yearly

Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 79.90 68.30 138.20 23.00 percent of GDP [+]
Government Budget -7.30 -1.50 12.50 -12.10 percent of GDP [+]
Government Budget Value -58.10 -33.20 373.20 -206.30 ISK Billion [+]
Government Spending 165061.00 162125.00 165061.00 43717.00 ISK Million [+]
Government Spending to GDP 49.70 43.40 63.40 34.10 percent of GDP [+]
Government Revenues 316.40 360.50 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 374.50 393.60 393.60 97.80 ISK Billion [+]
Credit Rating 75.00 [+]
Asylum Applications 30.00 20.00 255.00 5.00 persons [+]