Government Spending in Iceland increased to 165061 ISK Million in the second quarter of 2021 from 162125 ISK Million in the first quarter of 2021. source: Statistics Iceland

Government Spending in Iceland averaged 69057.21 ISK Million from 1997 until 2021, reaching an all time high of 165061 ISK Million in the second quarter of 2021 and a record low of 43717 ISK Million in the first quarter of 1997. This page provides - Iceland Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Spending - values, historical data and charts - was last updated on November of 2021.

Government Spending in Iceland is expected to be 173035.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Spending is projected to trend around 178399.00 ISK Million in 2022 and 183038.00 ISK Million in 2023, according to our econometric models.

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Iceland Government Spending

Related Last Previous Unit Reference
Government Budget Value -88.20 -58.10 ISK Billion Jun/21
Government Spending 165061.00 162125.00 ISK Million Jun/21
Government Spending to GDP 49.70 43.40 percent of GDP Dec/20
Government Revenues 312.10 316.40 ISK Billion Jun/21
Fiscal Expenditure 400.40 374.50 ISK Billion Jun/21
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.