Government spending in Iceland was last recorded at 47.5 percent of GDP in 2022 . Government Spending to GDP in Iceland averaged 43.99 percent of GDP from 1980 until 2022, reaching an all time high of 63.40 percent of GDP in 2008 and a record low of 34.10 percent of GDP in 1980. source: Statistics Iceland

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Iceland Government Spending to GDP

Related Last Previous Unit Reference
Government Budget Value -32.30 -38.00 ISK Billion Sep 2023
Government Spending 171193.00 171206.00 ISK Million Sep 2023
Government Spending to GDP 47.50 49.90 percent of GDP Dec 2022
Government Revenues 449.50 425.70 ISK Billion Sep 2023
Fiscal Expenditure 481.80 463.70 ISK Billion Sep 2023

Iceland Government Spending to GDP
Actual Previous Highest Lowest Dates Unit Frequency
47.50 49.90 63.40 34.10 1980 - 2022 percent of GDP Yearly