Government spending in Iceland was last recorded at 49.3 percent of GDP in 2021 . source: Statistics Iceland

Government Spending to GDP in Iceland averaged 43.88 percent of GDP from 1980 until 2021, 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. 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 August of 2022.

Government Spending to GDP in Iceland is expected to reach 41.00 percent of GDP by the end of 2022, 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 of GDP in 2023, according to our econometric models.

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Iceland Government Spending to GDP

Related Last Previous Unit Reference
Government Budget Value -20.70 -89.50 ISK Billion Mar 2022
Government Spending 162977.00 165661.00 ISK Million Mar 2022
Government Spending to GDP 49.30 50.70 percent of GDP Dec 2021
Government Revenues 370.40 345.40 ISK Billion Mar 2022
Fiscal Expenditure 391.20 434.90 ISK Billion Mar 2022