Government Spending in Iceland increased to 83258 ISK Million in the fourth quarter of 2019 from 79245 ISK Million in the third quarter of 2019.

Government Spending in Iceland averaged 64754.02 ISK Million from 1997 until 2019, reaching an all time high of 83258 ISK Million in the fourth quarter of 2019 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 May of 2020.

Government Spending in Iceland is expected to be 76735.00 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 80927.00 in 12 months time. In the long-term, the Iceland Government Spending is projected to trend around 81127.00 ISK Million in 2021 and 83236.00 ISK Million in 2022, according to our econometric models.

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Iceland Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
83258.00 79245.00 83258.00 43717.00 1997 - 2019 ISK Million Quarterly
Constant Prices 2005, NSA

Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.00 37.40 92.10 23.03 percent [+]
Government Budget -1.00 0.80 12.40 -12.90 percent of GDP [+]
Government Budget Value -8.30 -12.10 373.20 -206.30 ISK Billion [+]
Government Spending 83258.00 79245.00 83258.00 43717.00 ISK Million [+]
Government Spending to GDP 41.90 42.30 54.50 34.10 percent [+]
Government Revenues 320.20 302.60 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 328.50 314.80 370.50 97.80 ISK Billion [+]
Credit Rating 75.00 [+]
Asylum Applications 75.00 70.00 255.00 5.00 persons [+]


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.