Government Spending in Iceland decreased to 77006 ISK Million in the third quarter of 2019 from 79759 ISK Million in the second quarter of 2019. Government Spending in Iceland averaged 64496.44 ISK Million from 1997 until 2019, reaching an all time high of 79759 ISK Million in the second quarter of 2019 and a record low of 43717 ISK Million in the first quarter of 1997.
Government Spending in Iceland is expected to be 77090.00 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 78161.00 in 12 months time. In the long-term, the Iceland Government Spending is projected to trend around 82278.00 ISK Million in 2020, according to our econometric models.