Government spending in Iceland was last recorded at 41.7 percent of GDP in 2018 . Government Spending to GDP in Iceland averaged 41.69 percent from 1980 until 2018, reaching an all time high of 54.50 percent in 2008 and a record low of 34.10 percent in 1980.

Government Spending to GDP in Iceland is expected to be 41.50 percent by the end of this quarter, 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 in 2020, according to our econometric models.

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Iceland Government Spending to GDP

Actual Previous Highest Lowest Dates Unit Frequency
41.70 43.30 54.50 34.10 1980 - 2018 percent Yearly
Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 43.10 92.10 23.03 percent [+]
Government Budget 1.10 0.50 12.40 -12.90 percent of GDP [+]
Government Budget Value 6.10 1.90 373.20 -206.30 ISK Billion [+]
Government Spending 77006.00 79759.00 79759.00 43717.00 ISK Million [+]
Government Spending to GDP 41.70 43.30 54.50 34.10 percent [+]
Government Revenues 308.50 287.70 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 302.30 285.80 370.50 97.80 ISK Billion [+]
Credit Rating 73.00 [+]
Asylum Applications 75.00 70.00 255.00 5.00 persons [+]