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Iceland: Government consumption

Millions of local currency · 1950–2025 · 76 observations · forecasts to 2026 · gcons

2025
1.26 trillionlocal currency
Change on 2024
+8.2%year on year
Average growth, 2015–2025
+8.8%a year
In US dollars, 2025
$9.83 billionUS dollars

Government consumption

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1M100M10B1T19501960197019801990200020102020IcelandIceland
ForecastLocal currency

Compare with other countries →Definition of Government consumption

Recent values

Millions of local currency

YearValue
20261,326,585Forecast
20251,262,102
20241,166,119
20231,084,584
2022996,623
2021896,577
2020822,234
2019744,039
2018686,760
2017625,544
2016578,018

Sources

  • Penn World Table1950–2019
  • OECD Economic Outlook1960–2025
  • United Nations1970–2024
  • World Development Indicators1970–2025
  • Eurostat1995–2025
  • IMF International Financial Statistics1995–2025
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

Iceland documentation (PDF)

More for Iceland

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

Government consumption elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms