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Iceland: Government consumption (% of GDP)

Percent of GDP · 1950–2025 · 76 observations · forecasts to 2027 · gcons_GDP

2025
26.1%percent of GDP
Change on 2024
+0.1 pointsfrom 25.9%
Average, 2016–2025
25.5%10 years
Record high and low
28.1% (2020)low 11.8% (1962)

Government consumption (% of GDP)

Report error
10%15%20%25%30%19501960197019801990200020102020IcelandIceland
ForecastPercent of GDP

Compare with other countries →Definition of Government consumption (% of GDP)

Recent values

Percent of GDP

YearValue
202725.8Forecast
202626.0Forecast
202526.1
202425.9
202325.2
202225.5
202127.4
202028.1
201924.8
201824.3
201724.0
201623.4

Sources

This series is derived from other GMD variables.

Iceland documentation (PDF)

More for Iceland

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

Government consumption (% of GDP) elsewhere

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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 →

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