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Iceland: General government expenditure (% of GDP)

Percent of GDP · 1901–2025 · 125 observations · forecasts to 2031 · gen_govexp_GDP

2025
45.0%percent of GDP
Change on 2024
−2.1 pointsfrom 47.1%
Average, 2016–2025
45.9%10 years
Record high and low
62.8% (2008)low 2.51% (1916)

General government expenditure (% of GDP)

Report error
0%10%20%30%40%50%60%70%192019401960198020002020IcelandIceland
ForecastPercent of GDP

Compare with other countries →Definition of General government expenditure (% of GDP)

Recent values

Percent of GDP

YearValue
203143.6Forecast
203043.7Forecast
202943.7Forecast
202843.8Forecast
202744.1Forecast
202644.7Forecast
202545.0
202447.1
202345.2
202246.2
202148.7
202050.4
201943.0
201843.4
201743.8
201645.8

Sources

  • Statistics Iceland1901–1990
  • IMF Fiscal Policy Panel1909–2023
  • IMF Government Finance Statistics1972–2023
  • IMF World Economic Outlook1980–2024
  • OECD Economic Outlook1980–2025
  • Eurostat1998–2025
  • IMF WEO (forecast)2024–2031
  • 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 →

General government expenditure (% 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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