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Iceland: Government expenditure

Millions of local currency · 1901–2025 · 125 observations · forecasts to 2031 · govexp

2025
2.21 trillionlocal currency
Change on 2024
+3.2%year on year
Average growth, 2015–2025
+8.3%a year

Government expenditure

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10k1M100M10B1T192019401960198020002020IcelandIceland
ForecastLocal currency

Compare with other countries →Definition of Government expenditure

Recent values

Millions of local currency

YearValue
20312,903,925Forecast
20302,763,114Forecast
20292,628,698Forecast
20282,502,090Forecast
20272,396,965Forecast
20262,313,806Forecast
20252,212,042
20242,144,441
20231,953,128
20221,798,118
20211,597,128
20201,476,299
20191,301,223
20181,234,320
20171,157,178
20161,150,521

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 expenditure 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 →

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