Commercial users: see the World Economic Database from our partners at Anansi Data Analytics

Iceland: Government expenditure

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

2025
2.23 trillionlocal currency
Change on 2024
+3.4%year on year
Average growth, 2015–2025
+8.3%a year

Government expenditure

Report error
10k1M100M10B1T192019401960198020002020IcelandIceland
ForecastLocal currency

Compare with other countries →Definition of Government expenditure

Recent values

Millions of local currency

YearValue
20312,917,416Forecast
20302,774,911Forecast
20292,638,922Forecast
20282,510,887Forecast
20272,404,202Forecast
20262,308,448Forecast
20252,230,019
20242,156,408
20231,976,626
20221,823,494
20211,622,459
20201,503,922
20191,317,268
20181,253,911
20171,172,706
20161,166,597

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 →

GMD release 2026_09 · License & terms