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Iceland: Government expenditure (% of GDP)

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

Government expenditure (% of GDP)

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

Compare with other countries →Definition of 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

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 (% 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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