Government Spending in Iceland decreased to 74967 ISK Million in the third quarter of 2018 from 77043 ISK Million in the second quarter of 2018. Government Spending in Iceland averaged 63862.22 ISK Million from 1997 until 2018, reaching an all time high of 77049 ISK Million in the fourth quarter of 2017 and a record low of 44951 ISK Million in the first quarter of 1997.
Government Spending in Iceland is expected to be 79058.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Iceland to stand at 78235.00 in 12 months time. In the long-term, the Iceland Government Spending is projected to trend around 85093.00 ISK Million in 2020, according to our econometric models.