Government Spending in Iceland increased to 231545 ISK Million in the second quarter of 2026 from 226143 ISK Million in the first quarter of 2026. Government Spending in Iceland averaged 180549.00 ISK Million from 1997 until 2026, reaching an all time high of 234695.00 ISK Million in the fourth quarter of 2025 and a record low of 119321.00 ISK Million in the first quarter of 1997. source: Statistics Iceland

Government Spending in Iceland is expected to be 238215.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Spending is projected to trend around 243694.00 ISK Million in 2027 and 250030.00 ISK Million in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 592.10 565.60 ISK Billion Jun 2026
Government Budget Value -48.30 -16.60 ISK Billion Jun 2026
Government Revenues 543.80 548.90 ISK Billion Jun 2026
Government Spending 231545.00 226143.00 ISK Million Jun 2026
Government Spending to GDP 45.70 47.10 percent of GDP Dec 2025


Iceland Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.
Actual Previous Highest Lowest Dates Unit Frequency
231545.00 226143.00 234695.00 119321.00 1997 - 2026 ISK Million Quarterly
Constant Prices 2020, NSA