Government Spending in Iceland increased to 79869 ISK Million in the second quarter of 2019 from 76637 ISK Million in the first quarter of 2019. Government Spending in Iceland averaged 64360.43 ISK Million from 1997 until 2019, reaching an all time high of 79869 ISK Million in the second quarter of 2019 and a record low of 43717 ISK Million in the first quarter of 1997.
Government Spending in Iceland is expected to be 75521.63 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 80558.00 in 12 months time. In the long-term, the Iceland Government Spending is projected to trend around 84882.57 ISK Million in 2020, according to our econometric models.