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.

Iceland Government Spending
Forecast Data Chart
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Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.30 52.80 94.70 23.00 percent [+]
Government Budget 0.00 12.30 12.30 -12.90 percent of GDP [+]
Government Budget Value 1.80 5.10 373.20 -206.30 ISK Billion [+]
Government Spending 74967.00 77043.00 77049.00 44951.00 ISK Million [+]
Government Spending to GDP 41.90 45.20 55.30 34.10 percent [+]
Government Revenues 297.80 290.20 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 296.00 285.10 370.50 97.80 ISK Billion [+]
Credit Rating 55.45 [+]
Asylum Applications 60.00 45.00 255.00 5.00 persons [+]

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. This page provides - Iceland Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Spending - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
74967.00 77043.00 77049.00 44951.00 1997 - 2018 ISK Million Quarterly
Constant Prices, NSA

Country Last Previous
Argentina 95670.00 Sep/18
Australia 87057.00 Sep/18
Brazil 115583.12 Nov/18
Canada 417220.00 Sep/18
China 203330.00 Dec/17
Euro Area 542.69 Sep/18
France 136072.00 Sep/18
Germany 142.29 Sep/18
India 4216.64 Sep/18
Indonesia 205839.31 Sep/18
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Japan 107015.20 Sep/18
Mexico 2120744.19 Sep/18
Netherlands 44573.00 Sep/18
Russia 3930.20 Sep/18
Saudi Arabia 156928.00 Sep/18
Singapore 10674.70 Sep/18
South Africa 643704.00 Sep/18
South Korea 62355.80 Dec/18
Spain 55858.00 Sep/18
Switzerland 19864.58 Sep/18
Turkey 58201812.20 Sep/18
United Kingdom 91629.00 Sep/18
United States 3192.01 Sep/18