Name: Iceland Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Iceland,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Government Spending in Iceland decreased to 228450 ISK Million in the third quarter of 2025 from 230526 ISK Million in the second quarter of 2025. Government Spending in Iceland averaged 179279.94 ISK Million from 1997 until 2025, reaching an all time high of 233265.00 ISK Million in the fourth quarter of 2024 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 230547.00 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 237674.00 ISK Million in 2027 and 243140.00 ISK Million in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	544.30	556.60	ISK Billion	Sep 2025
Government Budget Value	-14.80	-22.60	ISK Billion	Sep 2025
Government Revenues	529.50	534.00	ISK Billion	Sep 2025
Government Spending	228450.00	230526.00	ISK Million	Sep 2025
Government Spending to GDP	46.70	45.20	percent of GDP	Dec 2024

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.