Government Spending in Iceland decreased to 229529 ISK Million in the first quarter of 2026 from 235769 ISK Million in the fourth quarter of 2025. Government Spending in Iceland averaged 180198.39 ISK Million from 1997 until 2026, reaching an all time high of 235769.00 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 234085.00 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 247221.00 ISK Million in 2027 and 252908.00 ISK Million in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 605.20 552.40 ISK Billion Dec 2025
Government Budget Value -52.90 -42.90 ISK Billion Dec 2025
Government Revenues 552.30 509.50 ISK Billion Dec 2025
Government Spending 229529.00 235769.00 ISK Million Mar 2026
Government Spending to GDP 45.00 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
229529.00 235769.00 235769.00 119321.00 1997 - 2026 ISK Million Quarterly
Constant Prices 2020, NSA