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.

Iceland Government Spending
Forecast Data Chart
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Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 43.10 92.10 23.03 percent [+]
Government Budget 1.10 0.50 12.40 -12.90 percent of GDP [+]
Government Budget Value 6.10 1.90 373.20 -206.30 ISK Billion [+]
Government Spending 79869.00 76637.00 79869.00 43717.00 ISK Million [+]
Government Spending to GDP 41.70 43.30 54.50 34.10 percent [+]
Government Revenues 308.50 287.70 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 302.30 285.80 370.50 97.80 ISK Billion [+]
Credit Rating 55.45 [+]
Asylum Applications 45.00 50.00 255.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
79869.00 76637.00 79869.00 43717.00 1997 - 2019 ISK Million Quarterly
Constant Prices 2005, NSA

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