Iceland Government Spending2022 Data - 2023 Forecast - 1997-2021 Historical - Chart

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,2021,2022,2023

Government Spending in Iceland decreased to 162977 ISK Million in the first quarter of 2022 from 165661 ISK Million in the fourth quarter of 2021. source: Statistics Iceland

Government Spending in Iceland averaged 71833.17 ISK Million from 1997 until 2022, reaching an all time high of 165661 ISK Million in the fourth quarter of 2021 and a record low of 43717 ISK Million in the first quarter of 1997. This page provides - Iceland Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Spending - values, historical data and charts - was last updated on June of 2022.

Government Spending in Iceland is expected to be 166558.00 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 176091.00 ISK Million in 2023 and 180670.00 ISK Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Budget Value	-20.70	-89.50	ISK Billion	Mar 2022
Government Spending	162977.00	165661.00	ISK Million	Mar 2022
Government Spending to GDP	49.70	43.40	percent of GDP	Dec 2020
Government Revenues	370.40	345.40	ISK Billion	Mar 2022
Fiscal Expenditure	391.20	434.90	ISK Billion	Mar 2022

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.