Government spending in Iceland was last recorded at 41.9 percent of GDP in 2019 .

Government Spending to GDP in Iceland averaged 41.70 percent from 1980 until 2019, reaching an all time high of 54.50 percent in 2008 and a record low of 34.10 percent in 1980. This page provides the latest reported value for - Iceland Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Government Spending to GDP - values, historical data and charts - was last updated on June of 2020.

Government Spending to GDP in Iceland is expected to reach 41.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Spending to GDP is projected to trend around 41.00 percent in 2021, according to our econometric models.

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Iceland Government Spending to GDP

Actual Previous Highest Lowest Dates Unit Frequency
41.90 42.30 54.50 34.10 1980 - 2019 percent Yearly

Iceland Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.00 37.40 92.10 23.03 percent [+]
Government Budget -1.00 0.80 12.40 -12.90 percent of GDP [+]
Government Budget Value -8.30 -12.10 373.20 -206.30 ISK Billion [+]
Government Spending 78789.00 83258.00 83258.00 43717.00 ISK Million [+]
Government Spending to GDP 41.90 42.30 54.50 34.10 percent [+]
Government Revenues 320.20 302.60 620.20 96.70 ISK Billion [+]
Fiscal Expenditure 328.50 314.80 370.50 97.80 ISK Billion [+]
Credit Rating 75.00 [+]
Asylum Applications 75.00 70.00 255.00 5.00 persons [+]