Government Spending in Iceland increased to 165661 ISK Million in the fourth quarter of 2021 from 159220 ISK Million in the third quarter of 2021. source: Statistics Iceland

Government Spending in Iceland averaged 70921.73 ISK Million from 1997 until 2021, 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 May of 2022.

Government Spending in Iceland is expected to be 165368.00 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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Iceland Government Spending

Related Last Previous Unit Reference
Government Budget Value -89.50 -34.20 ISK Billion Dec 2021
Government Spending 165661.00 159220.00 ISK Million Dec 2021
Government Spending to GDP 49.70 43.40 percent of GDP Dec 2020
Government Revenues 345.40 345.30 ISK Billion Dec 2021
Fiscal Expenditure 434.90 379.50 ISK Billion Dec 2021

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
165661.00 159220.00 165661.00 43717.00 1997 - 2021 ISK Million Quarterly
Constant Prices 2005, NSA