Iceland General government total expenditure (% of GDP) Statistics

20, Jun 2019, EDT.

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Country or Region: Iceland › Change country
Economic Indicator: General government total expenditure (% of GDP) › See all Iceland indicators, › See General government total expenditure (% of GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Icelandic Kr
Currency Symbol: ISK

Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. See notes for: General government total expenditure (National currency).

General government total expenditure (% of GDP) Statistics for Iceland , Year 2015 - In Detail

General government total expenditure (% of GDP) for Iceland in year 2015 is 43.597 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

This makes Iceland No. 37 in world rankings according to General government total expenditure (% of GDP) in year 2015. The world's average General government total expenditure (% of GDP) value is 33.88 %; Iceland is 9.72 more than the average.

In the previous year, 2014, General government total expenditure (% of GDP) for Iceland was 45.33 % General government total expenditure (% of GDP) for Iceland in 2015 was or will be 3.82% less than it was or will be in 2014.

In the following or forecasted year, 2016, General government total expenditure (% of GDP) for Iceland was or will be 42.90 %, which is 1.59% less than the 2015 figure.

* Source: IMF
General government total expenditure (% of GDP) for Iceland, in other Years
Year %
  2021 42.483
  2020 42.523
  2019 42.233
  2018 42.204
  2017 42.358
  2016 42.902
2015 43.597
  2014 45.328
  2013 43.964
  2012 45.421
  2011 45.712
  2010 49.398
  2009 48.529
  2008 55.66
  2007 41.011
  2006 41.138
  2005 41.459
  2004 42.987
  2003 44.761
  2002 43.445
  2001 41.924
  2000 41.325
  1999 41.568
  1998 40.805
  1997 41.73
  1996 43.138
  1995 43.81
  1994 44.41
  1993 44.54
  1992 44.127
  1991 42.334
  1990 42.075
  1989 42.425
  1988 40.935
  1987 36.057
  1986 39.005
  1985 36.567
  1984 34.272
  1983 37.358
  1982 35.612
  1981 34.93
  1980 33.571