Iceland Government Expenditure (% of GDP) (2024)
Iceland's Government Expenditure (% of GDP): 47.1 % of GDP in 2024, +1.9pp YoY. Eurostat (GOV_10A_MAIN), 2000–2024.
Iceland (2024)
47.1
% of GDP
+1.9pp YoY
YoY Change
+1.9pp
percentage points
Trend
up
Series length
25
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 47.1 | +1.9pp |
| 2023 | 45.2 | -1pp |
| 2022 | 46.2 | -2.5pp |
| 2021 | 48.7 | -1.7pp |
| 2020 | 50.4 | +7.4pp |
| 2019 | 43 | -0.4pp |
| 2018 | 43.4 | -0.4pp |
| 2017 | 43.8 | -2pp |
| 2016 | 45.8 | +2.8pp |
| 2015 | 43 | -2.3pp |
| 2014 | 45.3 | -0.3pp |
| 2013 | 45.6 | -1.6pp |
| 2012 | 47.2 | -2.8pp |
| 2011 | 50 | +1.8pp |
| 2010 | 48.2 | -5.2pp |
| 2009 | 53.4 | -9.4pp |
| 2008 | 62.8 | +18.6pp |
| 2007 | 44.2 | -0.1pp |
| 2006 | 44.3 | +0.1pp |
| 2005 | 44.2 | n/a |
About this Dataset
Iceland recorded 47.1 % of GDP in 2024. The most recent year-on-year change was +1.9pp. The historical series (2000–2024) shows a peak of 62.8 in 2008 and a trough of 43.0 in 2019.
Data sourced from Eurostat via SDMX REST API. Values use harmonised methodology ensuring cross-country comparability within the European statistical framework.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks iceland government expenditure (% of gdp) in Iceland, published by Eurostat. Data covers 2000–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. Eurostat typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 62.8 % of GDP in 2008 and reached its lowest recorded value of 43.0 in 2019. The latest reading of 47.1 in 2024 represents a year-on-year change of +1.9pp.