{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"is-government-expenditure-gdp","url":"https://apiardata.com/statistics/is-government-expenditure-gdp","html_url":"https://apiardata.com/statistics/is-government-expenditure-gdp/","title":"Iceland Government Expenditure (% of GDP) (2025)","description":"Iceland's Government Expenditure (% of GDP): 45 % of GDP in 2025, -2.1pp YoY. Eurostat (GOV_10A_MAIN), 2000–2025.","domain":"trade","category":"Trade & Flows","keywords":["Trade & Investment","Eurostat","Iceland","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Iceland","temporal_coverage":"2000/2025","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"Iceland Government Expenditure (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/GOV_10A_MAIN/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2025"},{"label":"Observations","value":"26"},{"label":"Geography","value":"Iceland"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Iceland (2025)","value":"45","unit":"% of GDP","trend":{"direction":"down","value":"-2.1pp YoY"}},{"label":"YoY Change","value":"-2.1pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Iceland Government Expenditure (% of GDP)"}],"observation_count":26,"observations":[{"period":"2000","value":44.3},{"period":"2001","value":47},{"period":"2002","value":45},{"period":"2003","value":47.3},{"period":"2004","value":46.2},{"period":"2005","value":44.2},{"period":"2006","value":44.3},{"period":"2007","value":44.2},{"period":"2008","value":62.8},{"period":"2009","value":53.4},{"period":"2010","value":48.2},{"period":"2011","value":50},{"period":"2012","value":47.2},{"period":"2013","value":45.6},{"period":"2014","value":45.3},{"period":"2015","value":43},{"period":"2016","value":45.8},{"period":"2017","value":43.8},{"period":"2018","value":43.4},{"period":"2019","value":43},{"period":"2020","value":50.4},{"period":"2021","value":48.7},{"period":"2022","value":46.2},{"period":"2023","value":45.2},{"period":"2024","value":47.1},{"period":"2025","value":45}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"45.0","yoyChange":"-2.1pp"},{"year":"2024","value":"47.1","yoyChange":"+1.9pp"},{"year":"2023","value":"45.2","yoyChange":"-1.0pp"},{"year":"2022","value":"46.2","yoyChange":"-2.5pp"},{"year":"2021","value":"48.7","yoyChange":"-1.7pp"},{"year":"2020","value":"50.4","yoyChange":"+7.4pp"},{"year":"2019","value":"43.0","yoyChange":"-0.4pp"},{"year":"2018","value":"43.4","yoyChange":"-0.4pp"},{"year":"2017","value":"43.8","yoyChange":"-2.0pp"},{"year":"2016","value":"45.8","yoyChange":"+2.8pp"},{"year":"2015","value":"43.0","yoyChange":"-2.3pp"},{"year":"2014","value":"45.3","yoyChange":"-0.3pp"},{"year":"2013","value":"45.6","yoyChange":"-1.6pp"},{"year":"2012","value":"47.2","yoyChange":"-2.8pp"},{"year":"2011","value":"50.0","yoyChange":"+1.8pp"},{"year":"2010","value":"48.2","yoyChange":"-5.2pp"},{"year":"2009","value":"53.4","yoyChange":"-9.4pp"},{"year":"2008","value":"62.8","yoyChange":"+18.6pp"},{"year":"2007","value":"44.2","yoyChange":"-0.1pp"},{"year":"2006","value":"44.3","yoyChange":"+0.1pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks total general government expenditure as a percentage of GDP in Iceland from 2000 to present. It is published by Eurostat and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2000–2025 (26 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 62.8 % of GDP in 2008 and reached its lowest recorded value of 43 in 2019. The latest reading of 45 in 2025 represents a change of -2.1pp."}]}