Government spending in Iceland was last recorded at 45.0 percent of GDP in 2025 . Government Spending to GDP in Iceland averaged 43.71 percent of GDP from 1980 until 2025, reaching an all time high of 62.80 percent of GDP in 2008 and a record low of 34.10 percent of GDP in 1980. source: Statistics Iceland

Government Spending to GDP in Iceland is expected to reach 46.20 percent of GDP by the end of 2026, 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 46.00 percent of GDP in 2027 and 45.80 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 605.20 552.40 ISK Billion Dec 2025
Government Budget Value -52.90 -42.90 ISK Billion Dec 2025
Government Revenues 552.30 509.50 ISK Billion Dec 2025
Government Spending 235769.00 228556.00 ISK Million Dec 2025
Government Spending to GDP 45.00 47.10 percent of GDP Dec 2025


Iceland Government Spending to GDP
Actual Previous Highest Lowest Dates Unit Frequency
45.00 47.10 62.80 34.10 1980 - 2025 percent of GDP Yearly