Iceland

Government Spending (% of GDP)

27.43
percent of GDP
Dec 73Dec 76Dec 79Dec 83Dec 86Dec 89Dec 92Dec 95Dec 98Dec 01Dec 04Dec 07Dec 11Dec 14Dec 17Dec 210.0007.00014.0021.0028.00
  • Iceland
  • Global Median
Source: IMF

News

Definition of Government Spending (% of GDP)

General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

Maxinomics LogoThe World's Economic Atlas

TYPE TO BEGIN SEARCHING