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Iceland - Government Spending 1974

Government expenditure as % of GDP · World Bank
25.94% +3.04% from 1973 Global rank: 29th

Iceland's government spending was 25.94% in 1974, increased +3.04% from 22.90% in 1973. This was the 29th highest globally.

Global Ranking - 1974▾
Government Spending by Country - 1974
RankCountryValueYoY
1st India 8.73% -
2nd Honduras 8.87% -1.5%
3rd Thailand 10.33% -13.3%
4th Dominican Republic 11.27% 5.6%
5th Mexico 11.67% 12.0%
6th Peru 11.75% -10.7%
7th Korea 12.16% 9.0%
8th Japan 12.21% 12.0%
9th Türkiye 12.28% -18.9%
10th Switzerland 13.02% 5.1%
11th Singapore 13.21% -4.6%
12th Indonesia 13.23% 17.0%
13th Mauritius 14.00% -2.9%
14th Costa Rica 15.06% -3.1%
15th South Africa 16.04% 6.4%
16th Spain 16.41% 1.3%
17th United States 17.88% -0.1%
18th Australia 18.12% -1.7%
19th Greece 18.46% 15.1%
20th Kuwait 19.41% -15.4%
21st Finland 21.09% 6.1%
22nd Luxembourg 21.59% -2.0%
23rd Tunisia 21.67% 0.9%
24th Uruguay 21.93% 37.7%
25th Germany 22.11% 7.8%
26th Chile 23.50% -9.3%
27th Sweden 24.20% 5.3%
28th European Union 25.73% 4.9%
29th Iceland 25.94% 13.3%
30th Italy 26.52% -0.1%
31st New Zealand 27.67% 6.2%
32nd Austria 28.01% 1.1%
33rd Norway 28.27% 0.2%
34th Denmark 30.20% 12.6%
35th France 31.41% 6.0%
36th Ireland 31.53% 10.0%
37th Iran, Islamic Republic of 33.07% 79.0%
38th United Kingdom 33.25% 15.3%
39th Netherlands 35.80% 2.6%
40th Malta 38.88% 21.1%
41st Israel 50.95% -3.0%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Iceland's government spending in 1974?▾

Iceland's government spending in 1974 was 25.94%. This ranked 29th globally.

How did Iceland's government spending change in 1974?▾

Iceland's government spending increased by 13.3% in 1974 compared to 1973.

Which country had the highest government spending in 1974?▾

Israel had the highest government spending in 1974 at 50.95%.

What is the government spending of Iceland in 1974?▾

The government spending of Iceland in 1974 was 25.94%. This ranked 29th globally.

How does 1974 compare to 1973 for Iceland's government spending?▾

Iceland's government spending went from 22.90% in 1973 to 25.94% in 1974, a 13.3% increase.

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