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Iceland - Government Spending 1976

Government expenditure as % of GDP · World Bank
21.75% −3.73% from 1975 Global rank: 19th

Iceland's government spending was 21.75% in 1976, decreased +3.73% from 25.49% in 1975. This was the 19th highest globally.

Global Ranking - 1976▾
Government Spending by Country - 1976
RankCountryValueYoY
1st Niger 9.99% -
2nd Dominican Republic 10.39% 11.0%
3rd India 10.63% 5.1%
4th Honduras 10.65% 5.9%
5th Indonesia 12.92% -2.7%
6th Thailand 13.05% 4.2%
7th Mexico 13.13% 4.7%
8th Japan 13.43% 5.0%
9th Türkiye 14.08% -1.0%
10th Peru 14.23% 4.6%
11th Korea 14.34% 5.3%
12th Singapore 15.49% 2.0%
13th Costa Rica 16.35% 0.3%
14th Switzerland 16.99% 12.1%
15th Spain 17.60% 1.7%
16th South Africa 18.53% 5.2%
17th Greece 19.64% 8.1%
18th United States 19.73% 1.3%
19th Iceland 21.75% -14.7%
20th Mauritius 21.91% 23.7%
21st Uruguay 22.93% 1.9%
22nd Australia 23.61% 11.2%
23rd Tunisia 23.70% 0.6%
24th Germany 24.55% 0.7%
25th Chile 25.22% -6.7%
26th Finland 25.38% 2.7%
27th Cyprus 25.88% -14.3%
28th Portugal 25.93% 9.3%
29th Sweden 26.68% 8.7%
30th European Union 28.41% 0.5%
31st New Zealand 28.50% -9.3%
32nd Iran, Islamic Republic of 29.42% -13.6%
33rd Italy 29.94% -3.3%
34th Denmark 30.02% -3.4%
35th Luxembourg 30.28% 1.8%
36th Norway 31.25% 7.7%
37th Malta 31.44% -10.2%
38th Austria 31.74% 1.6%
39th France 34.13% 0.7%
40th Ireland 35.32% 1.4%
41st United Kingdom 36.44% -0.1%
42nd Netherlands 40.93% 0.6%
43rd Egypt, Arab Republic of 43.75% -13.8%
44th Israel 56.40% 5.1%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Iceland's government spending in 1976?▾

Iceland's government spending in 1976 was 21.75%. This ranked 19th globally.

How did Iceland's government spending change in 1976?▾

Iceland's government spending decreased by 14.7% in 1976 compared to 1975.

Which country had the highest government spending in 1976?▾

Israel had the highest government spending in 1976 at 56.40%.

What is the government spending of Iceland in 1976?▾

The government spending of Iceland in 1976 was 21.75%. This ranked 19th globally.

How does 1976 compare to 1975 for Iceland's government spending?▾

Iceland's government spending went from 25.49% in 1975 to 21.75% in 1976, a 14.7% decrease.

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