Home → Iceland → Government Spending → 1987

Iceland - Government Spending 1987

Name: Iceland Government Spending 1987
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure as % of GDP · World Bank

25.83% −1.12% from 1986 Global rank: 19th

Iceland's government spending was 25.83% in 1987, decreased +1.12% from 26.95% in 1986. This was the 19th highest globally.

Global Ranking - 1987▾

Government Spending by Country - 1987
Rank	Country	Value	YoY
1st	Dominican Republic	8.48%	-24.8%
2nd	Indonesia	11.89%	-18.9%
3rd	Bolivia, Plurinational State of	12.17%	1.6%
4th	Korea	12.30%	-4.6%
5th	Türkiye	14.44%	5.7%
6th	Japan	14.74%	-2.5%
7th	Thailand	14.90%	-8.6%
8th	India	15.77%	2.8%
9th	Peru	15.85%	-6.4%
10th	Iran, Islamic Republic of	16.82%	-3.6%
11th	Mauritius	18.52%	-8.2%
12th	Chile	20.76%	-12.3%
13th	United States	21.37%	-3.9%
14th	Uruguay	23.14%	-4.1%
15th	South Africa	25.43%	0.7%
16th	Costa Rica	25.56%	5.4%
17th	Australia	25.66%	-1.7%
18th	Germany	25.66%	1.6%
19th	Iceland	25.83%	-4.2%
20th	Singapore	27.00%	19.2%
21st	Mexico	27.33%	9.7%
22nd	Cyprus	27.37%	8.3%
23rd	Malta	28.17%	0.2%
24th	Finland	28.73%	1.7%
25th	Tunisia	29.57%	-5.3%
26th	Spain	29.59%	0.1%
27th	Portugal	30.13%	-10.5%
28th	Egypt, Arab Republic of	30.15%	-14.4%
29th	Kuwait	30.58%	-20.8%
30th	Luxembourg	32.03%	4.1%
31st	United Kingdom	33.14%	-5.3%
32nd	Greece	34.82%	9.4%
33rd	Norway	34.87%	2.9%
34th	Denmark	35.06%	-0.6%
35th	Sweden	35.79%	-4.2%
36th	European Union	36.09%	0.6%
37th	Austria	37.00%	1.6%
38th	Lesotho	38.98%	-
39th	Romania	40.63%	-4.3%
40th	France	40.95%	-0.4%
41st	New Zealand	41.08%	9.6%
42nd	Seychelles	43.37%	4.6%
43rd	Ireland	44.71%	-0.7%
44th	Italy	46.88%	1.8%
45th	Israel	46.97%	-5.6%
46th	Netherlands	49.93%	2.6%
47th	Hungary	52.07%	-2.2%

FAQ

What was Iceland's government spending in 1987?▾

Iceland's government spending in 1987 was 25.83%. This ranked 19th globally.

How did Iceland's government spending change in 1987?▾

Iceland's government spending decreased by 4.2% in 1987 compared to 1986.

Which country had the highest government spending in 1987?▾

Hungary had the highest government spending in 1987 at 52.07%.

What is the government spending of Iceland in 1987?▾

The government spending of Iceland in 1987 was 25.83%. This ranked 19th globally.

How does 1987 compare to 1986 for Iceland's government spending?▾

Iceland's government spending went from 26.95% in 1986 to 25.83% in 1987, a 4.2% decrease.

HistorySaid - pattern alert

Iceland matched the Orthodox Tightening Cycle pattern in 1987. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 20.8%. View full analysis →

← 1986

View all years

1988 →