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Iceland - Government Spending 1988

Name: Iceland Government Spending 1988
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure as % of GDP · World Bank

28.80% +2.97% from 1987 Global rank: 26th

Iceland's government spending was 28.80% in 1988, increased +2.97% from 25.83% in 1987. This was the 26th highest globally.

Global Ranking - 1988▾

Government Spending by Country - 1988
Rank	Country	Value	YoY
1st	Dominican Republic	9.45%	11.5%
2nd	Indonesia	11.23%	-5.5%
3rd	Bolivia, Plurinational State of	11.68%	-4.0%
4th	Korea	11.87%	-3.5%
5th	Thailand	13.10%	-12.1%
6th	Peru	13.21%	-16.6%
7th	Japan	14.32%	-2.8%
8th	Türkiye	14.44%	0.0%
9th	India	15.52%	-1.6%
10th	Iran, Islamic Republic of	18.35%	9.1%
11th	Singapore	18.98%	-29.7%
12th	Chile	19.15%	-7.7%
13th	Mauritius	19.47%	5.1%
14th	United States	21.03%	-1.6%
15th	Bhutan	22.11%	26.1%
16th	Uruguay	22.44%	-3.0%
17th	Costa Rica	23.21%	-9.2%
18th	Mexico	23.80%	-12.9%
19th	Australia	24.17%	-5.8%
20th	Jamaica	24.45%	-
21st	Germany	25.45%	-0.8%
22nd	South Africa	25.69%	1.0%
23rd	Finland	27.61%	-3.9%
24th	Malta	27.65%	-1.8%
25th	Cyprus	27.70%	1.2%
26th	Iceland	28.80%	11.5%
27th	Spain	29.12%	-1.6%
28th	Portugal	29.79%	-1.1%
29th	Tunisia	30.58%	3.4%
30th	Luxembourg	30.85%	-3.7%
31st	United Kingdom	30.97%	-6.5%
32nd	Egypt, Arab Republic of	32.15%	6.6%
33rd	Sweden	34.58%	-3.4%
34th	Greece	34.61%	-0.6%
35th	European Union	34.79%	-3.6%
36th	Norway	36.23%	3.9%
37th	Denmark	36.52%	4.1%
38th	Romania	36.59%	-9.9%
39th	Lesotho	37.03%	-5.0%
40th	Austria	37.32%	0.9%
41st	New Zealand	39.19%	-4.6%
42nd	Kuwait	39.54%	29.3%
43rd	France	40.04%	-2.2%
44th	Ireland	41.08%	-8.1%
45th	Israel	41.22%	-12.2%
46th	Seychelles	42.31%	-2.4%
47th	Italy	42.32%	-9.7%
48th	Netherlands	47.83%	-4.2%
49th	Hungary	49.82%	-4.3%

FAQ

What was Iceland's government spending in 1988?▾

Iceland's government spending in 1988 was 28.80%. This ranked 26th globally.

How did Iceland's government spending change in 1988?▾

Iceland's government spending increased by 11.5% in 1988 compared to 1987.

Which country had the highest government spending in 1988?▾

Hungary had the highest government spending in 1988 at 49.82%.

What is the government spending of Iceland in 1988?▾

The government spending of Iceland in 1988 was 28.80%. This ranked 26th globally.

How does 1988 compare to 1987 for Iceland's government spending?▾

Iceland's government spending went from 25.83% in 1987 to 28.80% in 1988, a 11.5% increase.

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