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Iceland - Government Spending 1989

Government expenditure as % of GDP · World Bank
30.29% +1.49% from 1988 Global rank: 31st

Iceland's government spending was 30.29% in 1989, increased +1.49% from 28.80% in 1988. This was the 31st highest globally.

Global Ranking - 1989▾
Government Spending by Country - 1989
RankCountryValueYoY
1st Guinea 7.63% -
2nd Dominican Republic 8.49% -10.2%
3rd Indonesia 11.58% 3.1%
4th Thailand 12.51% -4.5%
5th Korea 12.73% 7.3%
6th Peru 12.98% -1.8%
7th Bolivia, Plurinational State of 13.06% 11.9%
8th Japan 14.75% 3.0%
9th Türkiye 14.99% 3.8%
10th Iran, Islamic Republic of 15.00% -18.3%
11th India 15.97% 2.9%
12th Singapore 17.55% -7.5%
13th Chile 17.61% -8.0%
14th Mauritius 19.17% -1.5%
15th Mexico 19.34% -18.7%
16th United States 20.86% -0.8%
17th Bhutan 21.33% -3.5%
18th Australia 22.16% -8.3%
19th Uruguay 22.87% 1.9%
20th Jamaica 24.25% -0.8%
21st Costa Rica 24.36% 4.9%
22nd Germany 24.47% -3.9%
23rd South Africa 24.99% -2.7%
24th Finland 26.88% -2.6%
25th Egypt, Arab Republic of 27.23% -15.3%
26th Malta 27.47% -0.7%
27th Cyprus 27.48% -0.8%
28th Luxembourg 28.07% -9.0%
29th Spain 29.42% 1.0%
30th United Kingdom 29.65% -4.3%
31st Iceland 30.29% 5.2%
32nd Portugal 31.15% 4.6%
33rd Tunisia 31.87% 4.2%
34th Sweden 34.04% -1.6%
35th European Union 34.34% -1.3%
36th Lesotho 34.55% -6.7%
37th Kuwait 34.75% -12.1%
38th Ireland 35.17% -14.4%
39th Austria 35.89% -3.8%
40th Norway 36.75% 1.4%
41st Denmark 36.87% 1.0%
42nd Greece 38.81% 12.1%
43rd France 39.11% -2.3%
44th Romania 40.00% 9.3%
45th Israel 41.99% 1.9%
46th Italy 43.21% 2.1%
47th Seychelles 44.45% 5.1%
48th Netherlands 46.16% -3.5%
49th Hungary 50.40% 1.2%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Iceland's government spending in 1989?▾

Iceland's government spending in 1989 was 30.29%. This ranked 31st globally.

How did Iceland's government spending change in 1989?▾

Iceland's government spending increased by 5.2% in 1989 compared to 1988.

Which country had the highest government spending in 1989?▾

Hungary had the highest government spending in 1989 at 50.40%.

What is the government spending of Iceland in 1989?▾

The government spending of Iceland in 1989 was 30.29%. This ranked 31st globally.

How does 1989 compare to 1988 for Iceland's government spending?▾

Iceland's government spending went from 28.80% in 1988 to 30.29% in 1989, a 5.2% increase.

HistorySaid - pattern alert

Iceland matched the Orthodox Tightening Cycle pattern in 1989. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 6.8%. View full analysis →

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1988 1990 All years Full ranking 1989 Tax Revenue Military Spending Health Spending Government Debt to GDP Budget Deficit Peak: 2008 Lowest: 1977 Government Spending 1990s Government Spending 2000s Government Spending 2010s Government Spending 2020s Highest ever Lowest ever Average vs Cayman Islands vs Singapore vs Norway vs United States NATO Government Spending OECD Government Spending Global Ranking