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Iceland - Government Spending 1994

Name: Iceland Government Spending 1994
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure as % of GDP · World Bank

29.04% −0.25% from 1993 Global rank: 44th

Iceland's government spending was 29.04% in 1994, decreased +0.25% from 29.30% in 1993. This was the 44th highest globally.

Global Ranking - 1994▾

Government Spending by Country - 1994
Rank	Country	Value	YoY
1st	Congo, Democratic Republic of	4.33%	-74.6%
2nd	Guatemala	7.94%	-7.9%
3rd	Dominican Republic	7.98%	-6.8%
4th	Cameroon	9.06%	-8.5%
5th	Indonesia	9.98%	-6.8%
6th	Mexico	10.40%	1.3%
7th	Singapore	10.92%	-25.1%
8th	Thailand	11.22%	-1.0%
9th	Nicaragua	11.31%	-55.1%
10th	Korea	12.76%	0.5%
11th	Mongolia	14.23%	-2.7%
12th	India	14.60%	-3.6%
13th	Argentina	14.90%	4.3%
14th	Japan	15.03%	8.5%
15th	Peru	15.43%	0.8%
16th	Iran, Islamic Republic of	15.54%	4.8%
17th	Chile	15.86%	-3.2%
18th	Belize	15.88%	8.1%
19th	Maldives	16.77%	-3.5%
20th	Bahamas, The	17.14%	-1.7%
21st	Switzerland	17.68%	0.5%
22nd	Latvia	17.70%	-
23rd	St. Kitts and Nevis	18.38%	6.1%
24th	Mauritius	18.53%	7.1%
25th	Bolivia, Plurinational State of	18.98%	-6.9%
26th	Jamaica	19.10%	2.2%
27th	Bhutan	20.35%	10.3%
28th	Morocco	20.40%	-3.3%
29th	United States	20.73%	-3.2%
30th	Lithuania	20.84%	22.2%
31st	Türkiye	21.94%	-4.4%
32nd	Bahrain	22.21%	-3.4%
33rd	Costa Rica	23.00%	18.8%
34th	Burundi	23.52%	-4.2%
35th	Canada	23.75%	-5.5%
36th	Sri Lanka	24.30%	6.4%
37th	Jordan	24.93%	-3.7%
38th	Australia	25.06%	0.5%
39th	South Africa	25.81%	-11.5%
40th	Fiji	26.98%	-2.2%
41st	Papua New Guinea	27.02%	-9.9%
42nd	Russian Federation	27.05%	-
43rd	Tunisia	28.04%	-1.4%
44th	Iceland	29.04%	-0.9%
45th	Botswana	29.08%	-10.9%
46th	Romania	29.77%	-0.4%
47th	Cyprus	29.83%	1.6%
48th	Belarus	29.94%	-17.7%
49th	Uruguay	30.17%	4.4%
50th	Czechia	30.27%	-1.6%
51st	Malta	30.28%	0.8%
52nd	Egypt, Arab Republic of	31.00%	-1.5%
53rd	Germany	31.75%	0.2%
54th	Luxembourg	32.49%	0.5%
55th	Lesotho	32.84%	15.8%
56th	Slovenia	33.32%	-0.2%
57th	Spain	33.79%	-2.5%
58th	Azerbaijan	34.20%	-
59th	Portugal	34.97%	-6.1%
60th	Poland	35.98%	-
61st	Croatia	36.58%	7.4%
62nd	Israel	36.59%	-2.1%
63rd	United Kingdom	37.08%	-0.8%
64th	Ireland	37.12%	-1.4%
65th	Norway	38.36%	-1.7%
66th	European Union	38.63%	-1.8%
67th	Austria	38.83%	-0.2%
68th	Finland	40.48%	-3.5%
69th	Denmark	40.75%	1.1%
70th	Sweden	42.01%	-5.1%
71st	Bulgaria	43.72%	0.1%
72nd	France	44.16%	0.3%
73rd	Seychelles	44.44%	-2.4%
74th	Netherlands	45.43%	-2.1%
75th	Italy	45.77%	-4.7%
76th	Hungary	50.96%	1.4%
77th	Kuwait	52.17%	-5.4%

FAQ

What was Iceland's government spending in 1994?▾

Iceland's government spending in 1994 was 29.04%. This ranked 44th globally.

How did Iceland's government spending change in 1994?▾

Iceland's government spending decreased by 0.9% in 1994 compared to 1993.

Which country had the highest government spending in 1994?▾

Kuwait had the highest government spending in 1994 at 52.17%.

What is the government spending of Iceland in 1994?▾

The government spending of Iceland in 1994 was 29.04%. This ranked 44th globally.

How does 1994 compare to 1993 for Iceland's government spending?▾

Iceland's government spending went from 29.30% in 1993 to 29.04% in 1994, a 0.9% decrease.

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