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Iceland - Government Spending 2014

Government expenditure as % of GDP · World Bank
33.98% −0.42% from 2013 Global rank: 106th

Iceland's government spending was 33.98% in 2014, decreased +0.42% from 34.41% in 2013. This was the 106th highest globally.

Global Ranking - 2014▾
Government Spending by Country - 2014
RankCountryValueYoY
1st United Arab Emirates 3.70% -3.3%
2nd Equatorial Guinea 7.09% -11.8%
3rd Central African Republic 8.27% 1.1%
4th Côte d'Ivoire 9.22% -7.2%
5th Cambodia 9.44% 3.5%
6th Bangladesh 9.50% 0.0%
7th Madagascar 9.85% 4.8%
8th Mali 10.90% -2.2%
9th Macao SAR, China 11.36% 8.6%
10th Sudan 11.43% -0.8%
11th Congo, Democratic Republic of 11.49% -6.4%
12th Togo 11.55% -9.9%
13th Congo, Republic of 12.76% 17.4%
14th Philippines 12.82% -2.9%
15th Cameroon 12.86% -0.6%
16th Burkina Faso 12.88% 4.4%
17th Panama 12.91% -
18th Singapore 13.15% 6.3%
19th Guatemala 13.28% 1.9%
20th Nepal 13.58% 7.0%
21st Paraguay 14.00% -2.5%
22nd Malawi 14.07% 8.3%
23rd Sri Lanka 14.20% 0.3%
24th India 14.80% -11.0%
25th Uzbekistan 14.97% -1.2%
26th Gabon 15.25% -6.6%
27th Kazakhstan 15.31% 4.8%
28th Nicaragua 15.43% 2.2%
29th Lao PDR 15.49% -7.9%
30th Dominican Republic 15.68% 1.3%
31st Bahamas, The 15.80% -2.8%
32nd Tanzania 16.08% 8.4%
33rd Canada 16.40% -4.0%
34th Myanmar 16.49% 17.5%
35th Switzerland 16.72% -0.4%
36th Burundi 16.94% -0.5%
37th Bhutan 17.03% -8.6%
38th Rwanda 17.42% 16.4%
39th Japan 17.57% -3.1%
40th Cabo Verde 17.93% 5.7%
41st Ghana 18.20% -5.6%
42nd Micronesia, Federated States of 18.40% -0.3%
43rd St. Lucia 18.71% -1.1%
44th Belize 19.44% 3.1%
45th Malaysia 19.68% -4.5%
46th Thailand 20.00% 0.9%
47th Zambia 20.26% 13.5%
48th Peru 20.51% 8.2%
49th Kenya 20.54% -
50th Chile 20.68% 2.4%
51st Mexico 21.00% 1.5%
52nd Mauritius 21.57% 1.1%
53rd Papua New Guinea 21.75% -1.6%
54th Azerbaijan 22.10% 5.6%
55th Korea 22.53% -1.9%
56th United States 22.68% -1.1%
57th El Salvador 22.77% -1.0%
58th Vanuatu 22.99% 5.0%
59th Bahrain 23.51% 4.6%
60th Mongolia 23.73% 0.3%
61st Armenia 23.99% 6.0%
62nd St. Kitts and Nevis 24.19% 1.9%
63rd Honduras 24.24% 1.5%
64th Albania 24.26% 0.6%
65th St. Vincent and the Grenadines 24.45% 2.8%
66th Argentina 24.57% 45.6%
67th Maldives 24.65% 10.0%
68th Angola 24.78% -1.2%
69th Eswatini 25.30% 10.1%
70th Morocco 25.42% -1.1%
71st Jamaica 25.68% 2.7%
72nd Iraq 25.71% -
73rd Fiji 25.83% 5.9%
74th Lebanon 25.95% -2.8%
75th Kyrgyz Republic 26.00% -
76th Australia 26.14% 1.4%
77th Georgia 26.24% 6.6%
78th Russian Federation 26.46% 7.5%
79th West Bank and Gaza 26.63% 5.7%
80th Costa Rica 26.74% 0.8%
81st Belarus 27.41% -3.0%
82nd Jordan 27.49% 4.8%
83rd Germany 27.52% -1.7%
84th Saudi Arabia 27.82% 9.7%
85th Barbados 27.95% -4.6%
86th North Macedonia 28.37% 0.4%
87th Botswana 29.13% -1.2%
88th Türkiye 29.27% 1.0%
89th Brazil 29.28% 4.0%
90th Moldova 29.37% 8.3%
91st Uruguay 29.58% 1.1%
92nd Solomon Islands 30.16% -1.1%
93rd Colombia 30.16% -9.4%
94th Tonga 30.38% 9.9%
95th Samoa 30.73% 6.9%
96th Trinidad and Tobago 31.10% 5.6%
97th South Africa 31.91% 2.1%
98th Latvia 32.28% 1.9%
99th New Zealand 32.33% -2.3%
100th Romania 32.44% 1.3%
101st Lithuania 32.76% -0.9%
102nd Egypt, Arab Republic of 32.92% 2.2%
103rd Sweden 33.26% -1.4%
104th Ecuador 33.33% -0.6%
105th Estonia 33.61% -1.5%
106th Iceland 33.98% -1.2%
107th Czechia 34.22% -0.9%
108th Ireland 34.39% -8.6%
109th Spain 34.53% -2.3%
110th Israel 34.87% -3.6%
111th Poland 35.07% -2.3%
112th Norway 35.61% 4.1%
113th Namibia 37.15% 4.8%
114th Luxembourg 37.74% -2.1%
115th Malta 37.74% -2.9%
116th Bulgaria 37.94% 15.3%
117th Lesotho 38.32% -10.3%
118th European Union 38.62% -1.3%
119th United Kingdom 39.15% -2.2%
120th Denmark 39.85% -1.1%
121st Bosnia and Herzegovina 39.95% 6.9%
122nd Slovak Republic 40.05% 0.1%
123rd Finland 40.79% 1.3%
124th Serbia 40.91% 4.6%
125th Netherlands 41.95% -1.2%
126th Croatia 42.13% 4.6%
127th Ukraine 43.54% 12.6%
128th Italy 43.57% -0.4%
129th Afghanistan 44.59% 5.9%
130th Belgium 44.95% -0.9%
131st Hungary 44.99% -4.2%
132nd San Marino 45.62% -0.9%
133rd Palau 46.00% -6.2%
134th Austria 47.38% 0.3%
135th Slovenia 47.53% -12.9%
136th Portugal 47.56% 4.3%
137th France 49.12% 0.1%
138th Marshall Islands 49.19% -9.3%
139th Greece 49.75% -18.9%
140th Cyprus 50.88% 13.3%
141st Kiribati 55.25% -8.2%
142nd Timor-Leste 67.36% 7.1%
143rd Nauru 86.75% -
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Iceland's government spending in 2014?▾

Iceland's government spending in 2014 was 33.98%. This ranked 106th globally.

How did Iceland's government spending change in 2014?▾

Iceland's government spending decreased by 1.2% in 2014 compared to 2013.

Which country had the highest government spending in 2014?▾

Nauru had the highest government spending in 2014 at 86.75%.

What is the government spending of Iceland in 2014?▾

The government spending of Iceland in 2014 was 33.98%. This ranked 106th globally.

How does 2014 compare to 2013 for Iceland's government spending?▾

Iceland's government spending went from 34.41% in 2013 to 33.98% in 2014, a 1.2% decrease.

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