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Iceland - Government Spending 2018

Name: Iceland Government Spending 2018
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure as % of GDP · World Bank

30.38% −0.65% from 2017 Global rank: 92nd

Iceland's government spending was 30.38% in 2018, decreased +0.65% from 31.03% in 2017. This was the 92nd highest globally.

Global Ranking - 2018▾

Government Spending by Country - 2018
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	0.9%
2nd	United Arab Emirates	3.80%	-2.3%
3rd	Myanmar	6.38%	-62.3%
4th	Bangladesh	7.49%	-1.9%
5th	Madagascar	9.83%	-7.1%
6th	Congo, Democratic Republic of	10.08%	28.6%
7th	Central African Republic	10.12%	16.7%
8th	Equatorial Guinea	10.32%	4.2%
9th	Mali	10.37%	-1.2%
10th	Cambodia	10.76%	-0.3%
11th	Zimbabwe	10.98%	12.2%
12th	Cameroon	11.37%	8.0%
13th	Uganda	11.84%	5.1%
14th	Lao PDR	12.31%	-0.2%
15th	Guinea-Bissau	12.81%	-2.7%
16th	Guatemala	12.98%	0.7%
17th	Panama	13.59%	-2.5%
18th	Togo	13.63%	18.4%
19th	Gabon	13.70%	-12.6%
20th	Angola	13.85%	-4.9%
21st	Philippines	14.21%	4.4%
22nd	Tanzania	14.57%	-7.4%
23rd	Macao SAR, China	14.60%	-4.0%
24th	Singapore	14.68%	2.8%
25th	Uzbekistan	14.70%	15.7%
26th	Kazakhstan	14.71%	-22.7%
27th	Côte d'Ivoire	14.74%	-1.4%
28th	Malawi	14.92%	12.7%
29th	Sri Lanka	15.28%	-0.3%
30th	India	15.66%	0.3%
31st	Malaysia	15.92%	0.6%
32nd	Dominican Republic	16.03%	-4.8%
33rd	Japan	16.07%	-0.8%
34th	Paraguay	16.13%	11.5%
35th	Congo, Republic of	16.42%	2.4%
36th	Switzerland	16.72%	-2.9%
37th	Nicaragua	16.85%	2.0%
38th	Burkina Faso	17.37%	-6.1%
39th	Bahamas, The	17.38%	-11.9%
40th	Canada	17.54%	-0.4%
41st	Ghana	17.60%	1.4%
42nd	Papua New Guinea	18.31%	10.4%
43rd	Rwanda	18.69%	0.1%
44th	Thailand	19.02%	-0.5%
45th	Bhutan	19.39%	10.0%
46th	Mozambique	19.65%	11.5%
47th	Senegal	19.85%	0.3%
48th	Mexico	19.87%	0.0%
49th	Peru	19.89%	-1.3%
50th	Zambia	20.11%	-3.9%
51st	Nepal	20.17%	19.7%
52nd	Azerbaijan	21.40%	-23.5%
53rd	Maldives	21.97%	8.0%
54th	Micronesia, Federated States of	22.05%	-2.6%
55th	Armenia	22.08%	-2.4%
56th	Mauritius	22.24%	1.4%
57th	United States	22.30%	0.0%
58th	Bahrain	22.47%	-0.2%
59th	Mongolia	22.50%	-5.1%
60th	Cabo Verde	22.51%	20.6%
61st	Chile	22.62%	1.2%
62nd	Argentina	22.67%	-6.6%
63rd	Morocco	22.86%	0.8%
64th	Albania	22.93%	-2.2%
65th	Ireland	23.05%	-2.9%
66th	Korea	23.57%	3.6%
67th	Kenya	23.64%	-5.9%
68th	Georgia	23.72%	-11.7%
69th	Iraq	24.48%	-5.7%
70th	West Bank and Gaza	24.62%	-8.4%
71st	El Salvador	24.73%	-0.5%
72nd	Jamaica	24.79%	-0.9%
73rd	Kyrgyz Republic	25.49%	-2.2%
74th	Vanuatu	25.62%	-4.9%
75th	Australia	26.13%	-1.5%
76th	Jordan	26.29%	2.9%
77th	Eswatini	26.76%	-1.1%
78th	Saudi Arabia	26.80%	3.1%
79th	Germany	27.36%	-0.6%
80th	Solomon Islands	27.58%	-8.8%
81st	Moldova	27.78%	2.0%
82nd	North Macedonia	27.85%	-0.5%
83rd	Fiji	28.03%	10.5%
84th	Belarus	28.16%	-3.9%
85th	Samoa	28.31%	14.8%
86th	Costa Rica	28.92%	13.9%
87th	Russian Federation	28.94%	-5.8%
88th	Botswana	29.06%	3.2%
89th	Lebanon	29.35%	12.9%
90th	New Zealand	29.68%	-0.7%
91st	Colombia	29.97%	9.0%
92nd	Iceland	30.38%	-2.1%
93rd	Latvia	30.65%	0.7%
94th	Tonga	31.08%	-2.6%
95th	Trinidad and Tobago	31.36%	-5.1%
96th	Lithuania	31.68%	1.9%
97th	Spain	31.73%	1.2%
98th	Czechia	31.83%	1.4%
99th	Uruguay	31.91%	2.1%
100th	Sweden	32.04%	0.2%
101st	Brazil	32.23%	-0.4%
102nd	Malta	32.59%	2.4%
103rd	Romania	32.75%	3.6%
104th	Poland	33.06%	-3.5%
105th	Türkiye	33.14%	5.0%
106th	Bulgaria	33.16%	3.6%
107th	Ukraine	33.41%	-0.6%
108th	Ecuador	33.73%	7.0%
109th	South Africa	34.00%	2.2%
110th	Bosnia and Herzegovina	34.50%	1.8%
111th	Namibia	35.10%	-9.0%
112th	Serbia	35.19%	-2.6%
113th	Estonia	35.22%	1.5%
114th	Israel	35.82%	0.8%
115th	Denmark	36.18%	-0.3%
116th	European Union	36.58%	-1.2%
117th	Slovak Republic	37.13%	0.2%
118th	Norway	37.13%	-4.0%
119th	United Kingdom	37.20%	1.0%
120th	Finland	37.68%	-1.3%
121st	Netherlands	37.99%	-0.8%
122nd	Croatia	38.29%	-1.9%
123rd	Luxembourg	38.83%	2.8%
124th	Lesotho	39.25%	-1.2%
125th	Portugal	39.28%	-5.7%
126th	Hungary	39.70%	-5.5%
127th	Belgium	39.94%	-0.4%
128th	Cyprus	40.34%	9.5%
129th	Palau	40.72%	-1.5%
130th	Slovenia	41.15%	-2.7%
131st	Italy	42.50%	-1.0%
132nd	Austria	44.14%	-1.6%
133rd	San Marino	44.37%	2.5%
134th	France	47.10%	-2.8%
135th	Greece	48.02%	0.7%
136th	Timor-Leste	56.94%	-0.2%
137th	Kiribati	61.71%	-4.2%
138th	Marshall Islands	61.73%	1.6%
139th	Nauru	78.44%	-13.4%

FAQ

What was Iceland's government spending in 2018?▾

Iceland's government spending in 2018 was 30.38%. This ranked 92nd globally.

How did Iceland's government spending change in 2018?▾

Iceland's government spending decreased by 2.1% in 2018 compared to 2017.

Which country had the highest government spending in 2018?▾

Nauru had the highest government spending in 2018 at 78.44%.

What is the government spending of Iceland in 2018?▾

The government spending of Iceland in 2018 was 30.38%. This ranked 92nd globally.

How does 2018 compare to 2017 for Iceland's government spending?▾

Iceland's government spending went from 31.03% in 2017 to 30.38% in 2018, a 2.1% decrease.

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