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Iceland - Government Spending 2019

Name: Iceland Government Spending 2019
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure as % of GDP · World Bank

30.69% +0.31% from 2018 Global rank: 91st

Iceland's government spending was 30.69% in 2019, increased +0.31% from 30.38% in 2018. This was the 91st highest globally.

Global Ranking - 2019▾

Government Spending by Country - 2019
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	1.0%
2nd	United Arab Emirates	4.10%	8.0%
3rd	Bangladesh	8.27%	10.4%
4th	Congo, Democratic Republic of	8.82%	-12.5%
5th	Central African Republic	9.94%	-1.8%
6th	Madagascar	10.13%	3.1%
7th	Mali	10.85%	4.6%
8th	Equatorial Guinea	11.41%	10.6%
9th	Cambodia	11.65%	8.2%
10th	Cameroon	12.32%	8.4%
11th	Lao PDR	12.45%	1.1%
12th	Guatemala	13.13%	1.1%
13th	Guinea-Bissau	13.21%	3.1%
14th	Togo	13.40%	-1.7%
15th	Uganda	13.52%	14.2%
16th	Gabon	13.54%	-1.1%
17th	Côte d'Ivoire	13.63%	-7.5%
18th	Myanmar	13.78%	115.9%
19th	Singapore	14.17%	-3.5%
20th	Angola	14.65%	5.8%
21st	Malawi	14.74%	-1.2%
22nd	Philippines	14.81%	4.2%
23rd	Burundi	14.91%	-12.4%
24th	Uzbekistan	15.00%	2.0%
25th	Panama	15.04%	10.6%
26th	Tanzania	15.38%	5.5%
27th	Macao SAR, China	15.85%	8.5%
28th	Sri Lanka	15.93%	4.2%
29th	Kazakhstan	16.06%	9.2%
30th	Congo, Republic of	16.23%	-1.2%
31st	Japan	16.42%	2.2%
32nd	Nicaragua	16.45%	-2.3%
33rd	Bhutan	16.63%	-14.2%
34th	Switzerland	16.85%	0.8%
35th	Malaysia	17.36%	9.0%
36th	Dominican Republic	17.50%	9.2%
37th	Ghana	17.51%	-0.5%
38th	Canada	18.11%	3.2%
39th	Burkina Faso	18.22%	4.9%
40th	Bahamas, The	18.47%	6.3%
41st	Thailand	18.67%	-1.9%
42nd	Kenya	18.80%	-20.5%
43rd	Papua New Guinea	19.14%	4.6%
44th	Rwanda	19.35%	3.5%
45th	Mexico	19.81%	-0.3%
46th	Mozambique	20.04%	2.0%
47th	Paraguay	20.35%	26.2%
48th	Peru	20.66%	3.9%
49th	Senegal	21.23%	7.0%
50th	Nepal	21.70%	7.6%
51st	Bahrain	21.75%	-3.2%
52nd	Armenia	21.76%	-1.4%
53rd	Zambia	21.96%	9.2%
54th	Ireland	22.00%	-4.6%
55th	Argentina	22.04%	-2.8%
56th	Mauritius	22.52%	1.2%
57th	United States	22.68%	1.7%
58th	Albania	22.88%	-0.2%
59th	Kyrgyz Republic	23.21%	-8.9%
60th	Chile	23.32%	3.1%
61st	Morocco	23.39%	2.3%
62nd	Micronesia, Federated States of	23.71%	7.5%
63rd	Cabo Verde	23.88%	6.1%
64th	Jamaica	23.98%	-3.3%
65th	Azerbaijan	24.28%	13.5%
66th	Georgia	24.36%	2.7%
67th	West Bank and Gaza	24.47%	-0.6%
68th	El Salvador	24.76%	0.1%
69th	Eswatini	25.28%	-5.5%
70th	Maldives	25.41%	15.7%
71st	Mongolia	25.62%	13.8%
72nd	Korea	25.95%	10.1%
73rd	Australia	26.07%	-0.2%
74th	Jordan	26.25%	-0.2%
75th	Saudi Arabia	26.71%	-0.3%
76th	Iraq	27.61%	12.8%
77th	Samoa	27.81%	-1.8%
78th	Vanuatu	27.84%	8.7%
79th	Germany	27.88%	1.9%
80th	Fiji	27.93%	-0.4%
81st	Moldova	28.27%	1.8%
82nd	Belarus	28.59%	1.5%
83rd	Botswana	28.80%	-0.9%
84th	Solomon Islands	28.98%	5.1%
85th	Lebanon	29.19%	-0.5%
86th	Costa Rica	29.46%	1.9%
87th	Russian Federation	29.61%	2.3%
88th	North Macedonia	29.69%	6.6%
89th	New Zealand	30.06%	1.3%
90th	Tonga	30.64%	-1.4%
91st	Iceland	30.69%	1.0%
92nd	Brazil	31.14%	-3.4%
93rd	Colombia	31.30%	4.4%
94th	Sweden	31.41%	-2.0%
95th	Latvia	31.77%	3.6%
96th	Czechia	32.04%	0.7%
97th	Uruguay	32.07%	0.5%
98th	Spain	32.11%	1.2%
99th	Lithuania	32.38%	2.2%
100th	Malta	32.70%	0.3%
101st	Ukraine	33.06%	-1.1%
102nd	Ecuador	33.15%	-1.7%
103rd	Bulgaria	33.19%	0.1%
104th	Trinidad and Tobago	33.32%	6.3%
105th	Romania	33.82%	3.3%
106th	Poland	33.83%	2.3%
107th	Bosnia and Herzegovina	34.05%	-1.3%
108th	Namibia	34.52%	-1.6%
109th	South Africa	34.65%	1.9%
110th	Türkiye	34.89%	5.3%
111th	Israel	35.25%	-1.6%
112th	Denmark	35.29%	-2.4%
113th	Estonia	35.65%	1.2%
114th	Serbia	35.74%	1.6%
115th	European Union	36.40%	-0.5%
116th	United Kingdom	36.41%	-2.1%
117th	Finland	37.31%	-1.0%
118th	Netherlands	37.50%	-1.3%
119th	Slovak Republic	38.10%	2.6%
120th	Croatia	38.47%	0.5%
121st	Cyprus	38.51%	-4.5%
122nd	Norway	38.56%	3.9%
123rd	Portugal	38.67%	-1.6%
124th	Lesotho	39.25%	0.0%
125th	Hungary	39.33%	-0.9%
126th	Belgium	39.40%	-1.3%
127th	Luxembourg	39.48%	1.7%
128th	Slovenia	40.79%	-0.9%
129th	Italy	42.29%	-0.5%
130th	Palau	42.41%	4.2%
131st	Austria	43.91%	-0.5%
132nd	San Marino	44.15%	-0.5%
133rd	France	45.89%	-2.6%
134th	Greece	46.93%	-2.3%
135th	Timor-Leste	49.05%	-13.9%
136th	Marshall Islands	65.28%	5.7%
137th	Kiribati	70.08%	13.6%
138th	Nauru	89.53%	14.1%

FAQ

What was Iceland's government spending in 2019?▾

Iceland's government spending in 2019 was 30.69%. This ranked 91st globally.

How did Iceland's government spending change in 2019?▾

Iceland's government spending increased by 1.0% in 2019 compared to 2018.

Which country had the highest government spending in 2019?▾

Nauru had the highest government spending in 2019 at 89.53%.

What is the government spending of Iceland in 2019?▾

The government spending of Iceland in 2019 was 30.69%. This ranked 91st globally.

How does 2019 compare to 2018 for Iceland's government spending?▾

Iceland's government spending went from 30.38% in 2018 to 30.69% in 2019, a 1.0% increase.

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