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Iceland - Government Spending 2020

Government expenditure as % of GDP · World Bank
36.35% +5.66% from 2019 Global rank: 95th

Iceland's government spending was 36.35% in 2020, increased +5.66% from 30.69% in 2019. This was the 95th highest globally.

Global Ranking - 2020▾
Government Spending by Country - 2020
RankCountryValueYoY
1st Somalia, Fed. Rep. 0.00% 53.6%
2nd United Arab Emirates 5.15% 25.4%
3rd Bangladesh 8.15% -1.5%
4th Congo, Democratic Republic of 9.47% 7.4%
5th Lao PDR 11.45% -8.0%
6th Madagascar 11.80% 16.4%
7th Cameroon 12.06% -2.1%
8th Mali 12.24% 12.8%
9th Equatorial Guinea 12.25% 7.4%
10th Cambodia 12.94% 11.1%
11th Uganda 13.67% 1.2%
12th Central African Republic 13.97% 40.6%
13th Togo 14.24% 6.3%
14th Tanzania 14.29% -7.0%
15th Burundi 14.51% -2.7%
16th Lebanon 14.94% -48.8%
17th Guatemala 15.00% 14.3%
18th Guinea-Bissau 15.09% 14.3%
19th Côte d'Ivoire 16.03% 17.6%
20th Nicaragua 16.42% -0.2%
21st Gabon 16.45% 21.4%
22nd Malawi 16.49% 11.9%
23rd Kazakhstan 16.83% 4.8%
24th Congo, Republic of 17.80% 9.7%
25th Burkina Faso 18.02% -1.1%
26th Malaysia 18.47% 6.4%
27th Paraguay 18.47% -9.2%
28th Uzbekistan 19.05% 27.0%
29th Sri Lanka 19.07% 19.7%
30th Panama 19.27% 28.1%
31st Philippines 19.56% 32.1%
32nd Kenya 19.99% 6.4%
33rd Switzerland 20.04% 18.9%
34th Nepal 20.16% -7.1%
35th Papua New Guinea 20.90% 9.2%
36th Senegal 20.95% -1.4%
37th Dominican Republic 21.42% 22.4%
38th Rwanda 21.53% 11.3%
39th Mexico 21.70% 9.5%
40th Ghana 21.88% 25.0%
41st Thailand 22.83% 22.3%
42nd Mozambique 22.90% 14.3%
43rd Micronesia, Federated States of 23.43% -1.2%
44th Japan 23.61% 43.7%
45th Bhutan 24.08% 44.8%
46th Honduras 24.39% 11.0%
47th Albania 24.60% 7.5%
48th Ireland 25.13% 14.2%
49th Zambia 25.37% 15.6%
50th Singapore 25.75% 81.7%
51st Kyrgyz Republic 25.78% 11.0%
52nd Argentina 25.84% 17.3%
53rd Bahamas, The 25.84% 39.9%
54th Eswatini 26.07% 3.1%
55th Bahrain 26.11% 20.0%
56th Chile 26.24% 12.6%
57th Armenia 26.58% 22.2%
58th St. Kitts and Nevis 26.75% 16.7%
59th Peru 26.91% 30.2%
60th Morocco 27.21% 16.3%
61st Jamaica 27.47% 14.5%
62nd Korea 28.03% 8.0%
63rd Jordan 28.17% 7.3%
64th Canada 28.57% 57.8%
65th Georgia 29.01% 19.1%
66th West Bank and Gaza 29.23% 19.5%
67th Samoa 29.81% 7.2%
68th Belarus 29.93% 4.7%
69th Australia 30.14% 15.6%
70th Cabo Verde 30.88% 29.3%
71st Mauritius 31.25% 38.8%
72nd Tonga 31.49% 2.8%
73rd Costa Rica 31.89% 8.3%
74th Solomon Islands 31.91% 10.1%
75th Saudi Arabia 31.97% 19.7%
76th Germany 32.15% 15.3%
77th United States 32.27% 42.3%
78th Fiji 32.53% 16.5%
79th Moldova 32.72% 15.7%
80th Mongolia 33.18% 29.5%
81st Türkiye 33.45% -4.1%
82nd Botswana 33.86% 17.6%
83rd Azerbaijan 33.93% 39.7%
84th El Salvador 33.94% 37.1%
85th Vanuatu 34.04% 22.3%
86th Ecuador 34.04% 2.7%
87th Uruguay 34.69% 8.2%
88th Brazil 34.91% 12.1%
89th North Macedonia 34.92% 17.6%
90th Sweden 34.94% 11.2%
91st Russian Federation 35.30% 19.2%
92nd Maldives 35.35% 39.1%
93rd Latvia 36.22% 14.0%
94th New Zealand 36.35% 20.9%
95th Iceland 36.35% 18.4%
96th Bulgaria 36.50% 10.0%
97th Colombia 36.55% 16.8%
98th Ukraine 37.21% 12.6%
99th Czechia 37.64% 17.5%
100th South Africa 37.84% 9.2%
101st Romania 38.22% 13.0%
102nd Bosnia and Herzegovina 38.36% 12.7%
103rd Denmark 38.76% 9.8%
104th Lithuania 38.91% 20.1%
105th Malta 39.85% 21.9%
106th Namibia 40.32% 16.8%
107th Spain 40.37% 25.7%
108th Poland 40.52% 19.8%
109th Estonia 40.91% 14.7%
110th Finland 41.48% 11.2%
111th Israel 41.80% 18.6%
112th Slovak Republic 42.11% 10.5%
113th European Union 42.21% 16.0%
114th Serbia 42.54% 19.0%
115th Luxembourg 42.90% 8.7%
116th Netherlands 43.02% 14.7%
117th Macao SAR, China 43.21% 172.6%
118th Lesotho 43.29% 10.3%
119th Belgium 43.66% 10.8%
120th Cyprus 43.69% 13.5%
121st Hungary 44.10% 12.1%
122nd Portugal 44.53% 15.2%
123rd Croatia 44.90% 16.7%
124th Norway 45.39% 17.7%
125th San Marino 47.44% 7.4%
126th United Kingdom 47.53% 30.6%
127th Slovenia 49.11% 20.4%
128th Italy 50.34% 19.0%
129th Austria 51.16% 16.5%
130th France 51.96% 13.2%
131st Timor-Leste 52.19% 6.4%
132nd Greece 58.07% 23.7%
133rd Palau 58.35% 37.6%
134th Marshall Islands 59.44% -8.9%
135th Kiribati 75.97% 8.4%
136th Nauru 103.60% 15.7%
Source: World Bank (GC.XPN.TOTL.GD.ZS)

FAQ

What was Iceland's government spending in 2020?▾

Iceland's government spending in 2020 was 36.35%. This ranked 95th globally.

How did Iceland's government spending change in 2020?▾

Iceland's government spending increased by 18.4% in 2020 compared to 2019.

Which country had the highest government spending in 2020?▾

Nauru had the highest government spending in 2020 at 103.60%.

What is the government spending of Iceland in 2020?▾

The government spending of Iceland in 2020 was 36.35%. This ranked 95th globally.

How does 2020 compare to 2019 for Iceland's government spending?▾

Iceland's government spending went from 30.69% in 2019 to 36.35% in 2020, a 18.4% increase.

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