Iceland - Government Spending 2021
34.67%
−1.69% from 2020
Iceland's government spending was 34.67% in 2021, decreased +1.69% from 36.35% in 2020. This was the 87th highest globally.
Global Ranking - 2021▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | United Arab Emirates | 4.26% | -17.2% |
| 2nd | Lebanon | 6.30% | -57.9% |
| 3rd | Bangladesh | 8.32% | 2.2% |
| 4th | Congo, Democratic Republic of | 8.65% | -8.7% |
| 5th | Equatorial Guinea | 10.36% | -15.5% |
| 6th | Madagascar | 10.69% | -9.4% |
| 7th | Lao PDR | 10.76% | -6.0% |
| 8th | Central African Republic | 11.66% | -16.5% |
| 9th | Burundi | 12.22% | -15.8% |
| 10th | Cameroon | 12.42% | 3.0% |
| 11th | Tajikistan | 12.46% | -9.4% |
| 12th | Cambodia | 12.58% | -2.8% |
| 13th | Togo | 13.18% | -7.5% |
| 14th | Guatemala | 13.28% | -11.5% |
| 15th | Gabon | 14.05% | -14.6% |
| 16th | Guinea-Bissau | 14.23% | -5.7% |
| 17th | Tanzania | 15.13% | 5.8% |
| 18th | Uganda | 15.59% | 14.0% |
| 19th | Congo, Republic of | 16.13% | -9.3% |
| 20th | Singapore | 16.28% | -36.8% |
| 21st | Côte d'Ivoire | 16.38% | 2.2% |
| 22nd | Paraguay | 16.74% | -9.4% |
| 23rd | Kazakhstan | 17.12% | 1.7% |
| 24th | Panama | 17.14% | -11.0% |
| 25th | Nicaragua | 17.18% | 4.6% |
| 26th | Malawi | 17.19% | 4.2% |
| 27th | Malaysia | 17.25% | -6.6% |
| 28th | Dominican Republic | 17.36% | -19.0% |
| 29th | Sri Lanka | 17.47% | -8.4% |
| 30th | Switzerland | 18.97% | -5.4% |
| 31st | Philippines | 19.14% | -2.2% |
| 32nd | Nepal | 19.44% | -3.6% |
| 33rd | Senegal | 19.59% | -6.5% |
| 34th | Papua New Guinea | 19.83% | -5.1% |
| 35th | Burkina Faso | 19.86% | 10.2% |
| 36th | Rwanda | 20.29% | -5.8% |
| 37th | Ghana | 20.75% | -5.2% |
| 38th | Mexico | 20.89% | -3.7% |
| 39th | Japan | 21.62% | -8.4% |
| 40th | Ireland | 22.26% | -11.4% |
| 41st | Canada | 22.50% | -21.3% |
| 42nd | Peru | 22.85% | -15.1% |
| 43rd | Argentina | 22.90% | -11.4% |
| 44th | Uzbekistan | 22.95% | 20.5% |
| 45th | Mozambique | 23.30% | 1.7% |
| 46th | Kyrgyz Republic | 23.41% | -9.2% |
| 47th | Kenya | 23.59% | 18.0% |
| 48th | Albania | 24.40% | -0.8% |
| 49th | Eswatini | 24.62% | -5.6% |
| 50th | Bahamas, The | 24.66% | -4.6% |
| 51st | Armenia | 24.97% | -6.1% |
| 52nd | Saudi Arabia | 25.01% | -21.8% |
| 53rd | Thailand | 25.13% | 10.1% |
| 54th | Zambia | 25.14% | -0.9% |
| 55th | Morocco | 25.63% | -5.8% |
| 56th | West Bank and Gaza | 26.17% | -10.5% |
| 57th | Azerbaijan | 27.14% | -20.0% |
| 58th | Georgia | 27.20% | -6.2% |
| 59th | Belarus | 27.87% | -6.9% |
| 60th | Botswana | 28.39% | -16.2% |
| 61st | Jordan | 28.51% | 1.2% |
| 62nd | Korea | 28.55% | 1.9% |
| 63rd | Maldives | 29.48% | -16.6% |
| 64th | Brazil | 29.50% | -15.5% |
| 65th | El Salvador | 29.51% | -13.1% |
| 66th | Moldova | 29.96% | -8.5% |
| 67th | Türkiye | 30.20% | -9.7% |
| 68th | Solomon Islands | 30.38% | -4.8% |
| 69th | Russian Federation | 30.78% | -12.8% |
| 70th | Chile | 30.82% | 17.4% |
| 71st | Costa Rica | 30.82% | -3.3% |
| 72nd | Mongolia | 31.70% | -4.5% |
| 73rd | Uruguay | 31.73% | -8.5% |
| 74th | Macao SAR, China | 31.76% | -26.5% |
| 75th | United States | 31.79% | -1.5% |
| 76th | Ecuador | 31.93% | -6.2% |
| 77th | Mauritius | 32.55% | 4.1% |
| 78th | Australia | 32.55% | 8.0% |
| 79th | Germany | 32.67% | 1.6% |
| 80th | Sweden | 33.20% | -5.0% |
| 81st | Ukraine | 33.26% | -10.6% |
| 82nd | North Macedonia | 33.33% | -4.6% |
| 83rd | New Zealand | 33.61% | -7.5% |
| 84th | Vanuatu | 34.26% | 0.6% |
| 85th | Samoa | 34.44% | 15.5% |
| 86th | South Africa | 34.61% | -8.5% |
| 87th | Iceland | 34.67% | -4.6% |
| 88th | Bosnia and Herzegovina | 34.86% | -9.1% |
| 89th | Lithuania | 35.19% | -9.6% |
| 90th | Colombia | 35.66% | -2.4% |
| 91st | Tonga | 36.00% | 14.3% |
| 92nd | Fiji | 36.29% | 11.6% |
| 93rd | Denmark | 36.42% | -6.0% |
| 94th | Norway | 36.52% | -19.5% |
| 95th | Czechia | 36.85% | -2.1% |
| 96th | Poland | 37.00% | -8.7% |
| 97th | Malta | 37.15% | -6.8% |
| 98th | Romania | 37.20% | -2.7% |
| 99th | Namibia | 37.60% | -6.7% |
| 100th | Serbia | 37.70% | -11.4% |
| 101st | Bulgaria | 37.70% | 3.3% |
| 102nd | Lesotho | 38.11% | -12.0% |
| 103rd | Israel | 38.19% | -8.6% |
| 104th | Estonia | 38.24% | -6.5% |
| 105th | Spain | 38.36% | -5.0% |
| 106th | Latvia | 38.53% | 6.4% |
| 107th | Luxembourg | 39.01% | -9.1% |
| 108th | Finland | 40.10% | -3.3% |
| 109th | Croatia | 40.66% | -9.4% |
| 110th | Cyprus | 40.68% | -6.9% |
| 111th | European Union | 41.05% | -2.7% |
| 112th | Timor-Leste | 41.20% | -21.1% |
| 113th | Belgium | 41.41% | -5.1% |
| 114th | Netherlands | 41.80% | -2.9% |
| 115th | Hungary | 42.27% | -4.1% |
| 116th | Slovak Republic | 42.40% | 0.7% |
| 117th | Portugal | 42.45% | -4.7% |
| 118th | United Kingdom | 42.95% | -9.6% |
| 119th | San Marino | 44.07% | -7.1% |
| 120th | Slovenia | 46.61% | -5.1% |
| 121st | Italy | 49.65% | -1.4% |
| 122nd | France | 49.99% | -3.8% |
| 123rd | Austria | 50.02% | -2.2% |
| 124th | Greece | 54.83% | -5.6% |
| 125th | Kiribati | 84.12% | 10.7% |
FAQ
What was Iceland's government spending in 2021?▾
Iceland's government spending in 2021 was 34.67%. This ranked 87th globally.
How did Iceland's government spending change in 2021?▾
Iceland's government spending decreased by 4.6% in 2021 compared to 2020.
Which country had the highest government spending in 2021?▾
Kiribati had the highest government spending in 2021 at 84.12%.
What is the government spending of Iceland in 2021?▾
The government spending of Iceland in 2021 was 34.67%. This ranked 87th globally.
How does 2021 compare to 2020 for Iceland's government spending?▾
Iceland's government spending went from 36.35% in 2020 to 34.67% in 2021, a 4.6% decrease.
Related
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Full ranking 2021
Tax Revenue
Military Spending
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Peak: 2008
Lowest: 1977
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