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Iceland - Government Spending 2023

Name: Iceland Government Spending 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure as % of GDP · World Bank

32.07% −0.49% from 2022 Global rank: 52nd

Iceland's government spending was 32.07% in 2023, decreased +0.49% from 32.57% in 2022. This was the 52nd highest globally.

Global Ranking - 2023▾

Government Spending by Country - 2023
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.00%	9.5%
2nd	United Arab Emirates	3.77%	-1.1%
3rd	Tajikistan	11.02%	3.1%
4th	Madagascar	11.15%	12.2%
5th	Cambodia	12.95%	10.0%
6th	Guatemala	13.50%	-3.5%
7th	Guinea-Bissau	15.17%	5.4%
8th	Togo	15.88%	4.0%
9th	Nicaragua	16.28%	-2.4%
10th	Uganda	16.58%	-2.1%
11th	Switzerland	16.73%	1.6%
12th	Philippines	16.88%	-9.3%
13th	Malaysia	17.01%	-5.0%
14th	Tanzania	17.03%	1.1%
15th	Singapore	17.30%	16.7%
16th	Kazakhstan	17.45%	7.9%
17th	Côte d'Ivoire	17.88%	-2.9%
18th	Dominican Republic	18.07%	0.1%
19th	Sri Lanka	18.11%	15.1%
20th	Rwanda	18.57%	-5.1%
21st	Paraguay	18.96%	14.6%
22nd	Canada	19.26%	5.5%
23rd	Burkina Faso	19.57%	-14.1%
24th	Macao SAR, China	19.59%	-60.2%
25th	Papua New Guinea	20.32%	4.5%
26th	Bahamas, The	20.35%	-8.9%
27th	Thailand	20.77%	-6.6%
28th	Armenia	20.95%	-1.0%
29th	Argentina	21.01%	-3.9%
30th	Mexico	22.41%	0.5%
31st	Uzbekistan	23.41%	1.4%
32nd	Senegal	23.56%	1.9%
33rd	Kyrgyz Republic	23.71%	-0.5%
34th	Botswana	23.90%	-4.8%
35th	Saudi Arabia	24.22%	10.2%
36th	Chile	24.58%	1.9%
37th	United States	24.90%	-0.6%
38th	Georgia	25.24%	1.2%
39th	Albania	25.44%	-5.8%
40th	Morocco	26.61%	-5.4%
41st	Samoa	26.68%	-16.2%
42nd	El Salvador	27.68%	1.0%
43rd	Fiji	27.76%	-7.3%
44th	Kenya	27.84%	11.1%
45th	Korea	28.32%	-9.5%
46th	Vanuatu	28.34%	-7.9%
47th	Jordan	28.44%	-1.2%
48th	Belarus	28.47%	0.7%
49th	Costa Rica	28.91%	0.5%
50th	Mauritius	29.14%	3.4%
51st	Russian Federation	29.60%	-5.7%
52nd	Iceland	32.07%	-1.5%
53rd	Brazil	32.43%	2.5%
54th	Türkiye	33.03%	13.6%
55th	Colombia	33.34%	2.9%
56th	Denmark	33.34%	3.6%
57th	North Macedonia	33.38%	3.7%
58th	Malta	33.69%	-7.7%
59th	Spain	34.04%	-3.7%
60th	Lithuania	34.10%	0.2%
61st	Latvia	34.20%	-5.9%
62nd	Moldova	34.47%	6.9%
63rd	Tonga	34.65%	-13.3%
64th	Bosnia and Herzegovina	35.30%	5.6%
65th	Bulgaria	35.76%	-9.1%
66th	Norway	35.89%	22.5%
67th	Namibia	36.50%	2.2%
68th	Uruguay	37.02%	2.0%
69th	Portugal	37.16%	-5.5%
70th	Israel	37.44%	6.2%
71st	Estonia	37.69%	6.4%
72nd	Croatia	38.13%	0.8%
73rd	Cyprus	38.46%	6.2%
74th	Poland	39.10%	8.4%
75th	Netherlands	39.97%	1.5%
76th	San Marino	40.49%	-9.3%
77th	United Kingdom	41.23%	1.4%
78th	Luxembourg	42.23%	3.3%
79th	Slovenia	42.87%	-1.6%
80th	Finland	44.93%	18.4%
81st	Austria	46.03%	-2.8%
82nd	France	47.26%	-3.3%
83rd	Italy	47.28%	-2.3%
84th	Greece	47.30%	-6.9%
85th	Ukraine	65.56%	13.2%
86th	Kiribati	84.56%	3.3%

FAQ

What was Iceland's government spending in 2023?▾

Iceland's government spending in 2023 was 32.07%. This ranked 52nd globally.

How did Iceland's government spending change in 2023?▾

Iceland's government spending decreased by 1.5% in 2023 compared to 2022.

Which country had the highest government spending in 2023?▾

Kiribati had the highest government spending in 2023 at 84.56%.

What is the government spending of Iceland in 2023?▾

The government spending of Iceland in 2023 was 32.07%. This ranked 52nd globally.

How does 2023 compare to 2022 for Iceland's government spending?▾

Iceland's government spending went from 32.57% in 2022 to 32.07% in 2023, a 1.5% decrease.

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