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Iceland - Government Spending 2025

Name: Iceland Government Spending 2025
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Government expenditure as % of GDP · World Bank

32.86% +0.79% from 2024 Global rank: 46th

Iceland's government spending was 32.86% in 2025. This was the 46th highest globally.

Global Ranking - 2025▾

Government Spending by Country - 2025
Rank	Country	Value	YoY
1st	Kiribati	93.28%	10.3%
2nd	Ukraine	79.67%	21.5%
3rd	Italy	50.79%	7.4%
4th	Greece	48.98%	3.5%
5th	France	48.65%	2.9%
6th	Austria	47.88%	4.0%
7th	Hungary	45.75%	7.9%
8th	Finland	45.03%	0.2%
9th	Slovak Republic	44.70%	12.4%
10th	European Union	44.19%	12.4%
11th	Slovenia	44.03%	2.7%
12th	United Kingdom	42.86%	4.0%
13th	Luxembourg	42.31%	0.2%
14th	Romania	42.10%	12.9%
15th	Timor-Leste	42.00%	-20.0%
16th	Belgium	41.63%	4.8%
17th	Tonga	41.15%	18.7%
18th	Netherlands	40.84%	2.2%
19th	New Zealand	40.66%	14.4%
20th	Lesotho	40.44%	0.5%
21st	San Marino	40.11%	-0.9%
22nd	Poland	39.74%	1.6%
23rd	Bulgaria	39.67%	11.0%
24th	Czechia	39.58%	14.9%
25th	Uruguay	38.96%	5.2%
26th	Serbia	38.58%	8.8%
27th	Latvia	37.41%	9.4%
28th	Macao SAR, China	37.29%	90.4%
29th	Portugal	37.13%	-0.1%
30th	Estonia	37.01%	-1.8%
31st	Croatia	36.90%	-3.2%
32nd	Israel	36.71%	-1.9%
33rd	Namibia	36.67%	0.5%
34th	Cyprus	36.47%	-5.2%
35th	Germany	36.45%	16.9%
36th	Moldova	36.30%	5.3%
37th	Spain	35.58%	4.5%
38th	Malta	35.43%	5.1%
39th	North Macedonia	34.57%	3.6%
40th	Lithuania	34.35%	0.7%
41st	South Africa	34.31%	2.6%
42nd	Bosnia and Herzegovina	34.22%	-3.1%
43rd	Sweden	34.18%	5.1%
44th	Colombia	33.81%	1.4%
45th	Australia	33.19%	20.3%
46th	Iceland	32.86%	2.5%
47th	Mauritius	32.81%	12.6%
48th	Kenya	32.32%	16.1%
49th	Brazil	31.65%	-2.4%
50th	Korea	31.64%	11.7%
51st	Solomon Islands	31.56%	9.2%
52nd	Denmark	30.99%	-7.0%
53rd	Mozambique	30.37%	16.8%
54th	Vanuatu	30.13%	6.3%
55th	Jordan	30.03%	5.6%
56th	Samoa	30.03%	12.5%
57th	Russian Federation	29.77%	0.6%
58th	Fiji	29.72%	7.1%
59th	Morocco	29.15%	9.5%
60th	Uzbekistan	29.04%	24.0%
61st	Azerbaijan	28.99%	26.0%
62nd	Türkiye	28.88%	-12.6%
63rd	Ecuador	28.76%	-5.5%
64th	Norway	28.56%	-20.4%
65th	El Salvador	28.37%	2.5%
66th	Costa Rica	28.28%	-2.2%
67th	Albania	27.87%	9.6%
68th	Belarus	27.87%	-2.1%
69th	Japan	27.19%	29.9%
70th	Ghana	26.78%	18.1%
71st	United States	26.22%	5.3%
72nd	Chile	25.98%	5.7%
73rd	Georgia	25.22%	-0.1%
74th	Senegal	24.43%	3.7%
75th	Mexico	23.75%	6.0%
76th	Kyrgyz Republic	23.60%	-0.4%
77th	Thailand	23.37%	12.5%
78th	Malawi	23.18%	14.9%
79th	Burkina Faso	22.67%	15.8%
80th	Bahamas, The	22.42%	10.2%
81st	Botswana	21.68%	-17.8%
82nd	Côte d'Ivoire	20.82%	16.4%
83rd	Argentina	20.32%	-3.3%
84th	Papua New Guinea	20.29%	-0.1%
85th	Armenia	20.27%	-3.2%
86th	Saudi Arabia	19.98%	-17.5%
87th	Philippines	19.08%	13.0%
88th	Uganda	19.02%	14.7%
89th	Ireland	18.65%	-3.1%
90th	Rwanda	18.45%	-0.6%
91st	Canada	18.13%	-5.8%
92nd	Tanzania	17.79%	8.3%
93rd	Sri Lanka	17.68%	-2.4%
94th	Dominican Republic	17.59%	-2.7%
95th	Kazakhstan	17.56%	0.7%
96th	Malaysia	17.09%	0.5%
97th	Togo	16.79%	5.7%
98th	Nicaragua	16.58%	1.8%
99th	Paraguay	16.32%	-13.9%
100th	Switzerland	16.28%	-2.7%
101st	Singapore	15.80%	-8.7%
102nd	Guinea-Bissau	15.70%	3.5%
103rd	Guatemala	13.68%	1.3%
104th	Cambodia	12.95%	0.0%
105th	India	12.92%	-3.1%
106th	Congo, Democratic Republic of	12.18%	-2.2%
107th	Equatorial Guinea	11.28%	2.1%
108th	Tajikistan	11.22%	1.8%
109th	Madagascar	10.81%	-3.0%
110th	Lao PDR	8.62%	-16.4%
111th	United Arab Emirates	3.42%	-9.4%
112th	Somalia, Fed. Rep.	0.00%	28.8%

FAQ

What was Iceland's government spending in 2025?▾

Iceland's government spending in 2025 was 32.86%. This ranked 46th globally.

How did Iceland's government spending change in 2025?▾

Iceland's government spending increased by 2.5% in 2025 compared to 2024.

Which country had the highest government spending in 2025?▾

Kiribati had the highest government spending in 2025 at 93.28%.

What is the government spending of Iceland in 2025?▾

The government spending of Iceland in 2025 was 32.86%. This ranked 46th globally.

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