Iceland Military Spending
Military expenditure as % of GDP MS.MIL.XPND.GD.ZS
Overview
Data & projection
| Year | Military Spending | YoY change | Rank |
|---|
Detected Pattern
Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +43.3%
GDP growth 6.2%
C/A balance 9.1%
Occurred 768 times, 546 successful
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw military spending improve within 24 months. View full analysis →
Frequently Asked Questions
What is the World Bank indicator code for military spending?▾
The World Bank indicator code is MS.MIL.XPND.GD.ZS. Data sourced from World Bank.
Cite this page
APA
Iceland Military Spending. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/iceland/military-spending
BibTeX
@misc{historysaid_iceland_military-spending,
title = {Iceland Military Spending},
url = {https://historysaid.com/iceland/military-spending},
publisher = {HistorySaid},
year = {2026}
}