* indicates monthly or quarterly data series
Iceland: Government spending as percent of GDP: For that indicator, The World Bank provides data for Iceland from 1960 to 2017. The average value for Iceland during that period was 19.15 percent with a minumum of 10.77 percent in 1960 and a maximum of 24.76 percent in 2003. See the global rankings for that indicator or use the country comparator to compare trends over time.
The government size of Iceland and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.