Iceland: Government expenditure
* indicates monthly or quarterly data series
The most recent value is 308.11 billion Icelandic Krona as of Q4 2024, an increase compared to the previous value of 291.7 billion Icelandic Krona. Historically, the average for Iceland from Q1 1995 to Q4 2024 is 114.42 billion Icelandic Krona. The minimum of 23.36 billion Icelandic Krona was recorded in Q1 1995, while the maximum of 308.11 billion Icelandic Krona was reached in Q4 2024.
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* indicates monthly or quarterly data series
- Measure: billion Icelandic Krona
- Source: Statistics Iceland
| Recent values | Iceland: Government expenditure, billion currency units |
|---|---|
| 2024 Q4 | 308.11 |
| 2024 Q3 | 291.7 |
| 2024 Q2 | 291.95 |
| 2024 Q1 | 284.55 |
| 2023 Q4 | 286.08 |
| 2023 Q3 | 269.74 |
| 2023 Q2 | 270.58 |
| 2023 Q1 | 258.46 |
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Definition: Total spending by all levels of government but excluding public enterprises.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 25.67 | 2023 | percent |
| Government spending, in dollars | 7.96 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.00 | 2023 | percent |
| Government debt | 35.90 | 2018 | percent |
| Government expenditure | 308.11 | Q4/2024 | billion |
| Long-term interest rate | 5.87 | 8/2022 | percent |
| Tax revenue | 22.52 | 2022 | percent |
| Commercial tax rate | 31.90 | 2019 | percent |
| Tax preparation time | 140 | 2019 | hours |
| Number of taxes | 21 | 2019 | taxes |
| Taxes on goods and services | 35.38 | 2022 | percent |
| Taxes on international trade | 0.49 | 2022 | percent |
| Income and profits taxes | 32.91 | 2022 | percent |