The ratio of government expenditure to GDP in Iceland was estimated at approximately 46.25 percent in 2024. Between 1980 and 2024, the ratio rose by around 12.35 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is expected to drop by about 3.52 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.
Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Advertisement
Advertisement
Ratio of government expenditure to GDP in Iceland from 1980 to 2030
Characteristic
Ratio of government expenditure to GDP
2030
42.73%
2029
42.83%
2028
42.98%
2027
43.19%
2026
43.51%
2025
44.54%
2024
46.25%
2023
45.32%
2022
46.68%
2021
49.58%
2020
51.1%
2019
43.58%
2018
43.85%
Created with Highcharts 7.2.2Ratio of government expenditure to GDP198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030
0%10%20%30%40%50%60%70%
Add this content to your personal favorites. These can be accessed from the favorites menu in the main navigation.
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
Learn more about how Statista can support your business.
IMF. (April 29, 2025). Ratio of government expenditure to GDP in Iceland from 1980 to 2030 [Graph]. In Statista. Retrieved July 14, 2025, from https://www.statista.com/statistics/407672/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-iceland/
IMF. "Ratio of government expenditure to GDP in Iceland from 1980 to 2030." Chart. April 29, 2025. Statista. Accessed July 14, 2025. https://www.statista.com/statistics/407672/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-iceland/
IMF. (2025). Ratio of government expenditure to GDP in Iceland from 1980 to 2030. Statista. Statista Inc.. Accessed: July 14, 2025. https://www.statista.com/statistics/407672/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-iceland/
IMF. "Ratio of Government Expenditure to Gdp in Iceland from 1980 to 2030." Statista, Statista Inc., 29 Apr 2025, https://www.statista.com/statistics/407672/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-iceland/
IMF, Ratio of government expenditure to GDP in Iceland from 1980 to 2030 Statista, https://www.statista.com/statistics/407672/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-iceland/ (last visited July 14, 2025)
Ratio of government expenditure to GDP in Iceland from 1980 to 2030 [Graph], IMF, April 29, 2025. [Online]. Available: https://www.statista.com/statistics/407672/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-iceland/
Advertisement
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.