Government spending in Iceland
Government spending in Iceland was equal to 45.7% of GDP in 2025.
Iceland, 2025
45.7%
Change from 2024
−1.4percentage points
European Union, 2025
49.4%
Median of OECD (38 countries), 2025
47.6%
Position in 2025
17th of 30
Government spending in Iceland over time
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Iceland
European Union
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The chart loads when you scroll to it. The table below shows the same data.
The chart shows a calculation from the published values. The table below keeps the published values.
% of GDP. Source: Eurostat. Gaps mean no published value; points are not joined across missing years.
| Period | Iceland | European Union |
|---|---|---|
| 2025 | 45.7% | 49.4% |
| 2024 | 47.1% | 48.9% |
| 2023 | 45.3% | 48.8% |
| 2022 | 46.2% | 49.1% |
| 2021 | 48.7% | 51.1% |
| 2020 | 50.4% | 52.8% |
| 2019 | 43.0% | 46.6% |
| 2018 | 43.4% | 46.6% |
| 2017 | 43.8% | 46.9% |
| 2016 | 45.8% | 47.5% |
| 2015 | 43.0% | 48.3% |
| 2014 | 45.3% | 49.3% |
| 2013 | 45.6% | 50.0% |
| 2012 | 47.2% | 50.0% |
| 2011 | 50.0% | 49.3% |
| 2010 | 48.2% | 50.7% |
| 2009 | 53.4% | 50.9% |
| 2008 | 62.8% | 47.0% |
| 2007 | 44.2% | 45.8% |
| 2006 | 44.3% | 46.6% |
| 2005 | 44.2% | 47.2% |
| 2004 | 46.2% | 47.4% |
| 2003 | 47.3% | 48.1% |
| 2002 | 45.0% | 47.8% |
| 2001 | 47.0% | 47.4% |
A dash means no value was published for that period.
In short
- That is a change of −1.4 percentage points from 47.1% in 2024.
- Since 2015, when it was 43.0%, the figure has changed by +2.7 percentage points.
- Among the 30 countries with data for 2025, Iceland has the 17th highest value.
- The figure for the European Union in 2025 was 49.4%.