24Peaks / Europe / Iceland / Government Economic Affairs Expenditure (% of GDP)

Iceland - Government Economic Affairs Expenditure (% of GDP) 4.92

IMF Government Finance Statistics · updated 2026-10-03 · 77 economies tracked

Latest value

4.92 (2023)

Global rank

##34 of 77 economies

Share of global total

1.4%

Growth since 2017

1.04×

Ranking Race — Government Economic Affairs Expenditure (% of GDP)

1 = global #1 · higher value ranks higher

#1#10#19#28#37#46#55201720222025#26#342018 overtook Belarus2021 overtook Netherlands
IcelandTürkiyeNew ZealandMauritius

Real annual global ranks, 2017 - 2025. Iceland climbed from #26 to #34 (overtook Belarus). Gaps in a lane = missing data that year.

Key events for Iceland ↓

Key Events — Iceland

Auto-detected from rank data + curated milestones

2018
Overtook Belarus in global rank auto
2021
Overtook Netherlands in global rank auto

Government Economic Affairs Expenditure (% of GDP), 2017-2023

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
2017202220234.725.245.756.27
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