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

Iceland - Government Expenditure (% of GDP) 32.05

World Bank WDI · updated 2026-10-15 · 161 economies tracked

Latest value

32.05 (2023)

Global rank

##35 of 161 economies

Share of global total

1.3%

Growth since 1972

1.45×

Ranking Race — Government Expenditure (% of GDP)

1 = global #1 · higher value ranks higher

#1#22#43#64#85#106#1271972198219922002201220222024#14#352021 overtook Ukraine2023 overtook Czech Republic
IcelandBotswanaTanzania

Real annual global ranks, 1972 - 2024. Iceland climbed from #14 to #35 (overtook Ukraine). Gaps in a lane = missing data that year.

Key events for Iceland ↓

Key Events — Iceland

Auto-detected from rank data + curated milestones

2008
Climbed 28 places in global rank auto
2017
Fell 16 places in global rank auto
2021
Overtook Ukraine in global rank auto
2023
Overtook Czech Republic in global rank auto

Government Expenditure (% of GDP), 1972-2023

World Bank WDI · % of GDP · linear scale · ranking in the race above
1972198720022017202321.7431.2740.850.33

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