24Peaks / Europe / Iceland / Subsidies (% of GDP)

Iceland - Subsidies (% of GDP) 1.38

IMF GFS (accrual) · updated 2026-10-03 · 103 economies tracked

Latest value

1.38 (2023)

Global rank

##46 of 103 economies

Share of global total

0.9%

Growth since 2017

1.18×

Ranking Race — Subsidies (% of GDP)

1 = global #1 · higher value ranks higher

#1#14#27#40#53#66#79201720222025#35#462021 overtook Estonia2022 overtook Finland
IcelandTürkiyeCanadaNew ZealandMauritius

Real annual global ranks, 2017 - 2025. Iceland climbed from #35 to #46 (overtook Estonia). Gaps in a lane = missing data that year.

Key events for Iceland ↓

Key Events — Iceland

Auto-detected from rank data + curated milestones

2021
Overtook Estonia in global rank auto
2022
Overtook Finland in global rank auto

Subsidies (% of GDP), 2017-2023

IMF GFS (accrual) · % of GDP · linear scale · ranking in the race above
2017202220231.161.391.611.84
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