Iceland — Government consumption
millions of ISK · Annual · 1950–2027 · 78 observations
About this series
Government final consumption expenditure is government spending on goods and services used to meet individual or collective needs, such as health, education, public order and defence. It is part of GDP and does not represent all government expenditure.
Iceland's government consumption reading was 1.29T ISK in 2025. The period change from 1.19T ISK in 2024 was +8.82%. The latest reading was above the selected 10-year average of 904.01B ISK. The corresponding ratio to GDP was 26.1% in 2025.
Get the full series
- Annual data, 1950–2027
- Quarterly data, 1960–2027
- All 8 sources, downloadable
Latest observations
2012–2027
| Period | Value |
|---|---|
| 2027 | 1.43T ISK |
| 2026 | 1.37T ISK |
| 2025 | 1.29T ISK |
| 2024 | 1.19T ISK |
| 2023 | 1.10T ISK |
11 earlier values, back to 2012
| 2022 | 1.01T ISK |
| 2021 | 914.40B ISK |
| 2020 | 838.20B ISK |
| 2019 | 759.99B ISK |
| 2018 | 701.33B ISK |
| 2017 | 642.01B ISK |
| 2016 | 595.41B ISK |
| 2015 | 557.15B ISK |
| 2014 | 518.12B ISK |
| 2013 | 493.59B ISK |
| 2012 | 471.66B ISK |