Iceland — Government consumption (USD)
millions of USD · 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. This series reports the amount in millions of US dollars.
Iceland's government consumption reading was 10.06B USD in 2025. The period change from 8.61B USD in 2024 was +16.9%. The latest reading was above the selected 10-year average of 7.11B USD. The corresponding ratio to GDP was 26.1% in 2025.
Get the full series
- Annual data, 1950–2027
- Quarterly data, 1960–2027
- The underlying source, downloadable
Latest observations
2012–2027
| Period | Value |
|---|---|
| 2027 | 11.64B USD |
| 2026 | 11.18B USD |
| 2025 | 10.06B USD |
| 2024 | 8.61B USD |
| 2023 | 7.98B USD |
11 earlier values, back to 2012
| 2022 | 7.44B USD |
| 2021 | 7.20B USD |
| 2020 | 6.20B USD |
| 2019 | 6.20B USD |
| 2018 | 6.47B USD |
| 2017 | 6.01B USD |
| 2016 | 4.93B USD |
| 2015 | 4.23B USD |
| 2014 | 4.44B USD |
| 2013 | 4.04B USD |
| 2012 | 3.77B USD |