General government total expenditure (current LCU), per unit of GDP in Iceland
Iceland: General government total expenditure (current LCU), per unit of GDP was 56.9 current LCU per US$ of GDP in 2025. ◆ Volatile
General government total expenditure (current LCU), per unit of GDP in Iceland, 1980–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for general government total expenditure (current lcu), per unit of gdp in Iceland is 56.9 current LCU per US$ of GDP, measured in 2025.
The figure is down 11.6% on the previous year and up 0.3% over ten years.
Over the whole period, general government total expenditure (current lcu), per unit of gdp in Iceland peaked at 67.93 current LCU per US$ of GDP in 2020 and was at its lowest, 1.6 current LCU per US$ of GDP, in 1980.
That places Iceland 48th out of 195 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government total expenditure (current LCU), per unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1980 | 1.6 current LCU per US$ of GDP | — |
| 1981 | 2.5 current LCU per US$ of GDP | +56.6% |
| 1982 | 4.35 current LCU per US$ of GDP | +74.3% |
| 1983 | 9.16 current LCU per US$ of GDP | +110.3% |
| 1984 | 10.72 current LCU per US$ of GDP | +17.1% |
| 1985 | 14.96 current LCU per US$ of GDP | +39.6% |
| 1986 | 15.77 current LCU per US$ of GDP | +5.4% |
| 1987 | 13.74 current LCU per US$ of GDP | -12.9% |
| 1988 | 17.32 current LCU per US$ of GDP | +26.1% |
| 1989 | 23.78 current LCU per US$ of GDP | +37.3% |
| 1990 | 24.11 current LCU per US$ of GDP | +1.4% |
| 1991 | 24.56 current LCU per US$ of GDP | +1.9% |
| 1992 | 24.93 current LCU per US$ of GDP | +1.5% |
| 1993 | 29.49 current LCU per US$ of GDP | +18.3% |
| 1994 | 30.41 current LCU per US$ of GDP | +3.1% |
| 1995 | 27.73 current LCU per US$ of GDP | -8.8% |
| 1996 | 28.23 current LCU per US$ of GDP | +1.8% |
| 1997 | 29.3 current LCU per US$ of GDP | +3.8% |
| 1998 | 28.55 current LCU per US$ of GDP | -2.5% |
| 1999 | 32.38 current LCU per US$ of GDP | +13.4% |
| 2000 | 34.8 current LCU per US$ of GDP | +7.5% |
| 2001 | 45.71 current LCU per US$ of GDP | +31.3% |
| 2002 | 41.23 current LCU per US$ of GDP | -9.8% |
| 2003 | 36.23 current LCU per US$ of GDP | -12.1% |
| 2004 | 32.44 current LCU per US$ of GDP | -10.5% |
| 2005 | 27.86 current LCU per US$ of GDP | -14.1% |
| 2006 | 31.1 current LCU per US$ of GDP | +11.6% |
| 2007 | 28.26 current LCU per US$ of GDP | -9.1% |
| 2008 | 55.22 current LCU per US$ of GDP | +95.4% |
| 2009 | 65.95 current LCU per US$ of GDP | +19.4% |
| 2010 | 58.91 current LCU per US$ of GDP | -10.7% |
| 2011 | 57.94 current LCU per US$ of GDP | -1.6% |
| 2012 | 58.94 current LCU per US$ of GDP | +1.7% |
| 2013 | 55.75 current LCU per US$ of GDP | -5.4% |
| 2014 | 52.96 current LCU per US$ of GDP | -5.0% |
| 2015 | 56.76 current LCU per US$ of GDP | +7.2% |
| 2016 | 55.33 current LCU per US$ of GDP | -2.5% |
| 2017 | 46.82 current LCU per US$ of GDP | -15.4% |
| 2018 | 46.75 current LCU per US$ of GDP | -0.2% |
| 2019 | 52.78 current LCU per US$ of GDP | +12.9% |
| 2020 | 67.93 current LCU per US$ of GDP | +28.7% |
| 2021 | 61.85 current LCU per US$ of GDP | -8.9% |
| 2022 | 62.11 current LCU per US$ of GDP | +0.4% |
| 2023 | 62.02 current LCU per US$ of GDP | -0.1% |
| 2024 | 64.34 current LCU per US$ of GDP | +3.7% |
| 2025 | 56.9 current LCU per US$ of GDP | -11.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.39 current LCU per US$ of GDP | 1.6 current LCU per US$ of GDP | 23.78 current LCU per US$ of GDP | 10 |
| 1990s | 27.97 current LCU per US$ of GDP | 24.11 current LCU per US$ of GDP | 32.38 current LCU per US$ of GDP | 10 |
| 2000s | 39.88 current LCU per US$ of GDP | 27.86 current LCU per US$ of GDP | 65.95 current LCU per US$ of GDP | 10 |
| 2010s | 54.29 current LCU per US$ of GDP | 46.75 current LCU per US$ of GDP | 58.94 current LCU per US$ of GDP | 10 |
| 2020s | 62.53 current LCU per US$ of GDP | 56.9 current LCU per US$ of GDP | 67.93 current LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 45 Yemen 76.44 current LCU per US$ of GDP compare
- 46 Comoros 75.73 current LCU per US$ of GDP compare
- 47 Pakistan 59.33 current LCU per US$ of GDP compare
- 49 Japan 55.07 current LCU per US$ of GDP compare
- 50 Jamaica 48.98 current LCU per US$ of GDP compare
- 51 Guyana 48.05 current LCU per US$ of GDP compare
More population data for Iceland
- Population regions with projections, annual growth rate -0.4984 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -5.08 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.4984 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.2688 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 408.78 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.4806 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.6617 % change on previous year (2100)
- World population growth -0.5% (2100)
- Population density 3.6 people per km² (2100)
- Number of children under 5, by world region 13,661 people (2100)
Frequently asked questions
- What is general government total expenditure (current lcu), per unit of gdp in Iceland?
- General government total expenditure (current lcu), per unit of gdp in Iceland was 56.9 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest general government total expenditure (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 67.93 current LCU per US$ of GDP in 2020.
- What is the lowest general government total expenditure (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 1.6 current LCU per US$ of GDP in 1980.
- How does Iceland rank for general government total expenditure (current lcu), per unit of gdp?
- Iceland ranks 48th out of 195 countries with data for 2025.
- Is general government total expenditure (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of General government total expenditure (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
General government total expenditure (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
General government total expenditure (current LCU) ÷ GDP (current US$)
Computed from
- General government total expenditure UNESCO Institute for Statistics
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
General government total expenditure (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.