Iceland vs Luxembourg: General government expenditure by function
Iceland
2,860 Million euro
in 2024
Luxembourg
4,182 Million euro
in 2025
Iceland rank
26th
Luxembourg rank
24th
General government expenditure by function over time
- Iceland
- Luxembourg
How they compare
Luxembourg currently reports 4,182 Million euro against 2,860 Million euro in Iceland, a difference of 1,322 Million euro.
That makes Luxembourg's figure about 1.5 times Iceland's.
The two have swapped places 2 times across 27 shared years of data; in 1998 it was Luxembourg ahead.
Iceland ranks 26th and Luxembourg ranks 24th of 30 countries.
Luxembourg has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 623.9 Million euro | 715.95 Million euro | 92.05 Million euro | Luxembourg |
| 2000s | 1,049 Million euro | 1,223 Million euro | 173.74 Million euro | Luxembourg |
| 2010s | 1,448 Million euro | 2,129 Million euro | 681.08 Million euro | Luxembourg |
| 2020s | 2,385 Million euro | 3,373 Million euro | 987.4 Million euro | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government expenditure by function, Iceland or Luxembourg?
- Luxembourg, at 4,182 Million euro against 2,860 Million euro in Iceland as of 2025.
- What is the difference in general government expenditure by function between Iceland and Luxembourg?
- 1,322 Million euro, with Luxembourg ahead.
- How many years of comparable data are there for Iceland and Luxembourg?
- 27 years are reported by both, from 1998 to 2024.
- How do Iceland and Luxembourg rank globally for general government expenditure by function?
- Iceland ranks 26th and Luxembourg ranks 24th of 30 countries.
- Where does this data come from?
- Eurostat, published as General government expenditure by function (COFOG). Statizoid refreshes it automatically from the source and publishes the full history for both places.