Greece vs Iceland: Military spending, annual growth rate

Greece
1.48 % change on previous year
in 2023
Iceland
1.4 % change on previous year
in 2023
Greece rank
141st
Iceland rank
143rd

Military spending, annual growth rate over time

  • Greece
  • Iceland
-1000100200182919262023

How they compare

Greece currently reports 1.48 % change on previous year against 1.4 % change on previous year in Iceland, a difference of 0.08 % change on previous year.

That makes Greece's figure about 1.1 times Iceland's.

The two have swapped places 37 times across 79 shared years of data; in 1945 it was Iceland ahead.

Greece ranks 141st and Iceland ranks 143rd of 172 countries.

Across the 9 decades both report, Greece averaged higher in 7 and Iceland in 2.

Head to head by decade

Decade Greece Iceland Difference Ahead
1940s 10.67 % change on previous year -0.1973 % change on previous year 10.87 % change on previous year Greece
1950s -1.61 % change on previous year 1.22 % change on previous year 2.83 % change on previous year Iceland
1960s 8.22 % change on previous year 2.69 % change on previous year 5.54 % change on previous year Greece
1970s 9.49 % change on previous year -3.35 % change on previous year 12.84 % change on previous year Greece
1980s -0.3728 % change on previous year -0.576 % change on previous year 0.2032 % change on previous year Greece
1990s 2.78 % change on previous year 1.01 % change on previous year 1.77 % change on previous year Greece
2000s 3.81 % change on previous year -1.69 % change on previous year 5.51 % change on previous year Greece
2010s -4.33 % change on previous year 2.32 % change on previous year 6.65 % change on previous year Iceland
2020s 8.07 % change on previous year 1.1 % change on previous year 6.96 % change on previous year Greece

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, annual growth rate, Greece or Iceland?
Greece, at 1.48 % change on previous year against 1.4 % change on previous year in Iceland as of 2023.
What is the difference in military spending, annual growth rate between Greece and Iceland?
0.08 % change on previous year, with Greece ahead.
How many years of comparable data are there for Greece and Iceland?
79 years are reported by both, from 1945 to 2023.
How do Greece and Iceland rank globally for military spending, annual growth rate?
Greece ranks 141st and Iceland ranks 143rd of 172 countries.
Where does this data come from?
Statizoid (derived), published as Military spending, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Greece vs Iceland: Military spending, annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/compare/military-spending-annual-growth-rate-2/greece/iceland/

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About this data

Indicator
Military spending, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
172 places, 15,188 data points, 1817–2023
Last refreshed

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.