Iceland vs Moldova: Military spending
Iceland
64.74 million constant 2022 US$
in 2023
Moldova
82.38 million constant 2022 US$
in 2023
Iceland rank
154th
Moldova rank
152nd
Military spending over time
- Iceland
- Moldova
How they compare
Moldova currently reports 82.38 million constant 2022 US$ against 64.74 million constant 2022 US$ in Iceland, a difference of 17.64 million constant 2022 US$.
That makes Moldova's figure about 1.3 times Iceland's.
The two have swapped places 4 times across 33 shared years of data; in 1991 it was Moldova ahead.
Iceland ranks 154th and Moldova ranks 152nd of 172 countries.
Across the 4 decades both report, Iceland averaged higher in 2 and Moldova in 2.
Head to head by decade
| Decade | Iceland | Moldova | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 58.24 million constant 2022 US$ | 227.17 million constant 2022 US$ | 168.93 million constant 2022 US$ | Moldova |
| 2000s | 60.89 million constant 2022 US$ | 57.30 million constant 2022 US$ | 3.59 million constant 2022 US$ | Iceland |
| 2010s | 47.32 million constant 2022 US$ | 33.64 million constant 2022 US$ | 13.68 million constant 2022 US$ | Iceland |
| 2020s | 63.84 million constant 2022 US$ | 67.78 million constant 2022 US$ | 3.94 million constant 2022 US$ | Moldova |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, Iceland or Moldova?
- Moldova, at 82.38 million constant 2022 US$ against 64.74 million constant 2022 US$ in Iceland as of 2023.
- What is the difference in military spending between Iceland and Moldova?
- 17.64 million constant 2022 US$, with Moldova ahead.
- How many years of comparable data are there for Iceland and Moldova?
- 33 years are reported by both, from 1991 to 2023.
- How do Iceland and Moldova rank globally for military spending?
- Iceland ranks 154th and Moldova ranks 152nd of 172 countries.
- Where does this data come from?
- Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.