General government expenditure by function (COFOG) in Iceland
Iceland: General government expenditure by function (COFOG) was 2,860 in 2024. ▲ Rising
Latest (2024)
2,860
Change on year
up 7.5%
World rank
32nd
of 38 countries
All-time high
2,860
in 2024
All-time low
574.3
in 1998
Years of data
27
1998–2024
General government expenditure by function in Iceland, 1998–2024
Source: Eurostat.
Analysis
In 2024, general government expenditure by function in Iceland stood at 2,860. That is the highest value across all 27 years on record.
That represents a change of up 7.5% on the previous year and up 125.2% over ten years.
Over the whole period, general government expenditure by function in Iceland peaked at 2,860 in 2024 and was at its lowest, 574.3, in 1998.
Iceland ranks 32nd of 38 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 27 years of available data.
General government expenditure by function (COFOG) in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 574.3 | — |
| 1999 | 673.5 | +17.3% |
| 2000 | 833.4 | +23.7% |
| 2001 | 773.2 | -7.2% |
| 2002 | 902.1 | +16.7% |
| 2003 | 926.3 | +2.7% |
| 2004 | 1,004 | +8.4% |
| 2005 | 1,260 | +25.5% |
| 2006 | 1,298 | +3.0% |
| 2007 | 1,491 | +14.8% |
| 2008 | 1,080 | -27.5% |
| 2009 | 922.4 | -14.6% |
| 2010 | 1,022 | +10.8% |
| 2011 | 1,091 | +6.7% |
| 2012 | 1,148 | +5.2% |
| 2013 | 1,176 | +2.5% |
| 2014 | 1,270 | +8.0% |
| 2015 | 1,410 | +11.0% |
| 2016 | 1,613 | +14.4% |
| 2017 | 1,884 | +16.8% |
| 2018 | 1,951 | +3.6% |
| 2019 | 1,911 | -2.1% |
| 2020 | 1,822 | -4.6% |
| 2021 | 2,095 | +15.0% |
| 2022 | 2,490 | +18.8% |
| 2023 | 2,660 | +6.8% |
| 2024 | 2,860 | +7.5% |
Iceland compared with similar countries
- Iceland's 2,860 is below the median for Europe & Central Asia, which is 20,187, 14% of the median. (29 countries reporting)
- Iceland's 2,860 is below the median for high income countries, which is 19,434, 15% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 623.9 | 574.3 | 673.5 | 2 |
| 2000s | 1,049 | 773.2 | 1,491 | 10 |
| 2010s | 1,448 | 1,022 | 1,951 | 10 |
| 2020s | 2,385 | 1,822 | 2,860 | 5 |
Countries ranked near Iceland
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is general government expenditure by function in Iceland?
- General government expenditure by function in Iceland was 2,860 in 2024, according to Eurostat.
- What is the highest general government expenditure by function recorded in Iceland?
- The highest recorded value was 2,860 in 2024.
- What is the lowest general government expenditure by function recorded in Iceland?
- The lowest recorded value was 574.3 in 1998.
- How does Iceland rank for general government expenditure by function?
- Iceland ranks 32nd out of 38 countries with data for 2024.
- Is general government expenditure by function rising or falling in Iceland?
- Over the last ten years it is up 125.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of General government expenditure by function (COFOG). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (Eurostat).