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Government procurement spending as share of total government spending in Iceland

Iceland: Government procurement spending as share of total government spending was 32.9% in 2024. ▲ Rising

Latest (2024)
32.9%
Change on year
down 1.4%
World rank
12th
of 42 countries
All-time high
35.2%
in 2007
All-time low
25.8%
in 2008
Years of data
18
2007–2024

Government procurement spending as share of total government spending in Iceland, 2007–2024

0102030402007201520242007: 35.2 % of government expenditure2008: 25.8 % of government expenditure2009: 29.4 % of government expenditure2010: 30.9 % of government expenditure2011: 31.8 % of government expenditure2012: 30.1 % of government expenditure2013: 31.7 % of government expenditure2014: 31 % of government expenditure2015: 30.9 % of government expenditure2016: 28 % of government expenditure2017: 30.5 % of government expenditure2018: 33.8 % of government expenditure2019: 32.8 % of government expenditure2020: 30.7 % of government expenditure2021: 32.7 % of government expenditure2022: 32.4 % of government expenditure2023: 33.4 % of government expenditure2024: 32.9 % of government expenditure

Source: OECD (2026) – with minor processing by Our World in Data. Measured in % of government expenditure.

Analysis

The most recent figure for government procurement spending as share of total government spending in Iceland is 32.9%, measured in 2024.

The figure is down 1.4% on the previous year and up 5.9% over ten years.

Over the whole period, government procurement spending as share of total government spending in Iceland peaked at 35.2% in 2007 and was at its lowest, 25.8%, in 2008.

Iceland ranks 12th of 42 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 18 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 30.2% 25.8% 35.2% 3
2010s 31.1% 28.0% 33.8% 10
2020s 32.4% 30.7% 33.4% 5

Countries ranked near Iceland

  1. 9 Sweden 34.4% compare
  2. 10 Finland 34.0% compare
  3. 11 Estonia 33.9% compare
  4. 13 Czechia 32.7% compare
  5. 14 Latvia 32.1% compare
  6. 15 United Kingdom 31.5% compare

See the full ranking of 42 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is government procurement spending as share of total government spending in Iceland?
Government procurement spending as share of total government spending in Iceland was 32.9% in 2024, according to OECD (2026) – with minor processing by Our World in Data.
What is the highest government procurement spending as share of total government spending recorded in Iceland?
The highest recorded value was 35.2% in 2007.
What is the lowest government procurement spending as share of total government spending recorded in Iceland?
The lowest recorded value was 25.8% in 2008.
How does Iceland rank for government procurement spending as share of total government spending?
Iceland ranks 12th out of 42 countries with data for 2024.
Is government procurement spending as share of total government spending rising or falling in Iceland?
Over the last ten years it is up 5.9%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from OECD (2026) – with minor processing by Our World in Data, published as part of Government procurement spending as share of total government spending. Statizoid updates them automatically from the source API.

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CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Government procurement spending as share of total government spending
Unit
% of government expenditure
Source
OECD (2026) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
42 places, 741 data points, 2007–2024
Last refreshed

This data is divided by total government expenditure, expressed as a percentage.