{"entity":{"iso2":"IS","iso3":"ISL","name":"Iceland","slug":"iceland"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"government-spending-by-function","source":"OECD (2026) \u2013 with minor processing by Our World in Data","source_url":"https://ourworldindata.org/grapher/government-spending-by-function","title":"Government spending by function","unit":"% of government expenditure"},"observations":[{"date":"2007-01-01","value":17.997},{"date":"2008-01-01","value":13.923},{"date":"2009-01-01","value":19.987},{"date":"2010-01-01","value":21.243},{"date":"2011-01-01","value":21.348},{"date":"2012-01-01","value":21.55},{"date":"2013-01-01","value":21.377},{"date":"2014-01-01","value":21.362},{"date":"2015-01-01","value":20.945},{"date":"2016-01-01","value":28.312},{"date":"2017-01-01","value":21.798},{"date":"2018-01-01","value":22.434},{"date":"2019-01-01","value":24.465},{"date":"2020-01-01","value":27.25},{"date":"2021-01-01","value":26.609},{"date":"2022-01-01","value":23.284},{"date":"2023-01-01","value":23.862}],"summary":{"latest_period":"2023-01-01","latest_value":23.862,"max":28.312,"mean":22.2204,"min":13.923,"of":37,"rank":36,"trend":"rising"}}