Military spending per armed forces personnel in Iceland
Iceland: Military spending per armed forces personnel was 0 constant 2024 US$ in 2016. ▬ Flat
Military spending per armed forces personnel in Iceland, 1995–2016
Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.
Analysis
The most recent figure for military spending per armed forces personnel in Iceland is 0 constant 2024 US$, measured in 2016. That is the highest value across all 20 years on record.
Over the whole period, military spending per armed forces personnel in Iceland peaked at 0 constant 2024 US$ in 1995 and was at its lowest, 0 constant 2024 US$, in 1995.
Iceland ranks 158th of 160 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 5 |
| 2000s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 8 |
| 2010s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 7 |
Countries ranked near Iceland
- 155 Zimbabwe 2,069 constant 2024 US$ compare
- 156 Laos 168.94 constant 2024 US$ compare
- 157 South Sudan 162.56 constant 2024 US$ compare
- 158 Costa Rica 0 constant 2024 US$ compare
- 158 Panama 0 constant 2024 US$ compare
More reference data data for Iceland
- Spring temperature anomalies -0.5453 °C (2026)
- Summer temperature anomalies 0.1076 °C (2026)
- Temperature anomalies by month -0.09 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.653 °C (2025)
- Winter temperature anomalies 3.5 °C (2025)
- Consumer price index 179.82 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military spending per armed forces personnel in Iceland?
- Military spending per armed forces personnel in Iceland was 0 constant 2024 US$ in 2016, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
- What is the highest military spending per armed forces personnel recorded in Iceland?
- The highest recorded value was 0 constant 2024 US$ in 1995.
- What is the lowest military spending per armed forces personnel recorded in Iceland?
- The lowest recorded value was 0 constant 2024 US$ in 1995.
- How does Iceland rank for military spending per armed forces personnel?
- Iceland ranks 158th out of 160 countries with data for 2016.
- Where does this Iceland data come from?
- The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total military expenditure divided by armed forces personnel. 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.