Military spending, per capita in Iceland
Iceland: Military spending, per capita was 167.87 constant 2022 US$ per person in 2023. ▼ Falling
Latest (2023)
167.87 constant 2022 US$ per person
Change on year
up 0.4%
World rank
66th
of 171 countries
All-time high
472.21 constant 2022 US$ per person
in 1968
All-time low
122.23 constant 2022 US$ per person
in 2015
Years of data
64
1960–2023
Military spending, per capita in Iceland, 1960–2023
Source: Statizoid (derived). Measured in constant 2022 US$ per person.
Analysis
The most recent figure for military spending, per capita in Iceland is 167.87 constant 2022 US$ per person, measured in 2023.
The figure is up 0.4% on the previous year and up 23.6% over ten years.
Over the whole period, military spending, per capita in Iceland peaked at 472.21 constant 2022 US$ per person in 1968 and was at its lowest, 122.23 constant 2022 US$ per person, in 2015.
That places Iceland 66th out of 171 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 64 years of available data.
Military spending, per capita in Iceland, year by year
| Year | constant 2022 US$ per person | Change |
|---|---|---|
| 1960 | 380.05 constant 2022 US$ per person | — |
| 1961 | 415.6 constant 2022 US$ per person | +9.4% |
| 1962 | 406.48 constant 2022 US$ per person | -2.2% |
| 1963 | 423.44 constant 2022 US$ per person | +4.2% |
| 1964 | 444.81 constant 2022 US$ per person | +5.0% |
| 1965 | 444.57 constant 2022 US$ per person | -0.1% |
| 1966 | 427.79 constant 2022 US$ per person | -3.8% |
| 1967 | 424.01 constant 2022 US$ per person | -0.9% |
| 1968 | 472.21 constant 2022 US$ per person | +11.4% |
| 1969 | 415.6 constant 2022 US$ per person | -12.0% |
| 1970 | 411.76 constant 2022 US$ per person | -0.9% |
| 1971 | 415.28 constant 2022 US$ per person | +0.9% |
| 1972 | 383.9 constant 2022 US$ per person | -7.6% |
| 1973 | 389.92 constant 2022 US$ per person | +1.6% |
| 1974 | 347.07 constant 2022 US$ per person | -11.0% |
| 1975 | 335.07 constant 2022 US$ per person | -3.5% |
| 1976 | 308.75 constant 2022 US$ per person | -7.9% |
| 1977 | 293.93 constant 2022 US$ per person | -4.8% |
| 1978 | 281.27 constant 2022 US$ per person | -4.3% |
| 1979 | 264.32 constant 2022 US$ per person | -6.0% |
| 1980 | 236.34 constant 2022 US$ per person | -10.6% |
| 1981 | 235.05 constant 2022 US$ per person | -0.5% |
| 1982 | 235.57 constant 2022 US$ per person | +0.2% |
| 1983 | 230.23 constant 2022 US$ per person | -2.3% |
| 1984 | 244.83 constant 2022 US$ per person | +6.3% |
| 1985 | 241.2 constant 2022 US$ per person | -1.5% |
| 1986 | 236.69 constant 2022 US$ per person | -1.9% |
| 1987 | 234.65 constant 2022 US$ per person | -0.9% |
| 1988 | 229.2 constant 2022 US$ per person | -2.3% |
| 1989 | 220.94 constant 2022 US$ per person | -3.6% |
| 1990 | 212.02 constant 2022 US$ per person | -4.0% |
| 1991 | 203.24 constant 2022 US$ per person | -4.1% |
| 1992 | 223.49 constant 2022 US$ per person | +10.0% |
| 1993 | 214.72 constant 2022 US$ per person | -3.9% |
| 1994 | 213.43 constant 2022 US$ per person | -0.6% |
| 1995 | 219.67 constant 2022 US$ per person | +2.9% |
| 1996 | 216.12 constant 2022 US$ per person | -1.6% |
| 1997 | 223.79 constant 2022 US$ per person | +3.5% |
| 1998 | 223.39 constant 2022 US$ per person | -0.2% |
| 1999 | 220.74 constant 2022 US$ per person | -1.2% |
| 2000 | 224.28 constant 2022 US$ per person | +1.6% |
| 2001 | 229.22 constant 2022 US$ per person | +2.2% |
| 2002 | 236.22 constant 2022 US$ per person | +3.1% |
| 2003 | 222.84 constant 2022 US$ per person | -5.7% |
| 2004 | 225.02 constant 2022 US$ per person | +1.0% |
| 2005 | 209.89 constant 2022 US$ per person | -6.7% |
| 2006 | 200.04 constant 2022 US$ per person | -4.7% |
| 2007 | 176.59 constant 2022 US$ per person | -11.7% |
| 2008 | 167.51 constant 2022 US$ per person | -5.1% |
| 2009 | 160.48 constant 2022 US$ per person | -4.2% |
| 2010 | 146.29 constant 2022 US$ per person | -8.8% |
| 2011 | 139.16 constant 2022 US$ per person | -4.9% |
| 2012 | 133.7 constant 2022 US$ per person | -3.9% |
| 2013 | 135.79 constant 2022 US$ per person | +1.6% |
| 2014 | 128.16 constant 2022 US$ per person | -5.6% |
| 2015 | 122.23 constant 2022 US$ per person | -4.6% |
| 2016 | 129.92 constant 2022 US$ per person | +6.3% |
| 2017 | 153.25 constant 2022 US$ per person | +18.0% |
| 2018 | 155.46 constant 2022 US$ per person | +1.4% |
| 2019 | 172 constant 2022 US$ per person | +10.6% |
| 2020 | 175.14 constant 2022 US$ per person | +1.8% |
| 2021 | 168.04 constant 2022 US$ per person | -4.1% |
| 2022 | 167.14 constant 2022 US$ per person | -0.5% |
| 2023 | 167.87 constant 2022 US$ per person | +0.4% |
Iceland compared with similar countries
- Iceland's 167.87 constant 2022 US$ per person is below the median for high income countries, which is 726.38 constant 2022 US$ per person, 23% of the median. (55 countries reporting)
- Iceland's 167.87 constant 2022 US$ per person is below the median for Europe & Central Asia, which is 464.99 constant 2022 US$ per person, 36% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 425.46 constant 2022 US$ per person | 380.05 constant 2022 US$ per person | 472.21 constant 2022 US$ per person | 10 |
| 1970s | 343.13 constant 2022 US$ per person | 264.32 constant 2022 US$ per person | 415.28 constant 2022 US$ per person | 10 |
| 1980s | 234.47 constant 2022 US$ per person | 220.94 constant 2022 US$ per person | 244.83 constant 2022 US$ per person | 10 |
| 1990s | 217.06 constant 2022 US$ per person | 203.24 constant 2022 US$ per person | 223.79 constant 2022 US$ per person | 10 |
| 2000s | 205.21 constant 2022 US$ per person | 160.48 constant 2022 US$ per person | 236.22 constant 2022 US$ per person | 10 |
| 2010s | 141.6 constant 2022 US$ per person | 122.23 constant 2022 US$ per person | 172 constant 2022 US$ per person | 10 |
| 2020s | 169.54 constant 2022 US$ per person | 167.14 constant 2022 US$ per person | 175.14 constant 2022 US$ per person | 4 |
Countries ranked near Iceland
- 63 Serbia 181.44 constant 2022 US$ per person compare
- 64 Barbados 179.6 constant 2022 US$ per person compare
- 65 Ecuador 173.58 constant 2022 US$ per person compare
- 67 Syria 167.86 constant 2022 US$ per person compare
- 68 Morocco 163.89 constant 2022 US$ per person compare
- 69 Namibia 156.34 constant 2022 US$ per person compare
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 military spending, per capita in Iceland?
- Military spending, per capita in Iceland was 167.87 constant 2022 US$ per person in 2023, according to Statizoid (derived).
- What is the highest military spending, per capita recorded in Iceland?
- The highest recorded value was 472.21 constant 2022 US$ per person in 1968.
- What is the lowest military spending, per capita recorded in Iceland?
- The lowest recorded value was 122.23 constant 2022 US$ per person in 2015.
- How does Iceland rank for military spending, per capita?
- Iceland ranks 66th out of 171 countries with data for 2023.
- Is military spending, per capita rising or falling in Iceland?
- Over the last ten years it is up 23.6%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Military spending, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military spending ÷ Population, total
Computed from
- Military spending Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.