Military spending in Iceland
Iceland: Military spending was 0 constant 2024 US$ in 2025. ▬ Flat
Military spending in Iceland, 1949–2025
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
Iceland recorded 0 constant 2024 US$ for military spending in 2025. That is the highest value across all 77 years on record.
Over the whole period, military spending in Iceland peaked at 0 constant 2024 US$ in 1949 and was at its lowest, 0 constant 2024 US$, in 1949.
That places Iceland 160th out of 162 countries with data for 2025, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 1 |
| 1950s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 10 |
| 1960s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 10 |
| 1970s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 10 |
| 1980s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 10 |
| 1990s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 10 |
| 2000s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 10 |
| 2010s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 10 |
| 2020s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 6 |
Countries ranked near Iceland
- 157 Cape Verde 18.97 million constant 2024 US$ compare
- 158 Gambia 14.65 million constant 2024 US$ compare
- 159 Afghanistan 8.55 million constant 2024 US$ compare
- 160 Costa Rica 0 constant 2024 US$ compare
- 160 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 in Iceland?
- Military spending in Iceland was 0 constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Iceland?
- The highest recorded value was 0 constant 2024 US$ in 1949.
- What is the lowest military spending recorded in Iceland?
- The lowest recorded value was 0 constant 2024 US$ in 1949.
- How does Iceland rank for military spending?
- Iceland ranks 160th out of 162 countries with data for 2025.
- Where does this Iceland data come from?
- The figures come from Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
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CSV · JSON — 77 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
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.