Share of GBARD in total general government expenditure in Iceland

Iceland: Share of GBARD in total general government expenditure was 2.32 in 2025. ▲ Rising

Latest (2025)
2.32
Change on year
up 5.0%
World rank
3rd
of 35 countries
All-time high
2.4
in 2023
All-time low
1.36
in 2008
Years of data
28
1998–2025

Share of GBARD in total general government expenditure in Iceland, 1998–2025

00.511.522.51998201120251998: 2.31999: 2.12000: 22001: 1.92002: 2.12003: 2.22004: 1.82005: 1.92006: 1.82007: 1.82008: 1.42009: 1.92010: 1.92011: 1.92012: 22013: 1.62014: 1.62015: 1.72016: 1.82017: 1.92018: 1.92019: 1.92020: 22021: 2.42022: 2.32023: 2.42024: 2.22025: 2.3

Source: Eurostat.

Analysis

In 2025, share of gbard in total general government expenditure in Iceland stood at 2.32.

Compared with earlier readings it is up 5.0% on the previous year and up 36.5% over ten years.

Over the whole period, share of gbard in total general government expenditure in Iceland peaked at 2.4 in 2023 and was at its lowest, 1.36, in 2008.

That places Iceland 3rd out of 35 countries with data for 2025, putting it in the top 10%.

The long-run direction has been consistently rising across the 28 years of available data.

Share of GBARD in total general government expenditure in Iceland, year by year

Annual values for Share of GBARD in total general government expenditure in Iceland, 1998 to 2025.
Year Value Change
1998 2.3
1999 2.08 -9.6%
2000 2.02 -2.9%
2001 1.92 -5.0%
2002 2.12 +10.4%
2003 2.17 +2.4%
2004 1.82 -16.1%
2005 1.89 +3.8%
2006 1.84 -2.6%
2007 1.8 -2.2%
2008 1.36 -24.4%
2009 1.87 +37.5%
2010 1.93 +3.2%
2011 1.86 -3.6%
2012 2.03 +9.1%
2013 1.61 -20.7%
2014 1.57 -2.5%
2015 1.7 +8.3%
2016 1.75 +2.9%
2017 1.85 +5.7%
2018 1.94 +4.9%
2019 1.91 -1.5%
2020 2.01 +5.2%
2021 2.36 +17.4%
2022 2.3 -2.5%
2023 2.4 +4.3%
2024 2.21 -7.9%
2025 2.32 +5.0%

Averages by decade

DecadeAverage LowestHighest Years
1990s 2.19 2.08 2.3 2
2000s 1.88 1.36 2.17 10
2010s 1.81 1.57 2.03 10
2020s 2.27 2.01 2.4 6

Countries ranked near Iceland

  1. 1 Republic of Korea 3.74 compare
  2. 2 Switzerland 2.79 compare
  3. 4 Estonia 2.06 compare
  4. 5 Germany 2.05 compare
  5. 6 Denmark 1.9 compare

See the full ranking of 39 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is share of gbard in total general government expenditure in Iceland?
Share of gbard in total general government expenditure in Iceland was 2.32 in 2025, according to Eurostat.
What is the highest share of gbard in total general government expenditure recorded in Iceland?
The highest recorded value was 2.4 in 2023.
What is the lowest share of gbard in total general government expenditure recorded in Iceland?
The lowest recorded value was 1.36 in 2008.
How does Iceland rank for share of gbard in total general government expenditure?
Iceland ranks 3rd out of 35 countries with data for 2025.
Is share of gbard in total general government expenditure rising or falling in Iceland?
Over the last ten years it is up 36.5%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of Share of GBARD in total general government expenditure. Statizoid updates them automatically from the source API.

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Share of GBARD in total general government expenditure in Iceland. Statizoid, drawing on Eurostat. Retrieved 26 August 2026, from https://reference.statizoid.com/stat/share-of-gbard-in-total-general-government-expenditure/iceland/

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About this data

Indicator
Share of GBARD in total general government expenditure
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
39 places, 1,083 data points, 1980–2025
Last refreshed