Iceland Public Consumption: % of GDP

1995 - 2020 | Quarterly | % | CEIC Data

Iceland Public Consumption accounted for 27.4 % of its Nominal GDP in Sep 2020, compared with a share of 29.0 % in the previous quarter. Iceland Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1995 to Sep 2020, with an average number of 24.1 %. The data reached an all-time high of 29.0 % in Jun 2020 and a record low of 20.3 % in Sep 1997. CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Statistics Iceland provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.

In the latest reports, Iceland GDP contracted 10.7 % YoY in Jun 2020. Iceland Nominal GDP reached 5.3 USD bn in Sep 2020. Its GDP deflator (implicit price deflator) increased 5.9 % in Jun 2020. Iceland GDP Per Capita reached 67,161.4 USD in Dec 2019. Its Gross Savings Rate was measured at 20.9 % in Sep 2020.

View Iceland's Public Consumption: % of GDP from Mar 1995 to Sep 2020 in the chart:

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What was Iceland's Public Consumption: % of GDP in Sep 2020?

Last	Previous	Min	Max	Unit	Frequency	Range
27.4 Sep 2020	29.0 Jun 2020	20.3 Sep 1997	29.0 Jun 2020	%	quarterly	Mar 1995 - Sep 2020

Public Consumption: % of GDP by Country Comparison

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Includes Public Consumption: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.

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country/region	Last	Frequency	Range
Albania (%)	11.5 Sep 2020	quarterly	Mar 2008 - Sep 2020
Algeria (%)	16.9 2019	yearly	1950 - 2019
Argentina (%)	15.4 Sep 2020	quarterly	Mar 1993 - Sep 2020
Armenia (%)	16.5 Jun 2020	quarterly	Dec 1994 - Jun 2020
Australia (%)	21.5 Sep 2020	quarterly	Sep 1959 - Sep 2020
Austria (%)	20.5 Sep 2020	quarterly	Mar 1988 - Sep 2020
Azerbaijan (%)	10.5 Mar 2020	quarterly	Mar 2001 - Mar 2020
Bahrain (%)	16.3 2018	yearly	1975 - 2018
Bangladesh (%)	6.2 2020	yearly	1960 - 2020
Belarus (%)	14.7 Sep 2020	quarterly	Mar 1994 - Sep 2020

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Iceland Key Series

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Government and Public Finance	Last	Frequency	Range
Consolidated Fiscal Balance: % of GDP (%)	-2.8 Jun 2020	quarterly	Mar 2004 - Jun 2020
Consolidated Fiscal Balance (USD mn)	-554.344 Jun 2020	quarterly	Mar 2004 - Jun 2020
Tax Revenue (USD mn)	1,692.859 Sep 2020	quarterly	Mar 2004 - Sep 2020
Tax Revenue: % of GDP (%)	31.2 Jun 2020	quarterly	Mar 2004 - Jun 2020
National Government Debt (USD mn)	17,203.9 2019	yearly	1998 - 2019
Government Debt: % of GDP (%)	69.0 2019	yearly	1998 - 2019
Forecast: Government Expenditure (ISK bn)	1,566.977 2025	yearly	1980 - 2025
Forecast: Government Net Debt (ISK bn)	1,911.483 2025	yearly	1982 - 2025
Forecast: Government Revenue (ISK bn)	1,382.117 2025	yearly	1980 - 2025
General Govt Revenue: Social Contributions (ISK bn)	25.950 Dec 2018	quarterly	Mar 2004 - Dec 2018
General Govt Revenue: Others (ISK bn)	41.817 Sep 2020	quarterly	Mar 2004 - Sep 2020
General Govt Expenditure (ISK bn)	318.717 Dec 2018	quarterly	Mar 2004 - Dec 2018
General Govt Expenditure: Compensation of Employees (ISK bn)	117.586 Sep 2020	quarterly	Mar 2004 - Sep 2020
General Govt Expenditure: Use of Goods and Services (ISK bn)	86.651 Sep 2020	quarterly	Mar 2004 - Sep 2020
General Govt Revenue (ISK bn)	318.632 Dec 2018	quarterly	Mar 2004 - Dec 2018
General Govt Revenue: Tax (ISK bn)	232.839 Sep 2020	quarterly	Mar 2004 - Sep 2020

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