Iceland - Expense
Expense (current LCU)
The value for Expense (current LCU) in Iceland was 940,230,000,000 as of 2019. As the graph below shows, over the past 47 years this indicator reached a maximum value of 940,230,000,000 in 2019 and a minimum value of 169,500,000 in 1972.
Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1972 | 169,500,000 |
| 1973 | 246,600,000 |
| 1974 | 406,500,000 |
| 1975 | 570,400,000 |
| 1976 | 684,700,000 |
| 1977 | 988,400,000 |
| 1978 | 1,605,900,000 |
| 1979 | 2,479,300,000 |
| 1980 | 3,707,900,000 |
| 1981 | 5,895,400,000 |
| 1982 | 9,636,200,000 |
| 1983 | 17,750,100,000 |
| 1984 | 21,061,300,000 |
| 1985 | 31,156,600,000 |
| 1986 | 45,738,200,000 |
| 1987 | 57,066,700,000 |
| 1988 | 78,293,700,000 |
| 1989 | 101,432,000,000 |
| 1990 | 110,928,000,000 |
| 1991 | 124,995,000,000 |
| 1992 | 126,710,000,000 |
| 1993 | 127,471,000,000 |
| 1994 | 134,336,000,000 |
| 1995 | 139,360,000,000 |
| 1996 | 147,733,000,000 |
| 1997 | 146,027,000,000 |
| 1998 | 176,837,000,000 |
| 1999 | 194,144,000,000 |
| 2000 | 208,218,000,000 |
| 2001 | 237,254,000,000 |
| 2002 | 260,023,000,000 |
| 2003 | 280,028,000,000 |
| 2004 | 296,095,000,000 |
| 2005 | 353,545,000,000 |
| 2006 | 400,091,000,000 |
| 2007 | 448,952,000,000 |
| 2008 | 807,772,000,000 |
| 2009 | 677,477,000,000 |
| 2010 | 638,131,000,000 |
| 2011 | 678,725,000,000 |
| 2012 | 683,984,000,000 |
| 2013 | 682,849,000,000 |
| 2014 | 716,336,000,000 |
| 2015 | 744,339,000,000 |
| 2016 | 891,497,000,000 |
| 2017 | 830,903,000,000 |
| 2018 | 877,810,000,000 |
| 2019 | 940,230,000,000 |
Expense (% of GDP)
Expense (% of GDP) in Iceland was 30.85 as of 2019. Its highest value over the past 47 years was 50.82 in 2008, while its lowest value was 22.50 in 1977.
Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1972 | 22.87 |
| 1973 | 23.70 |
| 1974 | 26.84 |
| 1975 | 26.38 |
| 1976 | 22.51 |
| 1977 | 22.50 |
| 1978 | 23.58 |
| 1979 | 24.64 |
| 1980 | 22.86 |
| 1981 | 23.36 |
| 1982 | 24.33 |
| 1983 | 25.83 |
| 1984 | 23.20 |
| 1985 | 25.15 |
| 1986 | 27.89 |
| 1987 | 26.73 |
| 1988 | 29.81 |
| 1989 | 31.35 |
| 1990 | 29.42 |
| 1991 | 30.66 |
| 1992 | 31.10 |
| 1993 | 30.32 |
| 1994 | 30.06 |
| 1995 | 30.24 |
| 1996 | 29.92 |
| 1997 | 27.21 |
| 1998 | 29.31 |
| 1999 | 29.88 |
| 2000 | 29.34 |
| 2001 | 29.57 |
| 2002 | 30.44 |
| 2003 | 31.94 |
| 2004 | 30.51 |
| 2005 | 33.31 |
| 2006 | 32.64 |
| 2007 | 32.37 |
| 2008 | 50.82 |
| 2009 | 41.66 |
| 2010 | 37.96 |
| 2011 | 38.45 |
| 2012 | 37.07 |
| 2013 | 34.66 |
| 2014 | 34.33 |
| 2015 | 32.21 |
| 2016 | 35.49 |
| 2017 | 31.45 |
| 2018 | 30.86 |
| 2019 | 30.85 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
