Share of government consumption in GDP vs. share of population living in extreme poverty in Iceland
Iceland: Share of government consumption in GDP vs. share of population living in extreme poverty was 24.8% in 2023. ▲ Rising
Latest (2023)
24.8%
Change on year
down 4.7%
World rank
43rd
of 184 countries
All-time high
27.7%
in 2021
All-time low
9.0%
in 1955
Years of data
74
1950–2023
Share of government consumption in GDP vs. share of population living in extreme poverty in Iceland, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
In 2023, share of government consumption in gdp vs. share of population living in extreme poverty in Iceland stood at 24.8%.
That represents a change of down 4.7% on the previous year and down 0.2% over ten years.
Over the whole period, share of government consumption in gdp vs. share of population living in extreme poverty in Iceland peaked at 27.7% in 2021 and was at its lowest, 9.0%, in 1955.
That places Iceland 43rd out of 184 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 74 years of available data.
Share of government consumption in GDP vs. share of population living in extreme poverty in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1950 | 9.5% | — |
| 1951 | 9.7% | +1.9% |
| 1952 | 10.1% | +4.2% |
| 1953 | 9.1% | -9.4% |
| 1954 | 9.1% | -0.5% |
| 1955 | 9.0% | -0.6% |
| 1956 | 10.0% | +10.7% |
| 1957 | 10.8% | +8.1% |
| 1958 | 10.2% | -5.0% |
| 1959 | 10.2% | -0.7% |
| 1960 | 11.0% | +7.9% |
| 1961 | 10.9% | -0.8% |
| 1962 | 11.0% | +1.3% |
| 1963 | 10.5% | -5.1% |
| 1964 | 10.3% | -1.7% |
| 1965 | 10.3% | -0.3% |
| 1966 | 10.5% | +2.5% |
| 1967 | 11.9% | +13.1% |
| 1968 | 13.8% | +15.8% |
| 1969 | 13.7% | -0.8% |
| 1970 | 14.0% | +2.2% |
| 1971 | 12.7% | -8.8% |
| 1972 | 14.9% | +16.8% |
| 1973 | 14.5% | -2.7% |
| 1974 | 15.2% | +4.7% |
| 1975 | 16.5% | +9.1% |
| 1976 | 17.2% | +4.2% |
| 1977 | 15.7% | -8.9% |
| 1978 | 16.0% | +2.0% |
| 1979 | 16.1% | +0.6% |
| 1980 | 15.8% | -1.6% |
| 1981 | 16.5% | +4.4% |
| 1982 | 16.8% | +1.6% |
| 1983 | 19.1% | +13.5% |
| 1984 | 17.4% | -9.0% |
| 1985 | 18.4% | +5.8% |
| 1986 | 18.4% | +0.1% |
| 1987 | 17.8% | -3.4% |
| 1988 | 18.1% | +1.8% |
| 1989 | 19.5% | +7.7% |
| 1990 | 19.6% | +0.6% |
| 1991 | 19.6% | +0.3% |
| 1992 | 20.7% | +5.5% |
| 1993 | 21.0% | +1.2% |
| 1994 | 20.9% | -0.3% |
| 1995 | 21.0% | +0.6% |
| 1996 | 20.2% | -4.0% |
| 1997 | 20.7% | +2.8% |
| 1998 | 21.3% | +2.9% |
| 1999 | 21.0% | -1.8% |
| 2000 | 22.2% | +6.0% |
| 2001 | 21.9% | -1.3% |
| 2002 | 23.3% | +6.3% |
| 2003 | 23.2% | -0.4% |
| 2004 | 22.2% | -4.3% |
| 2005 | 20.7% | -6.7% |
| 2006 | 22.6% | +9.1% |
| 2007 | 23.1% | +2.1% |
| 2008 | 22.7% | -1.8% |
| 2009 | 24.9% | +10.1% |
| 2010 | 24.4% | -2.2% |
| 2011 | 25.6% | +5.0% |
| 2012 | 24.4% | -4.8% |
| 2013 | 24.9% | +2.1% |
| 2014 | 24.9% | +0.2% |
| 2015 | 23.8% | -4.6% |
| 2016 | 24.4% | +2.6% |
| 2017 | 25.6% | +4.8% |
| 2018 | 24.4% | -4.5% |
| 2019 | 23.9% | -2.0% |
| 2020 | 27.4% | +14.3% |
| 2021 | 27.7% | +1.2% |
| 2022 | 26.0% | -6.0% |
| 2023 | 24.8% | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 9.8% | 9.0% | 10.8% | 10 |
| 1960s | 11.4% | 10.3% | 13.8% | 10 |
| 1970s | 15.3% | 12.7% | 17.2% | 10 |
| 1980s | 17.8% | 15.8% | 19.5% | 10 |
| 1990s | 20.6% | 19.6% | 21.3% | 10 |
| 2000s | 22.7% | 20.7% | 24.9% | 10 |
| 2010s | 24.6% | 23.8% | 25.6% | 10 |
| 2020s | 26.5% | 24.8% | 27.7% | 4 |
Countries ranked near Iceland
- 40 Serbia 24.9% compare
- 41 New Zealand 24.9% compare
- 42 Aruba 24.9% compare
- 44 Mauritania 24.7% compare
- 45 Algeria 24.6% compare
- 46 North Macedonia 24.5% compare
More poverty & inequality data for Iceland
- Number of income/consumption surveys in the past decade available via the World Bank 4 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 1.54 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 2,430 kg per hectare (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2023)
- Cereal yield vs extreme poverty, annual growth rate -18.09 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 35.57 (2023)
- Tax revenue as share of GDP vs. income inequality 35.6% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is share of government consumption in gdp vs. share of population living in extreme poverty in Iceland?
- Share of government consumption in gdp vs. share of population living in extreme poverty in Iceland was 24.8% in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest share of government consumption in gdp vs. share of population living in extreme poverty recorded in Iceland?
- The highest recorded value was 27.7% in 2021.
- What is the lowest share of government consumption in gdp vs. share of population living in extreme poverty recorded in Iceland?
- The lowest recorded value was 9.0% in 1955.
- How does Iceland rank for share of government consumption in gdp vs. share of population living in extreme poverty?
- Iceland ranks 43rd out of 184 countries with data for 2023.
- Is share of government consumption in gdp vs. share of population living in extreme poverty rising or falling in Iceland?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Share of government consumption in GDP vs. share of population living in extreme poverty. Statizoid updates them automatically from the source API.
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About this data
Government consumption divided by gross domestic product, expressed as a percentage.