World Bank · Public Sector

Iceland: Goods and services expense (% of expense)

21.48percent · 2023+4.5% since 2013

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction. Annual figures for Iceland from 1972 to 2023.