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Iceland Goods and services expense (% of expense) 2026: Interactive Chart & Historical Data

Goods and services expense (% of expense) in Iceland stood at 21.48% in 2023, according to World Bank. The latest value is up 0.85 percentage points from 20.63% in 2022. Ten years earlier, in 2013, the value was 20.54% (up 0.93 percentage points since). The highest value since 1972 was 24.71% in 1987, the lowest 10.26% in 1974. Iceland ranked 26th highest of the 109 countries in this dataset in 2022; Tonga ranked first.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024

Key facts

What is the latest Goods and services expense (% of expense) in Iceland?

Goods and services expense (% of expense) in Iceland stood at 21.48% in 2023, according to World Bank.

Is Goods and services expense (% of expense) in Iceland rising or falling?

The latest value is up 0.85 percentage points from 20.63% in 2022. Ten years earlier, in 2013, the value was 20.54% (up 0.93 percentage points since).

How does Iceland rank for Goods and services expense (% of expense)?

Iceland ranked 26th highest of the 109 countries in this dataset in 2022; Tonga ranked first.

What is the highest Goods and services expense (% of expense) on record in Iceland?

The highest value since 1972 was 24.71% in 1987, the lowest 10.26% in 1974.

Metadata for Goods and services expense (% of expense) in Iceland
IndicatorGoods and services expense (% of expense)
CountryIceland
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest value: 21.48% (2023)

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Source:World Bank — series GC.XPN.GSRV.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Goods and services expense (% of expense) — Iceland [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-xpn-gsrv-zs/ISL. Original source: https://data.worldbank.org/indicator/GC.XPN.GSRV.ZS

MLA

World Bank. "Goods and services expense (% of expense) — Iceland." EconDash, 2026, https://econdash.org/chart/wdi-gc-xpn-gsrv-zs/ISL. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.XPN.GSRV.ZS.

Chicago

World Bank. 2026. "Goods and services expense (% of expense) — Iceland." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-xpn-gsrv-zs/ISL. Original source: https://data.worldbank.org/indicator/GC.XPN.GSRV.ZS.

BibTeX
@misc{econdash_wdi_gc_xpn_gsrv_zs_isl,
  author = {{World Bank}},
  title = {{Goods and services expense (\% of expense) --- Iceland}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-xpn-gsrv-zs/ISL},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.XPN.GSRV.ZS}
}