Military expenditure in Iceland
Iceland: Military expenditure was 0 current LCU in 2024. ▬ Flat
Military expenditure in Iceland, 1988–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
Iceland recorded 0 current LCU for military expenditure in 2024. That is the highest value across all 37 years on record.
Over the whole period, military expenditure in Iceland peaked at 0 current LCU in 1988 and was at its lowest, 0 current LCU, in 1988.
That places Iceland 165th out of 167 countries with data for 2024, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 current LCU | 0 current LCU | 0 current LCU | 2 |
| 1990s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 2000s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 2010s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 2020s | 0 current LCU | 0 current LCU | 0 current LCU | 5 |
Countries ranked near Iceland
- 162 Belize 60.28 million current LCU compare
- 163 East Timor 46.40 million current LCU compare
- 164 Liberia 33.83 million current LCU compare
- 165 Costa Rica 0 current LCU compare
- 165 Panama 0 current LCU compare
More public sector data for Iceland
- Tax revenue 23.2% (2023)
- Taxes on income, profits and capital gains 34.6% (2023)
- Taxes on goods and services 35.2% (2023)
- Net investment in nonfinancial assets 2.3% (2023)
- Net lending (+) / net borrowing (-) -1.1% (2023)
- Interest payments 14.9% (2023)
- Grants and other revenue 17.2% (2023)
- Interest payments 14.7% (2023)
- Other taxes 3.0% (2023)
- Compensation of employees 23.8% (2023)
Frequently asked questions
- What is military expenditure in Iceland?
- Military expenditure in Iceland was 0 current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Iceland?
- The highest recorded value was 0 current LCU in 1988.
- What is the lowest military expenditure recorded in Iceland?
- The lowest recorded value was 0 current LCU in 1988.
- How does Iceland rank for military expenditure?
- Iceland ranks 165th out of 167 countries with data for 2024.
- Where does this Iceland data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)