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Iceland — Health spending
Health Spending (% of GDP) for Iceland, 2000–2024.
Latest value · 2024
8.98%
Health Spending (% of GDP) · % of GDP · +0.9% since 2000
Health spending for Iceland was 8.98% in 2024, according to the latest World Bank data. The series covers 25 years, from 2000 to 2024. The highest recorded value was 9.73% in 2003. The lowest was 8.13% in 2015 (about 1.1× the low point). Across that span the compound annual growth rate works out to 0.04% per year.
Iceland ranks 44 of 189 economies on this measure (1 = highest), putting it in the top 23%. The median for Europe & Central Asia is 7.92%, so Iceland sits above it. It peaked in 2003 and has fallen 8% since. Over the last decade (2014–2024) the figure moved up 8%.
Key figures
Latest (2024)
8.98%
First (2000)
8.90%
Change
+0.9%
Highest
9.73%
in 2003
Lowest
8.13%
in 2015
Average
8.73%
Annual growth (CAGR)
0.04%
Years of data
25
Recent years
| Year | % of GDP |
|---|---|
| 2024 | 8.98% |
| 2023 | 8.71% |
| 2022 | 9.08% |
| 2021 | 9.72% |
| 2020 | 9.65% |
| 2019 | 8.64% |
| 2018 | 8.44% |
| 2017 | 8.32% |
| 2016 | 8.16% |
| 2015 | 8.13% |
| 2014 | 8.29% |
| 2013 | 8.23% |
Reading this correctly. Current health expenditure as a share of GDP. Covers both public and private spending on health goods and services. Figures are in % of GDP. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
SH.XPD.CHEX.GD.ZS — Health Spending (% of GDP). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.