Healthcare Spending: Iceland
Iceland's healthcare spending is currently 8.984 % of GDP as of 2024. # Iceland Healthcare Spending Iceland allocated 8.
Current (2024)
8.984 % of GDP
+3.2% y/y
Peak (2003)
9.729 % of GDP
Low (2015)
8.131 % of GDP
Source
World Bank World Development Indicators
2000–2024 · 25 pts
Healthcare Spending — Iceland
2000 — 2024
Healthcare Spending — Iceland
Analysis# Iceland Healthcare Spending
Iceland allocated 8.984% of its GDP to healthcare in 2024, slightly above the all-time low of 8.131% recorded in 2015 but well below the peak of 9.729% in 2003. Since 2000, healthcare spending has increased modestly by 1.0 percentage point overall, reflecting a complex spending pattern across two decades rather than sustained growth.
The most striking trend emerged in 2020, when spending spiked to 9.649% due to pandemic-related healthcare demands, followed by an even sharper peak of 9.721% in 2021. Subsequently, spending declined through 2022–2023 before stabilizing at 8.984% in 2024. This recent trajectory suggests Iceland is maintaining healthcare investment slightly above its historical low while remaining below the elevated pandemic levels, indicating a normalization phase in public health spending.
Historical Data
25 Rows| Year | Value | Change % |
|---|---|---|
| 2024 | 8.984 % of GDP | +3.21% |
| 2023 | 8.705 % of GDP | -4.14% |
| 2022 | 9.081 % of GDP | -6.58% |
| 2021 | 9.721 % of GDP | +0.75% |
| 2020 | 9.649 % of GDP | +11.68% |
| 2019 | 8.64 % of GDP | +2.39% |
| 2018 | 8.438 % of GDP | +1.37% |
| 2017 | 8.324 % of GDP | +2.06% |
| 2016 | 8.156 % of GDP | +0.31% |
| 2015 | 8.131 % of GDP | -1.92% |
| 2014 | 8.29 % of GDP | +0.77% |
| 2013 | 8.227 % of GDP | -0.05% |
| 2012 | 8.231 % of GDP | -0.29% |
| 2011 | 8.255 % of GDP | -1.28% |
| 2010 | 8.362 % of GDP | -4.71% |
| 2009 | 8.775 % of GDP | +5.17% |
| 2008 | 8.344 % of GDP | -0.12% |
| 2007 | 8.354 % of GDP | -2.37% |
| 2006 | 8.557 % of GDP | -4.36% |
| 2005 | 8.947 % of GDP | -4.09% |
Show all 25 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | 9.329 % of GDP | -4.11% |
| 2003 | 9.729 % of GDP | +3.46% |
| 2002 | 9.404 % of GDP | +7.44% |
| 2001 | 8.753 % of GDP | -1.64% |
| 2000 | 8.899 % of GDP | — |
Related Data
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Demographics
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