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Iceland Military Spending/Defense Budget 1988-2024

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
  • Iceland military spending/defense budget for 2022 was $0.00B, a NAN% decline from 2021.
  • Iceland military spending/defense budget for 2021 was $0.00B, a NAN% decline from 2020.
  • Iceland military spending/defense budget for 2020 was $0.00B, a NAN% decline from 2019.
  • Iceland military spending/defense budget for 2019 was $0.00B, a NAN% decline from 2018.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $876.94B
Saudi Arabia $75.01B
United Kingdom $68.46B
Germany $55.76B
France $53.64B
South Korea $46.37B
Japan $45.99B
Italy $33.49B
Australia $32.30B
Canada $26.90B
Israel $23.41B
Spain $20.31B
Poland $16.57B
Netherlands $15.61B
Qatar $15.41B
Singapore $11.69B
Norway $8.39B
Kuwait $8.24B
Greece $8.10B
Sweden $7.72B
Belgium $6.87B
Switzerland $6.15B
Oman $5.78B
Chile $5.57B
Denmark $5.47B
Finland $4.82B
Czech Republic $4.01B
Austria $3.63B
Portugal $3.50B
New Zealand $2.83B
Argentina $2.58B
Hungary $2.57B
Slovak Republic $1.99B
Lithuania $1.73B
Bahrain $1.38B
Uruguay $1.38B
Croatia $1.31B
Ireland $1.16B
Latvia $0.85B
Estonia $0.81B
Slovenia $0.74B
Luxembourg $0.56B
Cyprus $0.49B
Brunei $0.44B
Trinidad and Tobago $0.20B
Malta $0.09B
Seychelles $0.03B
Iceland $0.00B
Panama $0.00B
Iceland Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2022 $0.00B 0.00%
2021 $0.00B 0.00%
2020 $0.00B 0.00%
2019 $0.00B 0.00%
2018 $0.00B 0.00%
2017 $0.00B 0.00%
2016 $0.00B 0.00%
2015 $0.00B 0.00%
2014 $0.00B 0.00%
2013 $0.00B 0.00%
2012 $0.00B 0.00%
2011 $0.00B 0.00%
2010 $0.00B 0.00%
2009 $0.00B 0.00%
2008 $0.00B 0.00%
2007 $0.00B 0.00%
2006 $0.00B 0.00%
2005 $0.00B 0.00%
2004 $0.00B 0.00%
2003 $0.00B 0.00%
2002 $0.00B 0.00%
2001 $0.00B 0.00%
2000 $0.00B 0.00%
1999 $0.00B 0.00%
1998 $0.00B 0.00%
1997 $0.00B 0.00%
1996 $0.00B 0.00%
1995 $0.00B 0.00%
1994 $0.00B 0.00%
1993 $0.00B 0.00%
1992 $0.00B 0.00%
1991 $0.00B 0.00%
1990 $0.00B 0.00%
1989 $0.00B 0.00%
1988 $0.00B 0.00%