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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 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.
  • Iceland military spending/defense budget for 2018 was $0.00B, a NAN% decline from 2017.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $800.67B
United Kingdom $68.37B
France $56.65B
Germany $56.02B
Saudi Arabia $55.56B
Japan $54.12B
South Korea $50.23B
Italy $32.01B
Australia $31.75B
Canada $26.45B
Israel $24.34B
Spain $19.54B
Netherlands $13.75B
Poland $13.71B
Qatar $11.59B
Singapore $11.12B
Kuwait $9.02B
Norway $8.25B
Greece $8.08B
Sweden $7.89B
Belgium $6.31B
Chile $6.23B
Finland $5.90B
Oman $5.78B
Switzerland $5.74B
Denmark $5.39B
Portugal $4.91B
Czech Republic $3.94B
Austria $3.83B
New Zealand $3.39B
Hungary $2.78B
Argentina $2.59B
Slovak Republic $1.98B
Croatia $1.74B
Bahrain $1.38B
Ireland $1.27B
Uruguay $1.26B
Lithuania $1.24B
Latvia $0.83B
Estonia $0.76B
Slovenia $0.73B
Cyprus $0.52B
Luxembourg $0.46B
Brunei $0.45B
Trinidad and Tobago $0.21B
Malta $0.08B
Seychelles $0.02B
Panama $0.00B
Iceland $0.00B
Iceland Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
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%