Military expenditures as a share of government expenditure reached 0.358% in 2012 in Iceland, according to the SIPRI Military Expenditure Database. This is 6.54% less than in the previous year.
Historically, military expenditures as a share of government expenditure in Iceland reached an all time high of 0.487% in 2009 and an all time low of 0.358% in 2012.
Iceland has been ranked 151st within the group of 154 countries we follow in terms of military expenditures as a share of government expenditure.
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