Military Spending in Iceland
Our latest data shows that Iceland spent $17,900,000 on their military in 2012 which amounted to 0.1% of the country's GDP that year. Check out the chart below for more Icelandic military budget data. We can only publish the past 12 years, but SIPRI has data as far back as 1988 on their site.
Total Spent: $85,500,000 (Last 12 years)
| Year | Dollars Spent | % GDP |
|---|---|---|
| 2001 | no data | N/A |
| 2002 | no data | N/A |
| 2003 | no data | N/A |
| 2004 | no data | N/A |
| 2005 | no data | N/A |
| 2006 | no data | N/A |
| Year | Dollars Spent | % GDP |
|---|---|---|
| 2007 | no data | N/A |
| 2008 | no data | N/A |
| 2009 | $26,300,000 | 0.2% |
| 2010 | $21,800,000 | 0.2% |
| 2011 | $19,500,000 | 0.1% |
| 2012 | $17,900,000 | 0.1% |
Note on Data: Constant (2011) US Dollars are used. For more information about this data visit SIPRI.org.
SIPRI Footnote: Iceland does not have an army/military. The figures for Iceland relate to spending on maintaining the Icelandic Air Defence System, intelligence gathering and military exercises, for which Iceland has been responsible since 2008 NATO membership fees, and spending on the "Vikingasveitin" paramilitary special forces.
Other Countries in the Region
Moldova$22 Million (2012)
Greece$6,972 Million (2012)
Czech Republic$2,379 Million (2012)
Russia$90,646 Million (2012)
Lithuania$430 Million (2012)
Serbia$923 Million (2012)
Austria$3,411 Million (2012)
Georgia$451 Million (2012)
Iceland's Military Branches
no regular military forces; Icelandic National Police; Icelandic Coast Guard.
Military Service Age in Iceland
.
