N/A (2012)

Icelandic Military Budget

See the chart below for a yearly breakdown of military spending in Iceland. (2001 to 2012)

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

Estonian Flag Estonia
$438 Million (2012)
Icelandic Flag Iceland
$18 Million (2012)
Macedonian Flag Macedonia
$139 Million (2012)
Greek Flag Greece
$6,972 Million (2012)
Albanian Flag Albania
$194 Million (2012)
Finnish Flag Finland
$3,856 Million (2012)
Montenegrin Flag Montenegro
$83 Million (2012)
Slovak Flag Slovakia
$1,072 Million (2012)

Iceland's Military Branches

no regular military forces; Icelandic National Police; Icelandic Coast Guard.

Military Service Age in Iceland