Iceland has no military spending Not entirely true. It has no standing army, but it does have a militarized coast guard, air defense systems and an air force

Iceland has no military spending Not entirely true. It has no standing army, but it does have a militarized coast guard, air defense systems and an air force base it maintains, as well as a small Crisis Response Unit that can be deployed internationally. In addition it is a full NATO member for which it has certain costs.