Iceland vs United States of America: Economic Outlook No 117 — General government final consumption
Economic Outlook No 117 — General government final consumption over time
- Iceland
- United States of America
How they compare
United States of America currently reports 4.25 trillion against 1.29 trillion in Iceland, a difference of 2.96 trillion.
That makes United States of America's figure about 3.3 times Iceland's.
Across all 67 years both countries report, United States of America has been ahead every year.
Iceland ranks 7th and United States of America ranks 4th of 28 countries.
United States of America has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Iceland | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 24.97 million | 122.58 billion | 122.56 billion | United States of America |
| 1970s | 514.35 million | 285.95 billion | 285.43 billion | United States of America |
| 1980s | 25.08 billion | 665.27 billion | 640.20 billion | United States of America |
| 1990s | 100.64 billion | 1.13 trillion | 1.03 trillion | United States of America |
| 2000s | 269.68 billion | 1.92 trillion | 1.65 trillion | United States of America |
| 2010s | 547.19 billion | 2.65 trillion | 2.10 trillion | United States of America |
| 2020s | 1.07 trillion | 3.73 trillion | 2.66 trillion | United States of America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — general government final consumption, Iceland or United States of America?
- United States of America, at 4.25 trillion against 1.29 trillion in Iceland as of 2026.
- What is the difference in economic outlook no 117 — general government final consumption between Iceland and United States of America?
- 2.96 trillion, with United States of America ahead.
- How many years of comparable data are there for Iceland and United States of America?
- 67 years are reported by both, from 1960 to 2026.
- How do Iceland and United States of America rank globally for economic outlook no 117 — general government final consumption?
- Iceland ranks 7th and United States of America ranks 4th of 28 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — General government final consumption expenditure, nominal value, appropriation account. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP