Iceland vs South Africa: Economic Outlook No 117 — Private final consumption expenditure
Economic Outlook No 117 — Private final consumption expenditure over time
- Iceland
- South Africa
How they compare
South Africa currently reports 5.26 trillion against 2.50 trillion in Iceland, a difference of 2.77 trillion.
That makes South Africa's figure about 2.1 times Iceland's.
The two have swapped places 2 times across 67 shared years of data; in 1960 it was South Africa ahead.
Iceland ranks 15th and South Africa ranks 12th of 37 countries.
South Africa has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Iceland | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 127.37 million | 5.36 billion | 5.23 billion | South Africa |
| 1970s | 1.73 billion | 17.47 billion | 15.74 billion | South Africa |
| 1980s | 80.16 billion | 89.64 billion | 9.47 billion | South Africa |
| 1990s | 278.37 billion | 391.15 billion | 112.77 billion | South Africa |
| 2000s | 610.61 billion | 1.16 trillion | 551.84 billion | South Africa |
| 2010s | 1.15 trillion | 2.75 trillion | 1.59 trillion | South Africa |
| 2020s | 2.06 trillion | 4.44 trillion | 2.38 trillion | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher economic outlook no 117 — private final consumption expenditure, Iceland or South Africa?
- South Africa, at 5.26 trillion against 2.50 trillion in Iceland as of 2026.
- What is the difference in economic outlook no 117 — private final consumption expenditure between Iceland and South Africa?
- 2.77 trillion, with South Africa ahead.
- How many years of comparable data are there for Iceland and South Africa?
- 67 years are reported by both, from 1960 to 2026.
- How do Iceland and South Africa rank globally for economic outlook no 117 — private final consumption expenditure?
- Iceland ranks 15th and South Africa ranks 12th of 37 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Economic Outlook No 117 — Private final consumption expenditure, nominal value, GDP expenditure approach. 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