Iceland vs Saudi Arabia: Gross national expenditure
Gross national expenditure over time
- Iceland
- Saudi Arabia
How they compare
Iceland currently reports 5.07 trillion current LCU against 4.71 trillion current LCU in Saudi Arabia, a difference of 354.32 billion current LCU.
That makes Iceland's figure about 1.1 times Saudi Arabia's.
The two have swapped places 5 times across 56 shared years of data; in 1970 it was Saudi Arabia ahead.
Iceland ranks 67th and Saudi Arabia ranks 70th of 185 countries.
Across the 6 decades both report, Iceland averaged higher in 2 and Saudi Arabia in 4.
Head to head by decade
| Decade | Iceland | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.24 billion current LCU | 112.54 billion current LCU | 109.30 billion current LCU | Saudi Arabia |
| 1980s | 137.42 billion current LCU | 399.65 billion current LCU | 262.23 billion current LCU | Saudi Arabia |
| 1990s | 494.44 billion current LCU | 495.30 billion current LCU | 858.30 million current LCU | Saudi Arabia |
| 2000s | 1.17 trillion current LCU | 894.62 billion current LCU | 275.78 billion current LCU | Iceland |
| 2010s | 2.15 trillion current LCU | 2.45 trillion current LCU | 302.21 billion current LCU | Saudi Arabia |
| 2020s | 4.06 trillion current LCU | 3.97 trillion current LCU | 84.64 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross national expenditure, Iceland or Saudi Arabia?
- Iceland, at 5.07 trillion current LCU against 4.71 trillion current LCU in Saudi Arabia as of 2025.
- What is the difference in gross national expenditure between Iceland and Saudi Arabia?
- 354.32 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Iceland and Saudi Arabia?
- 56 years are reported by both, from 1970 to 2025.
- How do Iceland and Saudi Arabia rank globally for gross national expenditure?
- Iceland ranks 67th and Saudi Arabia ranks 70th of 185 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross national expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.