Annual growth of general government final consumption expenditure in Iceland
Iceland: Annual growth of general government final consumption expenditure was 2.2 in 2023. ◆ Volatile
Latest (2023)
2.2
Change on year
down 4.3%
World rank
76th
of 167 countries
All-time high
5.47
in 2000
All-time low
-3.43
in 2010
Years of data
24
2000–2023
Annual growth of general government final consumption expenditure in Iceland, 2000–2023
Source: Our World in Data.
Analysis
Iceland recorded 2.2 for annual growth of general government final consumption expenditure in 2023.
Compared with earlier readings it is down 4.3% on the previous year and up 147.2% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Iceland peaked at 5.47 in 2000 and was at its lowest, -3.43, in 2010.
That places Iceland 76th out of 167 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of general government final consumption expenditure in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.47 | — |
| 2001 | 5.35 | -2.2% |
| 2002 | 5.2 | -2.8% |
| 2003 | 1.94 | -62.7% |
| 2004 | 2.37 | +22.2% |
| 2005 | 4.92 | +107.6% |
| 2006 | 5.13 | +4.3% |
| 2007 | 3.95 | -23.0% |
| 2008 | 5.39 | +36.5% |
| 2009 | -3.04 | -156.4% |
| 2010 | -3.43 | +12.8% |
| 2011 | -0.12 | -96.5% |
| 2012 | -1.61 | +1241.7% |
| 2013 | 0.89 | -155.3% |
| 2014 | -0.25 | -128.1% |
| 2015 | -0.08 | -68.0% |
| 2016 | 0.87 | -1187.5% |
| 2017 | 2.92 | +235.6% |
| 2018 | 4.75 | +62.7% |
| 2019 | 3.9 | -17.9% |
| 2020 | 5.19 | +33.1% |
| 2021 | 2.3 | -55.7% |
| 2022 | 2.3 | +0.0% |
| 2023 | 2.2 | -4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.67 | -3.04 | 5.47 | 10 |
| 2010s | 0.784 | -3.43 | 4.75 | 10 |
| 2020s | 3 | 2.2 | 5.19 | 4 |
Countries ranked near Iceland
- 73 Slovenia 2.38 compare
- 74 Dominican Republic 2.3 compare
- 75 Bermuda 2.22 compare
- 76 Azerbaijan 2.2 compare
- 78 Cyprus 2.17 compare
- 79 Bosnia and Herzegovina 2.12 compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0853 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 8,386 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 10.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1.08 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.051 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 5,012 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Iceland?
- Annual growth of general government final consumption expenditure in Iceland was 2.2 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Iceland?
- The highest recorded value was 5.47 in 2000.
- What is the lowest annual growth of general government final consumption expenditure recorded in Iceland?
- The lowest recorded value was -3.43 in 2010.
- How does Iceland rank for annual growth of general government final consumption expenditure?
- Iceland ranks 76th out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 147.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Annual growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).