Annual growth of households and NPISHs final consumption expenditure in Iceland
Iceland: Annual growth of households and NPISHs final consumption expenditure was 0.5% in 2023. ◆ Volatile
Annual growth of households and NPISHs final consumption expenditure in Iceland, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Iceland recorded 0.5% for annual growth of households and npishs final consumption expenditure in 2023.
The figure is down 94.5% on the previous year and down 57.4% over ten years.
Over the whole period, annual growth of households and npishs final consumption expenditure in Iceland peaked at 11.7% in 2005 and was at its lowest, -12.5%, in 2009.
That places Iceland 149th out of 186 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of households and NPISHs final consumption expenditure in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | -2.8% | -170.6% |
| 2002 | -0.7% | -74.0% |
| 2003 | 5.9% | -919.4% |
| 2004 | 7.1% | +20.4% |
| 2005 | 11.7% | +63.2% |
| 2006 | 3.8% | -67.0% |
| 2007 | 6.6% | +71.9% |
| 2008 | -6.7% | -201.2% |
| 2009 | -12.5% | +86.7% |
| 2010 | -0.3% | -97.9% |
| 2011 | 2.1% | -919.0% |
| 2012 | 1.8% | -15.1% |
| 2013 | 1.1% | -41.3% |
| 2014 | 2.9% | +172.0% |
| 2015 | 4.5% | +54.4% |
| 2016 | 6.7% | +50.1% |
| 2017 | 8.0% | +18.3% |
| 2018 | 4.8% | -39.4% |
| 2019 | 1.7% | -63.9% |
| 2020 | -3.1% | -278.0% |
| 2021 | 6.9% | -323.6% |
| 2022 | 8.3% | +19.5% |
| 2023 | 0.5% | -94.5% |
Iceland compared with similar countries
- Iceland's 0.5% is below the median for high income countries, which is 1.7%, 27% of the median. (59 countries reporting)
- Iceland's 0.5% is below the median for Europe & Central Asia, which is 2.2%, 21% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Annual growth of households and NPISHs final consumption expenditure in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +919.4% | -0.7% | 5.9% |
| 2011 | +919.0% | -0.3% | 2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.6% | -12.5% | 11.7% | 10 |
| 2010s | 3.3% | -0.3% | 8.0% | 10 |
| 2020s | 3.1% | -3.1% | 8.3% | 4 |
Countries ranked near Iceland
- 146 Uganda 0.8% compare
- 147 Eswatini 0.7% compare
- 148 France 0.6% compare
- 150 Finland 0.4% compare
- 151 Netherlands (Kingdom of the) 0.4% compare
- 152 United Kingdom of Great Britain and Northern Ireland 0.3% compare
- 152 United Kingdom 0.3% compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual growth of households and npishs final consumption expenditure in Iceland?
- Annual growth of households and npishs final consumption expenditure in Iceland was 0.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of households and npishs final consumption expenditure recorded in Iceland?
- The highest recorded value was 11.7% in 2005.
- What is the lowest annual growth of households and npishs final consumption expenditure recorded in Iceland?
- The lowest recorded value was -12.5% in 2009.
- How does Iceland rank for annual growth of households and npishs final consumption expenditure?
- Iceland ranks 149th out of 186 countries with data for 2023.
- Is annual growth of households and npishs final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is down 57.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of households and NPISHs final consumption expenditure (%). Statizoid updates them automatically from the source API.
Download this data
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