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
Latest (2023)
0.5%
Change on year
down 94.5%
World rank
148th
of 185 countries
All-time high
11.7%
in 2005
All-time low
-12.5%
in 2009
Years of data
24
2000–2023
Annual growth of households and NPISHs final consumption expenditure in Iceland, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
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 148th out of 185 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 | Value | 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% |
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
- 145 Uganda 0.8% compare
- 146 Eswatini 0.7% compare
- 147 France 0.6% compare
- 149 Finland 0.4% compare
- 150 Netherlands (Kingdom of the) 0.4% compare
- 151 United Kingdom of Great Britain and Northern Ireland 0.3% compare
- 151 United Kingdom of Great Britain and Northern Ireland 0.3% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % 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 148th out of 185 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.
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