Annual growth of the general government final consumption expenditure in Iceland
Iceland: Annual growth of the general government final consumption expenditure was 2.2% in 2023. ◆ Volatile
Annual growth of the general government final consumption expenditure in Iceland, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual growth of the general government final consumption expenditure in Iceland is 2.2%, measured in 2023.
That represents a change of down 4.5% on the previous year and up 146.8% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Iceland peaked at 5.5% in 2000 and was at its lowest, -3.4%, in 2010.
Iceland ranks 84th of 181 countries on this measure, 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 the general government final consumption expenditure in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 5.5% | — |
| 2001 | 5.4% | -2.2% |
| 2002 | 5.2% | -2.8% |
| 2003 | 1.9% | -62.7% |
| 2004 | 2.4% | +21.8% |
| 2005 | 4.9% | +107.9% |
| 2006 | 5.1% | +4.3% |
| 2007 | 4.0% | -23.0% |
| 2008 | 5.4% | +36.3% |
| 2009 | -3.0% | -156.4% |
| 2010 | -3.4% | +12.8% |
| 2011 | -0.1% | -96.5% |
| 2012 | -1.6% | +1255.7% |
| 2013 | 0.9% | -155.3% |
| 2014 | -0.3% | -128.6% |
| 2015 | -0.1% | -66.8% |
| 2016 | 0.9% | -1128.8% |
| 2017 | 2.9% | +235.8% |
| 2018 | 4.7% | +62.5% |
| 2019 | 3.9% | -17.9% |
| 2020 | 5.2% | +33.1% |
| 2021 | 2.3% | -55.7% |
| 2022 | 2.3% | -0.0% |
| 2023 | 2.2% | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.7% | -3.0% | 5.5% | 10 |
| 2010s | 0.8% | -3.4% | 4.7% | 10 |
| 2020s | 3.0% | 2.2% | 5.2% | 4 |
Countries ranked near Iceland
- 81 El Salvador 2.4% compare
- 82 India 2.3% compare
- 83 Azerbaijan 2.2% compare
- 85 Greenland 2.2% compare
- 86 Republic of Korea 2.1% compare
- 86 Korea 2.1% 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)
- Total reserves minus gold (current US$), annual growth rate 19.51 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1932 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 18,994 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.88 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 25,628 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.82 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 33.48 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is annual growth of the general government final consumption expenditure in Iceland?
- Annual growth of the general government final consumption expenditure in Iceland was 2.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Iceland?
- The highest recorded value was 5.5% in 2000.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Iceland?
- The lowest recorded value was -3.4% in 2010.
- How does Iceland rank for annual growth of the general government final consumption expenditure?
- Iceland ranks 84th out of 181 countries with data for 2023.
- Is annual growth of the general government final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 146.8%. 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 the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).