Domestic material consumption per unit of GDP, by type of raw material in Iceland
Iceland: Domestic material consumption per unit of GDP, by type of raw material was 0.2401 kg per constant US$ in 2024. ▼ Falling
Latest (2024)
0.2401 kg per constant US$
Change on year
up 3.1%
World rank
190th
of 224 countries
All-time high
0.6332 kg per constant US$
in 2000
All-time low
0.2605 kg per constant US$
in 2020
Years of data
25
2000–2024
Domestic material consumption per unit of GDP, by type of raw material in Iceland, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in kg per constant US$.
Analysis
In 2024, domestic material consumption per unit of gdp, by type of raw material in Iceland stood at 0.2401 kg per constant US$. That is the lowest value across all 25 years on record.
That represents a change of up 3.1% on the previous year and down 4.5% over ten years.
Over the whole period, domestic material consumption per unit of gdp, by type of raw material in Iceland peaked at 0.6332 kg per constant US$ in 2000 and was at its lowest, 0.2605 kg per constant US$, in 2020.
That places Iceland 190th out of 224 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Domestic material consumption per unit of GDP, by type of raw material in Iceland, year by year
| Year | kg per constant US$ | Change |
|---|---|---|
| 2000 | 0.6332 kg per constant US$ | — |
| 2001 | 0.5486 kg per constant US$ | -13.4% |
| 2002 | 0.4991 kg per constant US$ | -9.0% |
| 2003 | 0.5294 kg per constant US$ | +6.1% |
| 2004 | 0.5409 kg per constant US$ | +2.2% |
| 2005 | 0.51 kg per constant US$ | -5.7% |
| 2006 | 0.5162 kg per constant US$ | +1.2% |
| 2007 | 0.4682 kg per constant US$ | -9.3% |
| 2008 | 0.4258 kg per constant US$ | -9.1% |
| 2009 | 0.3107 kg per constant US$ | -27.0% |
| 2010 | 0.2908 kg per constant US$ | -6.4% |
| 2011 | 0.2677 kg per constant US$ | -7.9% |
| 2012 | 0.3007 kg per constant US$ | +12.3% |
| 2013 | 0.2929 kg per constant US$ | -2.6% |
| 2014 | 0.2793 kg per constant US$ | -4.6% |
| 2015 | 0.2983 kg per constant US$ | +6.8% |
| 2016 | 0.3028 kg per constant US$ | +1.5% |
| 2017 | 0.333 kg per constant US$ | +10.0% |
| 2018 | 0.3255 kg per constant US$ | -2.2% |
| 2019 | 0.2806 kg per constant US$ | -13.8% |
| 2020 | 0.2605 kg per constant US$ | -7.2% |
| 2021 | 0.2784 kg per constant US$ | +6.9% |
| 2022 | 0.2871 kg per constant US$ | +3.1% |
| 2023 | 0.3082 kg per constant US$ | +7.4% |
| 2024 | 0.2401 kg per constant US$ | -22.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.4982 kg per constant US$ | 0.3107 kg per constant US$ | 0.6332 kg per constant US$ | 10 |
| 2010s | 0.2972 kg per constant US$ | 0.2677 kg per constant US$ | 0.333 kg per constant US$ | 10 |
| 2020s | 0.2748 kg per constant US$ | 0.2401 kg per constant US$ | 0.3082 kg per constant US$ | 5 |
Countries ranked near Iceland
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 domestic material consumption per unit of gdp, by type of raw material in Iceland?
- Domestic material consumption per unit of gdp, by type of raw material in Iceland was 0.2401 kg per constant US$ in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest domestic material consumption per unit of gdp, by type of raw material recorded in Iceland?
- The highest recorded value was 0.6332 kg per constant US$ in 2000.
- What is the lowest domestic material consumption per unit of gdp, by type of raw material recorded in Iceland?
- The lowest recorded value was 0.2605 kg per constant US$ in 2020.
- How does Iceland rank for domestic material consumption per unit of gdp, by type of raw material?
- Iceland ranks 190th out of 224 countries with data for 2024.
- Is domestic material consumption per unit of gdp, by type of raw material rising or falling in Iceland?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Domestic material consumption per unit of GDP, by type of raw material (kilograms per constant 2020 United States dollars). Statizoid updates them automatically from the source API.
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