Domestic material consumption per gross domestic product in Iceland
Iceland: Domestic material consumption per gross domestic product was 0.24 kilograms per constant usd in 2024. ▼ Falling
Domestic material consumption per gross domestic product in Iceland, 2000–2024
Source: United Nations Environment Programme – processed by Our World in Data. Measured in kilograms per constant usd.
Analysis
Iceland recorded 0.24 kilograms per constant usd for domestic material consumption per gross domestic product in 2024. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 22.6% on the previous year and down 14.3% over ten years.
Over the whole period, domestic material consumption per gross domestic product in Iceland peaked at 0.63 kilograms per constant usd in 2000 and was at its lowest, 0.24 kilograms per constant usd, in 2024.
Iceland ranks 188th of 211 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Domestic material consumption per gross domestic product in Iceland, year by year
| Year | kilograms per constant usd | Change |
|---|---|---|
| 2000 | 0.63 kilograms per constant usd | — |
| 2001 | 0.55 kilograms per constant usd | -12.7% |
| 2002 | 0.5 kilograms per constant usd | -9.1% |
| 2003 | 0.53 kilograms per constant usd | +6.0% |
| 2004 | 0.54 kilograms per constant usd | +1.9% |
| 2005 | 0.51 kilograms per constant usd | -5.6% |
| 2006 | 0.52 kilograms per constant usd | +2.0% |
| 2007 | 0.47 kilograms per constant usd | -9.6% |
| 2008 | 0.43 kilograms per constant usd | -8.5% |
| 2009 | 0.31 kilograms per constant usd | -27.9% |
| 2010 | 0.29 kilograms per constant usd | -6.5% |
| 2011 | 0.27 kilograms per constant usd | -6.9% |
| 2012 | 0.3 kilograms per constant usd | +11.1% |
| 2013 | 0.29 kilograms per constant usd | -3.3% |
| 2014 | 0.28 kilograms per constant usd | -3.4% |
| 2015 | 0.3 kilograms per constant usd | +7.1% |
| 2016 | 0.3 kilograms per constant usd | +0.0% |
| 2017 | 0.33 kilograms per constant usd | +10.0% |
| 2018 | 0.33 kilograms per constant usd | +0.0% |
| 2019 | 0.28 kilograms per constant usd | -15.2% |
| 2020 | 0.26 kilograms per constant usd | -7.1% |
| 2021 | 0.28 kilograms per constant usd | +7.7% |
| 2022 | 0.29 kilograms per constant usd | +3.6% |
| 2023 | 0.31 kilograms per constant usd | +6.9% |
| 2024 | 0.24 kilograms per constant usd | -22.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.499 kilograms per constant usd | 0.31 kilograms per constant usd | 0.63 kilograms per constant usd | 10 |
| 2010s | 0.297 kilograms per constant usd | 0.27 kilograms per constant usd | 0.33 kilograms per constant usd | 10 |
| 2020s | 0.276 kilograms per constant usd | 0.24 kilograms per constant usd | 0.31 kilograms per constant usd | 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)
- Services, value added (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
Frequently asked questions
- What is domestic material consumption per gross domestic product in Iceland?
- Domestic material consumption per gross domestic product in Iceland was 0.24 kilograms per constant usd in 2024, according to United Nations Environment Programme – processed by Our World in Data.
- What is the highest domestic material consumption per gross domestic product recorded in Iceland?
- The highest recorded value was 0.63 kilograms per constant usd in 2000.
- What is the lowest domestic material consumption per gross domestic product recorded in Iceland?
- The lowest recorded value was 0.24 kilograms per constant usd in 2024.
- How does Iceland rank for domestic material consumption per gross domestic product?
- Iceland ranks 188th out of 211 countries with data for 2024.
- Is domestic material consumption per gross domestic product rising or falling in Iceland?
- Over the last ten years it is down 14.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from United Nations Environment Programme – processed by Our World in Data, published as part of Domestic material consumption per gross domestic product. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Domestic material consumption per unit of GDP, by type of raw material (kilograms per constant 2020 United States dollars).