Economic Outlook No 115 — General government consumption of fixed in Iceland
Iceland: Economic Outlook No 115 — General government consumption of fixed was 110.27 billion in 2025. ◆ Volatile
Economic Outlook No 115 — General government consumption of fixed in Iceland, 1980–2025
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2025, economic outlook no 115 — general government consumption of fixed in Iceland stood at 110.27 billion. That is the highest value across all 46 years on record.
That represents a change of up 6.1% on the previous year and up 102.6% over ten years.
Over the whole period, economic outlook no 115 — general government consumption of fixed in Iceland peaked at 110.27 billion in 2025 and was at its lowest, 103.05 million, in 1980.
Iceland ranks 9th of 28 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.
Economic Outlook No 115 — General government consumption of fixed in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 103.05 million | — |
| 1981 | 160.54 million | +55.8% |
| 1982 | 260.34 million | +62.2% |
| 1983 | 463.18 million | +77.9% |
| 1984 | 586.84 million | +26.7% |
| 1985 | 797.28 million | +35.9% |
| 1986 | 1.03 billion | +29.0% |
| 1987 | 1.25 billion | +21.4% |
| 1988 | 1.47 billion | +17.9% |
| 1989 | 1.82 billion | +23.8% |
| 1990 | 7.09 billion | +289.3% |
| 1991 | 7.99 billion | +12.6% |
| 1992 | 8.62 billion | +7.8% |
| 1993 | 9.29 billion | +7.7% |
| 1994 | 10.04 billion | +8.1% |
| 1995 | 10.72 billion | +6.8% |
| 1996 | 11.37 billion | +6.0% |
| 1997 | 12.09 billion | +6.3% |
| 1998 | 12.88 billion | +6.5% |
| 1999 | 13.99 billion | +8.6% |
| 2000 | 15.26 billion | +9.1% |
| 2001 | 18.23 billion | +19.4% |
| 2002 | 19.73 billion | +8.3% |
| 2003 | 20.69 billion | +4.9% |
| 2004 | 21.64 billion | +4.6% |
| 2005 | 22.70 billion | +4.9% |
| 2006 | 26.21 billion | +15.5% |
| 2007 | 28.59 billion | +9.1% |
| 2008 | 37.49 billion | +31.1% |
| 2009 | 45.52 billion | +21.4% |
| 2010 | 47.59 billion | +4.5% |
| 2011 | 49.22 billion | +3.4% |
| 2012 | 51.89 billion | +5.4% |
| 2013 | 52.52 billion | +1.2% |
| 2014 | 52.32 billion | -0.4% |
| 2015 | 54.42 billion | +4.0% |
| 2016 | 54.65 billion | +0.4% |
| 2017 | 54.63 billion | -0.0% |
| 2018 | 59.02 billion | +8.0% |
| 2019 | 65.24 billion | +10.5% |
| 2020 | 71.51 billion | +9.6% |
| 2021 | 77.07 billion | +7.8% |
| 2022 | 86.35 billion | +12.0% |
| 2023 | 97.74 billion | +13.2% |
| 2024 | 103.90 billion | +6.3% |
| 2025 | 110.27 billion | +6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 794.24 million | 103.05 million | 1.82 billion | 10 |
| 1990s | 10.41 billion | 7.09 billion | 13.99 billion | 10 |
| 2000s | 25.61 billion | 15.26 billion | 45.52 billion | 10 |
| 2010s | 54.15 billion | 47.59 billion | 65.24 billion | 10 |
| 2020s | 91.14 billion | 71.51 billion | 110.27 billion | 6 |
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 economic outlook no 115 — general government consumption of fixed in Iceland?
- Economic outlook no 115 — general government consumption of fixed in Iceland was 110.27 billion in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 115 — general government consumption of fixed recorded in Iceland?
- The highest recorded value was 110.27 billion in 2025.
- What is the lowest economic outlook no 115 — general government consumption of fixed recorded in Iceland?
- The lowest recorded value was 103.05 million in 1980.
- How does Iceland rank for economic outlook no 115 — general government consumption of fixed?
- Iceland ranks 9th out of 28 countries with data for 2025.
- Is economic outlook no 115 — general government consumption of fixed rising or falling in Iceland?
- Over the last ten years it is up 102.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 115 — General government consumption of fixed capital. Statizoid updates them automatically from the source API.
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About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP