Economic Outlook No 117 — General government consumption of fixed in Iceland
Iceland: Economic Outlook No 117 — General government consumption of fixed was 115.09 billion in 2026. ◆ Volatile
Economic Outlook No 117 — General government consumption of fixed in Iceland, 1980–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 117 — general government consumption of fixed in Iceland stood at 115.09 billion. That is the highest value across all 47 years on record.
That represents a change of up 7.5% on the previous year and up 110.6% over ten years.
Over the whole period, economic outlook no 117 — general government consumption of fixed in Iceland peaked at 115.09 billion in 2026 and was at its lowest, 103.05 million, in 1980.
That places Iceland 8th out of 27 countries with data for 2026, putting it 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 117 — 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 | 86.39 billion | +12.1% |
| 2023 | 98.50 billion | +14.0% |
| 2024 | 102.89 billion | +4.5% |
| 2025 | 107.10 billion | +4.1% |
| 2026 | 115.09 billion | +7.5% |
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 | 94.08 billion | 71.51 billion | 115.09 billion | 7 |
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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is economic outlook no 117 — general government consumption of fixed in Iceland?
- Economic outlook no 117 — general government consumption of fixed in Iceland was 115.09 billion in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — general government consumption of fixed recorded in Iceland?
- The highest recorded value was 115.09 billion in 2026.
- What is the lowest economic outlook no 117 — 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 117 — general government consumption of fixed?
- Iceland ranks 8th out of 27 countries with data for 2026.
- Is economic outlook no 117 — general government consumption of fixed rising or falling in Iceland?
- Over the last ten years it is up 110.6%. 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 117 — General government consumption of fixed capital. Statizoid updates them automatically from the source API.
Download this data
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About this data
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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 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