Economic Outlook No 117 — Private final consumption expenditure in Iceland
Iceland: Economic Outlook No 117 — Private final consumption expenditure was 2.6 in 2026. ◆ Volatile
Economic Outlook No 117 — Private final consumption expenditure in Iceland, 1961–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 117 — private final consumption expenditure in Iceland stood at 2.6.
Compared with earlier readings it is up 86.3% on the previous year and down 61.4% over ten years.
Over the whole period, economic outlook no 117 — private final consumption expenditure in Iceland peaked at 17.16 in 1971 and was at its lowest, -12.5, in 2009.
That places Iceland 10th out of 38 countries with data for 2026, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Economic Outlook No 117 — Private final consumption expenditure in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | -0.2529 | — |
| 1962 | 10.93 | -4420.4% |
| 1963 | 11.33 | +3.6% |
| 1964 | 8.98 | -20.7% |
| 1965 | 7.66 | -14.7% |
| 1966 | 13.3 | +73.7% |
| 1967 | 1.52 | -88.6% |
| 1968 | -5.36 | -453.0% |
| 1969 | -5.11 | -4.7% |
| 1970 | 16.02 | -413.9% |
| 1971 | 17.16 | +7.1% |
| 1972 | 7.27 | -57.6% |
| 1973 | 5.33 | -26.6% |
| 1974 | 10.26 | +92.4% |
| 1975 | -9.61 | -193.7% |
| 1976 | 5.42 | -156.4% |
| 1977 | 12.91 | +138.1% |
| 1978 | 8.96 | -30.6% |
| 1979 | 2.83 | -68.5% |
| 1980 | 3.38 | +19.7% |
| 1981 | 6.17 | +82.4% |
| 1982 | 4.95 | -19.7% |
| 1983 | -5.63 | -213.7% |
| 1984 | 3.7 | -165.8% |
| 1985 | 4.22 | +14.0% |
| 1986 | 6.91 | +63.7% |
| 1987 | 16.17 | +133.9% |
| 1988 | -3.8 | -123.5% |
| 1989 | -4.17 | +9.6% |
| 1990 | -3.73 | -10.4% |
| 1991 | 3.01 | -180.6% |
| 1992 | -3.24 | -207.6% |
| 1993 | -4.64 | +43.4% |
| 1994 | 2.87 | -161.9% |
| 1995 | 2.16 | -24.8% |
| 1996 | 5.03 | +132.7% |
| 1997 | 6.29 | +25.0% |
| 1998 | 11.78 | +87.4% |
| 1999 | 7.28 | -38.2% |
| 2000 | 3.95 | -45.8% |
| 2001 | -2.79 | -170.6% |
| 2002 | -0.7248 | -74.0% |
| 2003 | 5.94 | -919.3% |
| 2004 | 7.15 | +20.4% |
| 2005 | 11.66 | +63.2% |
| 2006 | 3.85 | -67.0% |
| 2007 | 6.62 | +71.9% |
| 2008 | -6.7 | -201.2% |
| 2009 | -12.5 | +86.7% |
| 2010 | -0.2618 | -97.9% |
| 2011 | 2.14 | -919.0% |
| 2012 | 1.82 | -15.1% |
| 2013 | 1.07 | -41.3% |
| 2014 | 2.91 | +172.0% |
| 2015 | 4.49 | +54.4% |
| 2016 | 6.73 | +50.1% |
| 2017 | 7.97 | +18.3% |
| 2018 | 4.83 | -39.4% |
| 2019 | 1.75 | -63.9% |
| 2020 | -3.11 | -278.0% |
| 2021 | 6.95 | -323.7% |
| 2022 | 8.3 | +19.4% |
| 2023 | 0.4971 | -94.0% |
| 2024 | 0.6168 | +24.1% |
| 2025 | 1.39 | +126.2% |
| 2026 | 2.6 | +86.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.78 | -5.36 | 13.3 | 9 |
| 1970s | 7.66 | -9.61 | 17.16 | 10 |
| 1980s | 3.19 | -5.63 | 16.17 | 10 |
| 1990s | 2.68 | -4.64 | 11.78 | 10 |
| 2000s | 1.65 | -12.5 | 11.66 | 10 |
| 2010s | 3.34 | -0.2618 | 7.97 | 10 |
| 2020s | 2.46 | -3.11 | 8.3 | 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)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2006 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 19,720 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.17 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 25.76 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 2.53 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
Frequently asked questions
- What is economic outlook no 117 — private final consumption expenditure in Iceland?
- Economic outlook no 117 — private final consumption expenditure in Iceland was 2.6 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 117 — private final consumption expenditure recorded in Iceland?
- The highest recorded value was 17.16 in 1971.
- What is the lowest economic outlook no 117 — private final consumption expenditure recorded in Iceland?
- The lowest recorded value was -12.5 in 2009.
- How does Iceland rank for economic outlook no 117 — private final consumption expenditure?
- Iceland ranks 10th out of 38 countries with data for 2026.
- Is economic outlook no 117 — private final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is down 61.4%. 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 — Private final consumption expenditure, volume, growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under OECD Terms and Conditions (attribution required).
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