Energy productivity in Iceland
Iceland: Energy productivity was 2.27 Euro per kilogram of oil equivalent (KGOE) in 2024. ▼ Falling
Latest (2024)
2.27 Euro per kilogram of oil equivalent (KGOE)
Change on year
down 4.6%
World rank
46th
of 46 countries
All-time high
2.92 Euro per kilogram of oil equivalent (KGOE)
in 2005
All-time low
1.78 Euro per kilogram of oil equivalent (KGOE)
in 2011
Years of data
30
1995–2024
Energy productivity in Iceland, 1995–2024
Source: Eurostat. Measured in Euro per kilogram of oil equivalent (KGOE).
Analysis
The most recent figure for energy productivity in Iceland is 2.27 Euro per kilogram of oil equivalent (KGOE), measured in 2024.
That represents a change of down 4.6% on the previous year and up 21.6% over ten years.
Over the whole period, energy productivity in Iceland peaked at 2.92 Euro per kilogram of oil equivalent (KGOE) in 2005 and was at its lowest, 1.78 Euro per kilogram of oil equivalent (KGOE), in 2011.
Iceland ranks 46th of 46 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Energy productivity in Iceland, year by year
| Year | Euro per kilogram of oil equivalent (KGOE) | Change |
|---|---|---|
| 1995 | 2.71 Euro per kilogram of oil equivalent (KGOE) | — |
| 1996 | 2.63 Euro per kilogram of oil equivalent (KGOE) | -2.9% |
| 1997 | 2.77 Euro per kilogram of oil equivalent (KGOE) | +5.0% |
| 1998 | 2.75 Euro per kilogram of oil equivalent (KGOE) | -0.7% |
| 1999 | 2.55 Euro per kilogram of oil equivalent (KGOE) | -7.3% |
| 2000 | 2.39 Euro per kilogram of oil equivalent (KGOE) | -6.3% |
| 2001 | 2.58 Euro per kilogram of oil equivalent (KGOE) | +8.1% |
| 2002 | 2.51 Euro per kilogram of oil equivalent (KGOE) | -2.6% |
| 2003 | 2.57 Euro per kilogram of oil equivalent (KGOE) | +2.2% |
| 2004 | 2.77 Euro per kilogram of oil equivalent (KGOE) | +7.9% |
| 2005 | 2.92 Euro per kilogram of oil equivalent (KGOE) | +5.3% |
| 2006 | 2.5 Euro per kilogram of oil equivalent (KGOE) | -14.2% |
| 2007 | 2.31 Euro per kilogram of oil equivalent (KGOE) | -7.6% |
| 2008 | 2.04 Euro per kilogram of oil equivalent (KGOE) | -11.7% |
| 2009 | 1.82 Euro per kilogram of oil equivalent (KGOE) | -10.8% |
| 2010 | 1.88 Euro per kilogram of oil equivalent (KGOE) | +2.8% |
| 2011 | 1.78 Euro per kilogram of oil equivalent (KGOE) | -5.4% |
| 2012 | 1.84 Euro per kilogram of oil equivalent (KGOE) | +3.5% |
| 2013 | 1.83 Euro per kilogram of oil equivalent (KGOE) | -0.3% |
| 2014 | 1.87 Euro per kilogram of oil equivalent (KGOE) | +2.0% |
| 2015 | 2.01 Euro per kilogram of oil equivalent (KGOE) | +7.6% |
| 2016 | 2.21 Euro per kilogram of oil equivalent (KGOE) | +10.0% |
| 2017 | 2.15 Euro per kilogram of oil equivalent (KGOE) | -2.7% |
| 2018 | 2.05 Euro per kilogram of oil equivalent (KGOE) | -5.0% |
| 2019 | 2.15 Euro per kilogram of oil equivalent (KGOE) | +4.9% |
| 2020 | 2.14 Euro per kilogram of oil equivalent (KGOE) | -0.5% |
| 2021 | 2.22 Euro per kilogram of oil equivalent (KGOE) | +3.9% |
| 2022 | 2.29 Euro per kilogram of oil equivalent (KGOE) | +3.1% |
| 2023 | 2.38 Euro per kilogram of oil equivalent (KGOE) | +4.1% |
| 2024 | 2.27 Euro per kilogram of oil equivalent (KGOE) | -4.6% |
Iceland compared with similar countries
- Iceland's 2.27 Euro per kilogram of oil equivalent (KGOE) is below the median for Europe & Central Asia, which is 7.21 Euro per kilogram of oil equivalent (KGOE), 32% of the median. (34 countries reporting)
- Iceland's 2.27 Euro per kilogram of oil equivalent (KGOE) is below the median for high income countries, which is 8.19 Euro per kilogram of oil equivalent (KGOE), 28% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.68 Euro per kilogram of oil equivalent (KGOE) | 2.55 Euro per kilogram of oil equivalent (KGOE) | 2.77 Euro per kilogram of oil equivalent (KGOE) | 5 |
| 2000s | 2.44 Euro per kilogram of oil equivalent (KGOE) | 1.82 Euro per kilogram of oil equivalent (KGOE) | 2.92 Euro per kilogram of oil equivalent (KGOE) | 10 |
| 2010s | 1.98 Euro per kilogram of oil equivalent (KGOE) | 1.78 Euro per kilogram of oil equivalent (KGOE) | 2.21 Euro per kilogram of oil equivalent (KGOE) | 10 |
| 2020s | 2.26 Euro per kilogram of oil equivalent (KGOE) | 2.14 Euro per kilogram of oil equivalent (KGOE) | 2.38 Euro per kilogram of oil equivalent (KGOE) | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is energy productivity in Iceland?
- Energy productivity in Iceland was 2.27 Euro per kilogram of oil equivalent (KGOE) in 2024, according to Eurostat.
- What is the highest energy productivity recorded in Iceland?
- The highest recorded value was 2.92 Euro per kilogram of oil equivalent (KGOE) in 2005.
- What is the lowest energy productivity recorded in Iceland?
- The lowest recorded value was 1.78 Euro per kilogram of oil equivalent (KGOE) in 2011.
- How does Iceland rank for energy productivity?
- Iceland ranks 46th out of 46 countries with data for 2024.
- Is energy productivity rising or falling in Iceland?
- Over the last ten years it is up 21.6%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Energy productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Eurostat).