Final consumption expenditure (constant 2015 US$), per capita (capita) in Iceland
Iceland: Final consumption expenditure (constant 2015 US$), per capita (capita) was 45,300 constant 2015 US$ per person in 2025. ▲ Rising
Final consumption expenditure (constant 2015 US$), per capita in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
Iceland recorded 45,300 constant 2015 US$ per person for final consumption expenditure (constant 2015 us$), per capita in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 15.9% over ten years.
Over the whole period, final consumption expenditure (constant 2015 us$), per capita in Iceland peaked at 45,300 constant 2015 US$ per person in 2025 and was at its lowest, 14,688 constant 2015 US$ per person, in 1970.
That places Iceland 7th out of 172 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 56 years of available data.
Final consumption expenditure (constant 2015 US$), per capita (capita) in Iceland, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1970 | 14,688 constant 2015 US$ per person | — |
| 1971 | 16,794 constant 2015 US$ per person | +14.3% |
| 1972 | 17,974 constant 2015 US$ per person | +7.0% |
| 1973 | 18,758 constant 2015 US$ per person | +4.4% |
| 1974 | 20,338 constant 2015 US$ per person | +8.4% |
| 1975 | 18,901 constant 2015 US$ per person | -7.1% |
| 1976 | 19,712 constant 2015 US$ per person | +4.3% |
| 1977 | 21,611 constant 2015 US$ per person | +9.6% |
| 1978 | 23,281 constant 2015 US$ per person | +7.7% |
| 1979 | 23,833 constant 2015 US$ per person | +2.4% |
| 1980 | 24,316 constant 2015 US$ per person | +2.0% |
| 1981 | 25,601 constant 2015 US$ per person | +5.3% |
| 1982 | 26,574 constant 2015 US$ per person | +3.8% |
| 1983 | 25,423 constant 2015 US$ per person | -4.3% |
| 1984 | 25,874 constant 2015 US$ per person | +1.8% |
| 1985 | 26,908 constant 2015 US$ per person | +4.0% |
| 1986 | 28,583 constant 2015 US$ per person | +6.2% |
| 1987 | 32,112 constant 2015 US$ per person | +12.3% |
| 1988 | 31,084 constant 2015 US$ per person | -3.2% |
| 1989 | 30,012 constant 2015 US$ per person | -3.4% |
| 1990 | 31,061 constant 2015 US$ per person | +3.5% |
| 1991 | 31,539 constant 2015 US$ per person | +1.5% |
| 1992 | 30,240 constant 2015 US$ per person | -4.1% |
| 1993 | 28,990 constant 2015 US$ per person | -4.1% |
| 1994 | 29,550 constant 2015 US$ per person | +1.9% |
| 1995 | 29,890 constant 2015 US$ per person | +1.1% |
| 1996 | 30,879 constant 2015 US$ per person | +3.3% |
| 1997 | 31,621 constant 2015 US$ per person | +2.4% |
| 1998 | 34,231 constant 2015 US$ per person | +8.3% |
| 1999 | 35,990 constant 2015 US$ per person | +5.1% |
| 2000 | 37,001 constant 2015 US$ per person | +2.8% |
| 2001 | 36,269 constant 2015 US$ per person | -2.0% |
| 2002 | 36,348 constant 2015 US$ per person | +0.2% |
| 2003 | 37,742 constant 2015 US$ per person | +3.8% |
| 2004 | 39,489 constant 2015 US$ per person | +4.6% |
| 2005 | 42,571 constant 2015 US$ per person | +7.8% |
| 2006 | 43,264 constant 2015 US$ per person | +1.6% |
| 2007 | 44,668 constant 2015 US$ per person | +3.2% |
| 2008 | 42,458 constant 2015 US$ per person | -4.9% |
| 2009 | 38,347 constant 2015 US$ per person | -9.7% |
| 2010 | 37,982 constant 2015 US$ per person | -1.0% |
| 2011 | 38,390 constant 2015 US$ per person | +1.1% |
| 2012 | 38,468 constant 2015 US$ per person | +0.2% |
| 2013 | 38,401 constant 2015 US$ per person | -0.2% |
| 2014 | 38,626 constant 2015 US$ per person | +0.6% |
| 2015 | 39,073 constant 2015 US$ per person | +1.2% |
| 2016 | 40,034 constant 2015 US$ per person | +2.5% |
| 2017 | 41,338 constant 2015 US$ per person | +3.3% |
| 2018 | 41,820 constant 2015 US$ per person | +1.2% |
| 2019 | 41,663 constant 2015 US$ per person | -0.4% |
| 2020 | 40,988 constant 2015 US$ per person | -1.6% |
| 2021 | 42,793 constant 2015 US$ per person | +4.4% |
| 2022 | 44,050 constant 2015 US$ per person | +2.9% |
| 2023 | 44,118 constant 2015 US$ per person | +0.2% |
| 2024 | 44,541 constant 2015 US$ per person | +1.0% |
| 2025 | 45,300 constant 2015 US$ per person | +1.7% |
Iceland compared with similar countries
- Iceland's 45,300 constant 2015 US$ per person is above the median for high income countries, which is 26,321 constant 2015 US$ per person, 1.7× the median. (61 countries reporting)
- Iceland's 45,300 constant 2015 US$ per person is above the median for Europe & Central Asia, which is 14,711 constant 2015 US$ per person, 3.1× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19,589 constant 2015 US$ per person | 14,688 constant 2015 US$ per person | 23,833 constant 2015 US$ per person | 10 |
| 1980s | 27,649 constant 2015 US$ per person | 24,316 constant 2015 US$ per person | 32,112 constant 2015 US$ per person | 10 |
| 1990s | 31,399 constant 2015 US$ per person | 28,990 constant 2015 US$ per person | 35,990 constant 2015 US$ per person | 10 |
| 2000s | 39,816 constant 2015 US$ per person | 36,269 constant 2015 US$ per person | 44,668 constant 2015 US$ per person | 10 |
| 2010s | 39,580 constant 2015 US$ per person | 37,982 constant 2015 US$ per person | 41,820 constant 2015 US$ per person | 10 |
| 2020s | 43,631 constant 2015 US$ per person | 40,988 constant 2015 US$ per person | 45,300 constant 2015 US$ per person | 6 |
Countries ranked near Iceland
- 4 Switzerland 56,396 constant 2015 US$ per person compare
- 5 United States 54,931 constant 2015 US$ per person compare
- 6 Australia 48,817 constant 2015 US$ per person compare
- 8 Denmark 40,939 constant 2015 US$ per person compare
- 9 Greenland 40,333 constant 2015 US$ per person compare
- 10 United Kingdom 39,565 constant 2015 US$ per person compare
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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is final consumption expenditure (constant 2015 us$), per capita in Iceland?
- Final consumption expenditure (constant 2015 us$), per capita in Iceland was 45,300 constant 2015 US$ per person in 2025, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant 2015 us$), per capita recorded in Iceland?
- The highest recorded value was 45,300 constant 2015 US$ per person in 2025.
- What is the lowest final consumption expenditure (constant 2015 us$), per capita recorded in Iceland?
- The lowest recorded value was 14,688 constant 2015 US$ per person in 1970.
- How does Iceland rank for final consumption expenditure (constant 2015 us$), per capita?
- Iceland ranks 7th out of 172 countries with data for 2025.
- Is final consumption expenditure (constant 2015 us$), per capita rising or falling in Iceland?
- Over the last ten years it is up 15.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Final consumption expenditure (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (constant 2015 US$) ÷ Population, total
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Final consumption expenditure (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.