Final consumption expenditure in Iceland
Iceland: Final consumption expenditure was 17.78 billion constant 2015 US$ in 2025. ▲ Rising
Latest (2025)
17.78 billion constant 2015 US$
Change on year
up 3.3%
World rank
110th
of 172 countries
All-time high
17.78 billion constant 2015 US$
in 2025
All-time low
3.00 billion constant 2015 US$
in 1970
Years of data
56
1970–2025
Final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Iceland recorded 17.78 billion constant 2015 US$ for final consumption expenditure in 2025. That is the highest value across all 56 years on record.
The figure is up 3.3% on the previous year and up 37.5% over ten years.
Over the whole period, final consumption expenditure in Iceland peaked at 17.78 billion constant 2015 US$ in 2025 and was at its lowest, 3.00 billion constant 2015 US$, in 1970.
That places Iceland 110th out of 172 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Final consumption expenditure in Iceland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 3.00 billion constant 2015 US$ | — |
| 1971 | 3.46 billion constant 2015 US$ | +15.3% |
| 1972 | 3.76 billion constant 2015 US$ | +8.6% |
| 1973 | 3.98 billion constant 2015 US$ | +5.9% |
| 1974 | 4.38 billion constant 2015 US$ | +9.9% |
| 1975 | 4.12 billion constant 2015 US$ | -5.9% |
| 1976 | 4.34 billion constant 2015 US$ | +5.3% |
| 1977 | 4.79 billion constant 2015 US$ | +10.5% |
| 1978 | 5.20 billion constant 2015 US$ | +8.6% |
| 1979 | 5.38 billion constant 2015 US$ | +3.4% |
| 1980 | 5.55 billion constant 2015 US$ | +3.1% |
| 1981 | 5.91 billion constant 2015 US$ | +6.5% |
| 1982 | 6.21 billion constant 2015 US$ | +5.2% |
| 1983 | 6.02 billion constant 2015 US$ | -3.1% |
| 1984 | 6.20 billion constant 2015 US$ | +2.9% |
| 1985 | 6.50 billion constant 2015 US$ | +4.8% |
| 1986 | 6.95 billion constant 2015 US$ | +7.0% |
| 1987 | 7.90 billion constant 2015 US$ | +13.6% |
| 1988 | 7.76 billion constant 2015 US$ | -1.7% |
| 1989 | 7.59 billion constant 2015 US$ | -2.2% |
| 1990 | 7.92 billion constant 2015 US$ | +4.3% |
| 1991 | 8.13 billion constant 2015 US$ | +2.7% |
| 1992 | 7.89 billion constant 2015 US$ | -2.9% |
| 1993 | 7.65 billion constant 2015 US$ | -3.2% |
| 1994 | 7.86 billion constant 2015 US$ | +2.8% |
| 1995 | 7.99 billion constant 2015 US$ | +1.7% |
| 1996 | 8.30 billion constant 2015 US$ | +3.9% |
| 1997 | 8.57 billion constant 2015 US$ | +3.2% |
| 1998 | 9.38 billion constant 2015 US$ | +9.4% |
| 1999 | 9.98 billion constant 2015 US$ | +6.4% |
| 2000 | 10.40 billion constant 2015 US$ | +4.2% |
| 2001 | 10.34 billion constant 2015 US$ | -0.7% |
| 2002 | 10.45 billion constant 2015 US$ | +1.1% |
| 2003 | 10.93 billion constant 2015 US$ | +4.6% |
| 2004 | 11.53 billion constant 2015 US$ | +5.6% |
| 2005 | 12.63 billion constant 2015 US$ | +9.5% |
| 2006 | 13.14 billion constant 2015 US$ | +4.0% |
| 2007 | 13.92 billion constant 2015 US$ | +5.9% |
| 2008 | 13.48 billion constant 2015 US$ | -3.2% |
| 2009 | 12.21 billion constant 2015 US$ | -9.4% |
| 2010 | 12.08 billion constant 2015 US$ | -1.1% |
| 2011 | 12.25 billion constant 2015 US$ | +1.4% |
| 2012 | 12.34 billion constant 2015 US$ | +0.7% |
| 2013 | 12.43 billion constant 2015 US$ | +0.8% |
| 2014 | 12.65 billion constant 2015 US$ | +1.7% |
| 2015 | 12.93 billion constant 2015 US$ | +2.2% |
| 2016 | 13.43 billion constant 2015 US$ | +3.9% |
| 2017 | 14.20 billion constant 2015 US$ | +5.7% |
| 2018 | 14.75 billion constant 2015 US$ | +3.9% |
| 2019 | 15.02 billion constant 2015 US$ | +1.8% |
| 2020 | 15.02 billion constant 2015 US$ | -0.0% |
| 2021 | 15.94 billion constant 2015 US$ | +6.1% |
| 2022 | 16.83 billion constant 2015 US$ | +5.6% |
| 2023 | 17.01 billion constant 2015 US$ | +1.1% |
| 2024 | 17.22 billion constant 2015 US$ | +1.2% |
| 2025 | 17.78 billion constant 2015 US$ | +3.3% |
Iceland compared with similar countries
- Iceland's 17.78 billion constant 2015 US$ is below the median for high income countries, which is 177.97 billion constant 2015 US$, 10% of the median. (61 countries reporting)
- Iceland's 17.78 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 104.02 billion constant 2015 US$, 17% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.24 billion constant 2015 US$ | 3.00 billion constant 2015 US$ | 5.38 billion constant 2015 US$ | 10 |
| 1980s | 6.66 billion constant 2015 US$ | 5.55 billion constant 2015 US$ | 7.90 billion constant 2015 US$ | 10 |
| 1990s | 8.37 billion constant 2015 US$ | 7.65 billion constant 2015 US$ | 9.98 billion constant 2015 US$ | 10 |
| 2000s | 11.90 billion constant 2015 US$ | 10.34 billion constant 2015 US$ | 13.92 billion constant 2015 US$ | 10 |
| 2010s | 13.21 billion constant 2015 US$ | 12.08 billion constant 2015 US$ | 15.02 billion constant 2015 US$ | 10 |
| 2020s | 16.63 billion constant 2015 US$ | 15.02 billion constant 2015 US$ | 17.78 billion constant 2015 US$ | 6 |
Countries ranked near Iceland
- 107 Mozambique 20.64 billion constant 2015 US$ compare
- 108 Macao 19.55 billion constant 2015 US$ compare
- 109 Zimbabwe 18.84 billion constant 2015 US$ compare
- 111 Haiti 16.69 billion constant 2015 US$ compare
- 112 Burkina Faso 16.22 billion constant 2015 US$ compare
- 113 Mongolia 15.92 billion constant 2015 US$ 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Iceland?
- Final consumption expenditure in Iceland was 17.78 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Iceland?
- The highest recorded value was 17.78 billion constant 2015 US$ in 2025.
- What is the lowest final consumption expenditure recorded in Iceland?
- The lowest recorded value was 3.00 billion constant 2015 US$ in 1970.
- How does Iceland rank for final consumption expenditure?
- Iceland ranks 110th out of 172 countries with data for 2025.
- Is final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 37.5%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.