Final consumption expenditure in Iceland
Iceland: Final consumption expenditure was 3.75 trillion current LCU in 2025. ◆ Volatile
Final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, final consumption expenditure in Iceland stood at 3.75 trillion current LCU. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 9.2% on the previous year and up 120.0% over ten years.
Over the whole period, final consumption expenditure in Iceland peaked at 3.75 trillion current LCU in 2025 and was at its lowest, 345.36 million current LCU, in 1970.
Iceland ranks 70th of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 345.36 million current LCU | — |
| 1971 | 440.06 million current LCU | +27.4% |
| 1972 | 555.11 million current LCU | +26.1% |
| 1973 | 741.00 million current LCU | +33.5% |
| 1974 | 1.14 billion current LCU | +53.9% |
| 1975 | 1.62 billion current LCU | +41.8% |
| 1976 | 2.20 billion current LCU | +36.3% |
| 1977 | 3.18 billion current LCU | +44.3% |
| 1978 | 5.02 billion current LCU | +58.0% |
| 1979 | 7.58 billion current LCU | +50.9% |
| 1980 | 12.10 billion current LCU | +59.5% |
| 1981 | 19.27 billion current LCU | +59.3% |
| 1982 | 31.05 billion current LCU | +61.2% |
| 1983 | 53.97 billion current LCU | +73.8% |
| 1984 | 71.35 billion current LCU | +32.2% |
| 1985 | 100.12 billion current LCU | +40.3% |
| 1986 | 130.31 billion current LCU | +30.2% |
| 1987 | 175.38 billion current LCU | +34.6% |
| 1988 | 215.02 billion current LCU | +22.6% |
| 1989 | 261.19 billion current LCU | +21.5% |
| 1990 | 307.32 billion current LCU | +17.7% |
| 1991 | 338.49 billion current LCU | +10.1% |
| 1992 | 341.57 billion current LCU | +0.9% |
| 1993 | 343.59 billion current LCU | +0.6% |
| 1994 | 360.31 billion current LCU | +4.9% |
| 1995 | 377.22 billion current LCU | +4.7% |
| 1996 | 406.21 billion current LCU | +7.7% |
| 1997 | 427.80 billion current LCU | +5.3% |
| 1998 | 483.08 billion current LCU | +12.9% |
| 1999 | 535.01 billion current LCU | +10.7% |
| 2000 | 590.47 billion current LCU | +10.4% |
| 2001 | 634.02 billion current LCU | +7.4% |
| 2002 | 681.07 billion current LCU | +7.4% |
| 2003 | 725.62 billion current LCU | +6.5% |
| 2004 | 793.53 billion current LCU | +9.4% |
| 2005 | 889.87 billion current LCU | +12.1% |
| 2006 | 999.08 billion current LCU | +12.3% |
| 2007 | 1.11 trillion current LCU | +11.5% |
| 2008 | 1.22 trillion current LCU | +9.7% |
| 2009 | 1.26 trillion current LCU | +3.2% |
| 2010 | 1.30 trillion current LCU | +3.0% |
| 2011 | 1.37 trillion current LCU | +5.6% |
| 2012 | 1.46 trillion current LCU | +6.4% |
| 2013 | 1.53 trillion current LCU | +4.6% |
| 2014 | 1.61 trillion current LCU | +5.3% |
| 2015 | 1.71 trillion current LCU | +5.9% |
| 2016 | 1.83 trillion current LCU | +7.5% |
| 2017 | 1.97 trillion current LCU | +7.3% |
| 2018 | 2.13 trillion current LCU | +8.4% |
| 2019 | 2.27 trillion current LCU | +6.6% |
| 2020 | 2.37 trillion current LCU | +4.2% |
| 2021 | 2.62 trillion current LCU | +10.7% |
| 2022 | 2.97 trillion current LCU | +13.4% |
| 2023 | 3.23 trillion current LCU | +8.7% |
| 2024 | 3.43 trillion current LCU | +6.3% |
| 2025 | 3.75 trillion current LCU | +9.2% |
Iceland compared with similar countries
- Iceland's 3.75 trillion current LCU is above the median for high income countries, which is 326.40 billion current LCU, 11.5× the median. (67 countries reporting)
- Iceland's 3.75 trillion current LCU is above the median for Europe & Central Asia, which is 433.95 billion current LCU, 8.6× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +73.8% | 31.05 billion current LCU | 53.97 billion current LCU |
| 1982 | +61.2% | 19.27 billion current LCU | 31.05 billion current LCU |
| 1980 | +59.5% | 7.58 billion current LCU | 12.10 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.28 billion current LCU | 345.36 million current LCU | 7.58 billion current LCU | 10 |
| 1980s | 106.97 billion current LCU | 12.10 billion current LCU | 261.19 billion current LCU | 10 |
| 1990s | 392.06 billion current LCU | 307.32 billion current LCU | 535.01 billion current LCU | 10 |
| 2000s | 891.18 billion current LCU | 590.47 billion current LCU | 1.26 trillion current LCU | 10 |
| 2010s | 1.72 trillion current LCU | 1.30 trillion current LCU | 2.27 trillion current LCU | 10 |
| 2020s | 3.06 trillion current LCU | 2.37 trillion current LCU | 3.75 trillion current LCU | 6 |
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 final consumption expenditure in Iceland?
- Final consumption expenditure in Iceland was 3.75 trillion current LCU 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 3.75 trillion current LCU in 2025.
- What is the lowest final consumption expenditure recorded in Iceland?
- The lowest recorded value was 345.36 million current LCU in 1970.
- How does Iceland rank for final consumption expenditure?
- Iceland ranks 70th out of 188 countries with data for 2025.
- Is final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 120.0%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.