Final consumption expenditure (current US$), annual growth rate in Iceland
Iceland: Final consumption expenditure (current US$), annual growth rate was 17.29 % change on previous year in 2025. ◆ Volatile
Latest (2025)
17.29 % change on previous year
Change on year
up 173.3%
World rank
18th
of 187 countries
All-time high
43.04 % change on previous year
in 1987
All-time low
-26.61 % change on previous year
in 2009
Years of data
55
1971–2025
Final consumption expenditure (current US$), annual growth rate in Iceland, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, final consumption expenditure (current us$), annual growth rate in Iceland stood at 17.29 % change on previous year.
The figure is up 173.3% on the previous year and up 376.1% over ten years.
Over the whole period, final consumption expenditure (current us$), annual growth rate in Iceland peaked at 43.04 % change on previous year in 1987 and was at its lowest, -26.61 % change on previous year, in 2009.
That places Iceland 18th out of 187 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current US$), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 27.42 % change on previous year | — |
| 1972 | 25.77 % change on previous year | -6.0% |
| 1973 | 30.72 % change on previous year | +19.2% |
| 1974 | 38.75 % change on previous year | +26.1% |
| 1975 | -7.8 % change on previous year | -120.1% |
| 1976 | 14.96 % change on previous year | -291.9% |
| 1977 | 32.23 % change on previous year | +115.4% |
| 1978 | 15.91 % change on previous year | -50.6% |
| 1979 | 16.05 % change on previous year | +0.9% |
| 1980 | 17.25 % change on previous year | +7.5% |
| 1981 | 5.76 % change on previous year | -66.6% |
| 1982 | -5.74 % change on previous year | -199.7% |
| 1983 | -13.58 % change on previous year | +136.6% |
| 1984 | 3.63 % change on previous year | -126.7% |
| 1985 | 7.14 % change on previous year | +96.5% |
| 1986 | 31.43 % change on previous year | +340.1% |
| 1987 | 43.04 % change on previous year | +36.9% |
| 1988 | 10.24 % change on previous year | -76.2% |
| 1989 | -8.4 % change on previous year | -182.0% |
| 1990 | 15.16 % change on previous year | -280.4% |
| 1991 | 8.81 % change on previous year | -41.9% |
| 1992 | 3.45 % change on previous year | -60.8% |
| 1993 | -14.37 % change on previous year | -516.2% |
| 1994 | 1.36 % change on previous year | -109.4% |
| 1995 | 13.19 % change on previous year | +873.1% |
| 1996 | 4.76 % change on previous year | -63.9% |
| 1997 | -1.23 % change on previous year | -125.8% |
| 1998 | 12.84 % change on previous year | -1146.4% |
| 1999 | 8.64 % change on previous year | -32.7% |
| 2000 | 1.55 % change on previous year | -82.1% |
| 2001 | -13.35 % change on previous year | -961.9% |
| 2002 | 14.17 % change on previous year | -206.1% |
| 2003 | 27.31 % change on previous year | +92.7% |
| 2004 | 19.51 % change on previous year | -28.5% |
| 2005 | 24.98 % change on previous year | +28.0% |
| 2006 | 0.7573 % change on previous year | -97.0% |
| 2007 | 22.19 % change on previous year | +2830.5% |
| 2008 | -20.09 % change on previous year | -190.5% |
| 2009 | -26.61 % change on previous year | +32.5% |
| 2010 | 4.21 % change on previous year | -115.8% |
| 2011 | 11.36 % change on previous year | +169.7% |
| 2012 | -1.32 % change on previous year | -111.6% |
| 2013 | 7.12 % change on previous year | -638.6% |
| 2014 | 10.19 % change on previous year | +43.0% |
| 2015 | -6.26 % change on previous year | -161.5% |
| 2016 | 17.39 % change on previous year | -377.6% |
| 2017 | 21.3 % change on previous year | +22.5% |
| 2018 | 6.97 % change on previous year | -67.3% |
| 2019 | -5.88 % change on previous year | -184.4% |
| 2020 | -5.66 % change on previous year | -3.7% |
| 2021 | 18.09 % change on previous year | -419.4% |
| 2022 | 6.46 % change on previous year | -64.3% |
| 2023 | 6.55 % change on previous year | +1.4% |
| 2024 | 6.32 % change on previous year | -3.5% |
| 2025 | 17.29 % change on previous year | +173.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.56 % change on previous year | -7.8 % change on previous year | 38.75 % change on previous year | 9 |
| 1980s | 9.08 % change on previous year | -13.58 % change on previous year | 43.04 % change on previous year | 10 |
| 1990s | 5.26 % change on previous year | -14.37 % change on previous year | 15.16 % change on previous year | 10 |
| 2000s | 5.04 % change on previous year | -26.61 % change on previous year | 27.31 % change on previous year | 10 |
| 2010s | 6.51 % change on previous year | -6.26 % change on previous year | 21.3 % change on previous year | 10 |
| 2020s | 8.18 % change on previous year | -5.66 % change on previous year | 18.09 % change on previous year | 6 |
Countries ranked near Iceland
- 15 Bulgaria 18.77 % change on previous year compare
- 16 Afghanistan 17.59 % change on previous year compare
- 17 Ukraine 17.38 % change on previous year compare
- 19 Türkiye 17.25 % change on previous year compare
- 20 Zimbabwe 16.41 % change on previous year compare
- 21 Uganda 16.17 % change on previous year 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 74,418 current US$ per person (2025)
Frequently asked questions
- What is final consumption expenditure (current us$), annual growth rate in Iceland?
- Final consumption expenditure (current us$), annual growth rate in Iceland was 17.29 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest final consumption expenditure (current us$), annual growth rate recorded in Iceland?
- The highest recorded value was 43.04 % change on previous year in 1987.
- What is the lowest final consumption expenditure (current us$), annual growth rate recorded in Iceland?
- The lowest recorded value was -26.61 % change on previous year in 2009.
- How does Iceland rank for final consumption expenditure (current us$), annual growth rate?
- Iceland ranks 18th out of 187 countries with data for 2025.
- Is final consumption expenditure (current us$), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 376.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Final consumption expenditure (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.