Final consumption expenditure (current US$), per capita in Iceland
Iceland: Final consumption expenditure (current US$), per capita was 74,418 current US$ per person in 2025. ◆ Volatile
Final consumption expenditure (current US$), per capita in Iceland, 1970–2025
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
Iceland recorded 74,418 current US$ per person for final consumption expenditure (current us$), per capita in 2025. That is the highest value across all 56 years on record.
The figure is up 15.5% on the previous year and up 90.5% over ten years.
Over the whole period, final consumption expenditure (current us$), per capita in Iceland peaked at 74,418 current US$ per person in 2025 and was at its lowest, 1,920 current US$ per person, in 1970.
Iceland ranks 3rd of 188 countries on this measure, 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$), per capita in Iceland, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1970 | 1,920 current US$ per person | — |
| 1971 | 2,426 current US$ per person | +26.4% |
| 1972 | 3,007 current US$ per person | +23.9% |
| 1973 | 3,872 current US$ per person | +28.8% |
| 1974 | 5,300 current US$ per person | +36.9% |
| 1975 | 4,825 current US$ per person | -9.0% |
| 1976 | 5,492 current US$ per person | +13.8% |
| 1977 | 7,208 current US$ per person | +31.2% |
| 1978 | 8,290 current US$ per person | +15.0% |
| 1979 | 9,527 current US$ per person | +14.9% |
| 1980 | 11,054 current US$ per person | +16.0% |
| 1981 | 11,558 current US$ per person | +4.6% |
| 1982 | 10,749 current US$ per person | -7.0% |
| 1983 | 9,167 current US$ per person | -14.7% |
| 1984 | 9,400 current US$ per person | +2.5% |
| 1985 | 9,992 current US$ per person | +6.3% |
| 1986 | 13,036 current US$ per person | +30.5% |
| 1987 | 18,443 current US$ per person | +41.5% |
| 1988 | 20,016 current US$ per person | +8.5% |
| 1989 | 18,109 current US$ per person | -9.5% |
| 1990 | 20,692 current US$ per person | +14.3% |
| 1991 | 22,256 current US$ per person | +7.6% |
| 1992 | 22,737 current US$ per person | +2.2% |
| 1993 | 19,272 current US$ per person | -15.2% |
| 1994 | 19,364 current US$ per person | +0.5% |
| 1995 | 21,801 current US$ per person | +12.6% |
| 1996 | 22,715 current US$ per person | +4.2% |
| 1997 | 22,253 current US$ per person | -2.0% |
| 1998 | 24,842 current US$ per person | +11.6% |
| 1999 | 26,664 current US$ per person | +7.3% |
| 2000 | 26,709 current US$ per person | +0.2% |
| 2001 | 22,837 current US$ per person | -14.5% |
| 2002 | 25,842 current US$ per person | +13.2% |
| 2003 | 32,672 current US$ per person | +26.4% |
| 2004 | 38,707 current US$ per person | +18.5% |
| 2005 | 47,615 current US$ per person | +23.0% |
| 2006 | 46,863 current US$ per person | -1.6% |
| 2007 | 55,832 current US$ per person | +19.1% |
| 2008 | 43,796 current US$ per person | -21.6% |
| 2009 | 32,030 current US$ per person | -26.9% |
| 2010 | 33,427 current US$ per person | +4.4% |
| 2011 | 37,110 current US$ per person | +11.0% |
| 2012 | 36,425 current US$ per person | -1.8% |
| 2013 | 38,653 current US$ per person | +6.1% |
| 2014 | 42,120 current US$ per person | +9.0% |
| 2015 | 39,073 current US$ per person | -7.2% |
| 2016 | 45,234 current US$ per person | +15.8% |
| 2017 | 53,595 current US$ per person | +18.5% |
| 2018 | 55,815 current US$ per person | +4.1% |
| 2019 | 51,391 current US$ per person | -7.9% |
| 2020 | 47,700 current US$ per person | -7.2% |
| 2021 | 55,412 current US$ per person | +16.2% |
| 2022 | 57,529 current US$ per person | +3.8% |
| 2023 | 60,718 current US$ per person | +5.5% |
| 2024 | 64,417 current US$ per person | +6.1% |
| 2025 | 74,418 current US$ per person | +15.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,187 current US$ per person | 1,920 current US$ per person | 9,527 current US$ per person | 10 |
| 1980s | 13,152 current US$ per person | 9,167 current US$ per person | 20,016 current US$ per person | 10 |
| 1990s | 22,260 current US$ per person | 19,272 current US$ per person | 26,664 current US$ per person | 10 |
| 2000s | 37,290 current US$ per person | 22,837 current US$ per person | 55,832 current US$ per person | 10 |
| 2010s | 43,284 current US$ per person | 33,427 current US$ per person | 55,815 current US$ per person | 10 |
| 2020s | 60,032 current US$ per person | 47,700 current US$ per person | 74,418 current US$ per person | 6 |
Countries ranked near Iceland
- 1 Luxembourg 78,545 current US$ per person compare
- 2 Bermuda 78,264 current US$ per person compare
- 4 Switzerland 70,662 current US$ per person compare
- 5 United States of America 70,257 current US$ per person compare
- 6 Norway 61,575 current 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)
- 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$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is final consumption expenditure (current us$), per capita in Iceland?
- Final consumption expenditure (current us$), per capita in Iceland was 74,418 current US$ per person in 2025, according to Statizoid (derived).
- What is the highest final consumption expenditure (current us$), per capita recorded in Iceland?
- The highest recorded value was 74,418 current US$ per person in 2025.
- What is the lowest final consumption expenditure (current us$), per capita recorded in Iceland?
- The lowest recorded value was 1,920 current US$ per person in 1970.
- How does Iceland rank for final consumption expenditure (current us$), per capita?
- Iceland ranks 3rd out of 188 countries with data for 2025.
- Is final consumption expenditure (current us$), per capita rising or falling in Iceland?
- Over the last ten years it is up 90.5%. 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$), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Final consumption expenditure (current US$) 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 (current US$) ÷ Population, total
Computed from
- Final consumption expenditure Country official statistics, National Statistical Offices (NSOs)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Final consumption expenditure (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.