Final consumption expenditure in Iceland
Iceland: Final consumption expenditure was 75.7% in 2025. ▲ Rising
Final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, final consumption expenditure in Iceland stood at 75.7%.
That represents a change of up 0.9% on the previous year and up 3.6% over ten years.
Over the whole period, final consumption expenditure in Iceland peaked at 82.4% in 2005 and was at its lowest, 68.8%, in 1973.
Iceland ranks 116th of 187 countries on this measure, 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 | % of GDP | Change |
|---|---|---|
| 1970 | 72.0% | — |
| 1971 | 72.1% | +0.1% |
| 1972 | 72.4% | +0.4% |
| 1973 | 68.8% | -4.9% |
| 1974 | 72.7% | +5.7% |
| 1975 | 72.2% | -0.7% |
| 1976 | 70.0% | -3.1% |
| 1977 | 69.9% | -0.0% |
| 1978 | 71.3% | +1.9% |
| 1979 | 72.8% | +2.2% |
| 1980 | 72.1% | -1.1% |
| 1981 | 73.8% | +2.4% |
| 1982 | 75.7% | +2.7% |
| 1983 | 75.9% | +0.2% |
| 1984 | 75.9% | +0.1% |
| 1985 | 78.1% | +2.8% |
| 1986 | 76.8% | -1.7% |
| 1987 | 79.4% | +3.4% |
| 1988 | 79.1% | -0.3% |
| 1989 | 78.0% | -1.4% |
| 1990 | 78.8% | +1.0% |
| 1991 | 80.2% | +1.9% |
| 1992 | 81.0% | +1.0% |
| 1993 | 79.0% | -2.5% |
| 1994 | 77.9% | -1.4% |
| 1995 | 79.1% | +1.5% |
| 1996 | 79.5% | +0.5% |
| 1997 | 78.2% | -1.6% |
| 1998 | 78.8% | +0.8% |
| 1999 | 81.2% | +3.0% |
| 2000 | 82.2% | +1.2% |
| 2001 | 78.2% | -4.9% |
| 2002 | 78.9% | +0.9% |
| 2003 | 81.8% | +3.7% |
| 2004 | 81.0% | -1.0% |
| 2005 | 82.4% | +1.8% |
| 2006 | 80.6% | -2.2% |
| 2007 | 79.2% | -1.7% |
| 2008 | 76.2% | -3.8% |
| 2009 | 77.2% | +1.4% |
| 2010 | 76.4% | -1.1% |
| 2011 | 76.9% | +0.7% |
| 2012 | 78.2% | +1.7% |
| 2013 | 77.0% | -1.5% |
| 2014 | 76.4% | -0.8% |
| 2015 | 73.0% | -4.4% |
| 2016 | 72.0% | -1.5% |
| 2017 | 73.4% | +2.0% |
| 2018 | 73.8% | +0.5% |
| 2019 | 74.2% | +0.5% |
| 2020 | 79.3% | +7.0% |
| 2021 | 78.7% | -0.8% |
| 2022 | 75.3% | -4.3% |
| 2023 | 73.9% | -1.9% |
| 2024 | 75.0% | +1.6% |
| 2025 | 75.7% | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 71.4% | 68.8% | 72.8% | 10 |
| 1980s | 76.5% | 72.1% | 79.4% | 10 |
| 1990s | 79.4% | 77.9% | 81.2% | 10 |
| 2000s | 79.8% | 76.2% | 82.4% | 10 |
| 2010s | 75.1% | 72.0% | 78.2% | 10 |
| 2020s | 76.3% | 73.9% | 79.3% | 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)
- Services, value added (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
Frequently asked questions
- What is final consumption expenditure in Iceland?
- Final consumption expenditure in Iceland was 75.7% 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 82.4% in 2005.
- What is the lowest final consumption expenditure recorded in Iceland?
- The lowest recorded value was 68.8% in 1973.
- How does Iceland rank for final consumption expenditure?
- Iceland ranks 116th out of 187 countries with data for 2025.
- Is final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 3.6%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.