General government final consumption expenditure in Iceland
Iceland: General government final consumption expenditure was 1.2% in 2025. ◆ Volatile
General government final consumption expenditure in Iceland, 1971–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2025, general government final consumption expenditure in Iceland stood at 1.2%.
Compared with earlier readings it is down 29.5% on the previous year and up 10,554.0% over ten years.
Over the whole period, general government final consumption expenditure in Iceland peaked at 14.5% in 1972 and was at its lowest, -3.9%, in 1997.
Iceland ranks 116th of 173 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.
General government final consumption expenditure in Iceland, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 7.6% | — |
| 1972 | 14.5% | +90.8% |
| 1973 | 8.5% | -41.5% |
| 1974 | 8.5% | -0.2% |
| 1975 | 9.3% | +10.1% |
| 1976 | 5.0% | -46.2% |
| 1977 | 2.2% | -57.0% |
| 1978 | 7.1% | +229.3% |
| 1979 | 5.5% | -22.9% |
| 1980 | 2.1% | -61.5% |
| 1981 | 7.5% | +255.0% |
| 1982 | 5.9% | -20.7% |
| 1983 | 4.7% | -21.1% |
| 1984 | 0.6% | -87.6% |
| 1985 | 6.5% | +1013.5% |
| 1986 | 7.3% | +11.7% |
| 1987 | 6.5% | -9.8% |
| 1988 | 4.7% | -28.8% |
| 1989 | 3.0% | -35.3% |
| 1990 | 4.4% | +44.4% |
| 1991 | 3.2% | -27.5% |
| 1992 | -0.6% | -120.1% |
| 1993 | 2.5% | -486.0% |
| 1994 | 4.0% | +65.0% |
| 1995 | 1.7% | -59.0% |
| 1996 | 1.2% | -28.8% |
| 1997 | -3.9% | -426.8% |
| 1998 | 3.5% | -190.5% |
| 1999 | 4.3% | +21.9% |
| 2000 | 4.9% | +15.4% |
| 2001 | 4.6% | -7.0% |
| 2002 | 5.3% | +16.5% |
| 2003 | 1.7% | -69.0% |
| 2004 | 2.1% | +29.0% |
| 2005 | 4.7% | +122.7% |
| 2006 | 4.6% | -4.1% |
| 2007 | 4.1% | -10.5% |
| 2008 | 4.8% | +16.8% |
| 2009 | -3.2% | -167.0% |
| 2010 | -2.9% | -7.7% |
| 2011 | -0.2% | -93.6% |
| 2012 | -1.8% | +887.9% |
| 2013 | 0.5% | -128.1% |
| 2014 | -0.2% | -132.5% |
| 2015 | -0.0% | -93.0% |
| 2016 | 1.0% | -8816.6% |
| 2017 | 2.8% | +168.5% |
| 2018 | 4.3% | +53.8% |
| 2019 | 3.8% | -10.6% |
| 2020 | 4.9% | +27.8% |
| 2021 | 2.5% | -49.5% |
| 2022 | 1.7% | -29.5% |
| 2023 | 2.4% | +41.0% |
| 2024 | 1.8% | -28.1% |
| 2025 | 1.2% | -29.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.6% | 2.2% | 14.5% | 9 |
| 1980s | 4.9% | 0.6% | 7.5% | 10 |
| 1990s | 2.0% | -3.9% | 4.4% | 10 |
| 2000s | 3.4% | -3.2% | 5.3% | 10 |
| 2010s | 0.7% | -2.9% | 4.3% | 10 |
| 2020s | 2.4% | 1.2% | 4.9% | 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)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is general government final consumption expenditure in Iceland?
- General government final consumption expenditure in Iceland was 1.2% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Iceland?
- The highest recorded value was 14.5% in 1972.
- What is the lowest general government final consumption expenditure recorded in Iceland?
- The lowest recorded value was -3.9% in 1997.
- How does Iceland rank for general government final consumption expenditure?
- Iceland ranks 116th out of 173 countries with data for 2025.
- Is general government final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 10,554.0%. 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 General government final consumption expenditure (annual % growth). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.