General government final consumption expenditure (constant 2015 US$) in Iceland
Iceland: General government final consumption expenditure (constant 2015 US$) was 13,945 constant 2015 US$ per person in 2025. ▲ Rising
General government final consumption expenditure (constant 2015 US$) in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
Iceland recorded 13,945 constant 2015 US$ per person for general government final consumption expenditure (constant 2015 us$) in 2025.
The figure is down 0.3% on the previous year and up 9.2% over ten years.
Over the whole period, general government final consumption expenditure (constant 2015 us$) in Iceland peaked at 14,407 constant 2015 US$ per person in 2008 and was at its lowest, 4,157 constant 2015 US$ per person, in 1970.
That places Iceland 5th out of 168 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 56 years of available data.
General government final consumption expenditure (constant 2015 US$) in Iceland, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1970 | 4,157 constant 2015 US$ per person | — |
| 1971 | 4,437 constant 2015 US$ per person | +6.7% |
| 1972 | 5,007 constant 2015 US$ per person | +12.8% |
| 1973 | 5,351 constant 2015 US$ per person | +6.9% |
| 1974 | 5,727 constant 2015 US$ per person | +7.0% |
| 1975 | 6,182 constant 2015 US$ per person | +7.9% |
| 1976 | 6,428 constant 2015 US$ per person | +4.0% |
| 1977 | 6,518 constant 2015 US$ per person | +1.4% |
| 1978 | 6,928 constant 2015 US$ per person | +6.3% |
| 1979 | 7,236 constant 2015 US$ per person | +4.5% |
| 1980 | 7,311 constant 2015 US$ per person | +1.0% |
| 1981 | 7,769 constant 2015 US$ per person | +6.3% |
| 1982 | 8,121 constant 2015 US$ per person | +4.5% |
| 1983 | 8,390 constant 2015 US$ per person | +3.3% |
| 1984 | 8,349 constant 2015 US$ per person | -0.5% |
| 1985 | 8,822 constant 2015 US$ per person | +5.7% |
| 1986 | 9,392 constant 2015 US$ per person | +6.5% |
| 1987 | 9,897 constant 2015 US$ per person | +5.4% |
| 1988 | 10,198 constant 2015 US$ per person | +3.0% |
| 1989 | 10,376 constant 2015 US$ per person | +1.7% |
| 1990 | 10,743 constant 2015 US$ per person | +3.5% |
| 1991 | 10,954 constant 2015 US$ per person | +2.0% |
| 1992 | 10,749 constant 2015 US$ per person | -1.9% |
| 1993 | 10,901 constant 2015 US$ per person | +1.4% |
| 1994 | 11,244 constant 2015 US$ per person | +3.1% |
| 1995 | 11,369 constant 2015 US$ per person | +1.1% |
| 1996 | 11,441 constant 2015 US$ per person | +0.6% |
| 1997 | 10,910 constant 2015 US$ per person | -4.6% |
| 1998 | 11,171 constant 2015 US$ per person | +2.4% |
| 1999 | 11,507 constant 2015 US$ per person | +3.0% |
| 2000 | 11,909 constant 2015 US$ per person | +3.5% |
| 2001 | 12,289 constant 2015 US$ per person | +3.2% |
| 2002 | 12,829 constant 2015 US$ per person | +4.4% |
| 2003 | 12,951 constant 2015 US$ per person | +1.0% |
| 2004 | 13,112 constant 2015 US$ per person | +1.2% |
| 2005 | 13,518 constant 2015 US$ per person | +3.1% |
| 2006 | 13,806 constant 2015 US$ per person | +2.1% |
| 2007 | 14,010 constant 2015 US$ per person | +1.5% |
| 2008 | 14,407 constant 2015 US$ per person | +2.8% |
| 2009 | 13,900 constant 2015 US$ per person | -3.5% |
| 2010 | 13,510 constant 2015 US$ per person | -2.8% |
| 2011 | 13,443 constant 2015 US$ per person | -0.5% |
| 2012 | 13,124 constant 2015 US$ per person | -2.4% |
| 2013 | 13,068 constant 2015 US$ per person | -0.4% |
| 2014 | 12,902 constant 2015 US$ per person | -1.3% |
| 2015 | 12,767 constant 2015 US$ per person | -1.0% |
| 2016 | 12,721 constant 2015 US$ per person | -0.4% |
| 2017 | 12,769 constant 2015 US$ per person | +0.4% |
| 2018 | 12,961 constant 2015 US$ per person | +1.5% |
| 2019 | 13,161 constant 2015 US$ per person | +1.5% |
| 2020 | 13,578 constant 2015 US$ per person | +3.2% |
| 2021 | 13,684 constant 2015 US$ per person | +0.8% |
| 2022 | 13,575 constant 2015 US$ per person | -0.8% |
| 2023 | 13,774 constant 2015 US$ per person | +1.5% |
| 2024 | 13,985 constant 2015 US$ per person | +1.5% |
| 2025 | 13,945 constant 2015 US$ per person | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,797 constant 2015 US$ per person | 4,157 constant 2015 US$ per person | 7,236 constant 2015 US$ per person | 10 |
| 1980s | 8,862 constant 2015 US$ per person | 7,311 constant 2015 US$ per person | 10,376 constant 2015 US$ per person | 10 |
| 1990s | 11,099 constant 2015 US$ per person | 10,743 constant 2015 US$ per person | 11,507 constant 2015 US$ per person | 10 |
| 2000s | 13,273 constant 2015 US$ per person | 11,909 constant 2015 US$ per person | 14,407 constant 2015 US$ per person | 10 |
| 2010s | 13,043 constant 2015 US$ per person | 12,721 constant 2015 US$ per person | 13,510 constant 2015 US$ per person | 10 |
| 2020s | 13,757 constant 2015 US$ per person | 13,575 constant 2015 US$ per person | 13,985 constant 2015 US$ per person | 6 |
Countries ranked near Iceland
- 2 Luxembourg 20,590 constant 2015 US$ per person compare
- 3 Norway 19,662 constant 2015 US$ per person compare
- 4 Australia 15,167 constant 2015 US$ per person compare
- 6 Denmark 13,611 constant 2015 US$ per person compare
- 7 Sweden 13,546 constant 2015 US$ per person compare
- 8 Netherlands 13,377 constant 2015 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)
- Total reserves minus gold (current US$), annual growth rate 19.51 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1932 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 18,994 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.88 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 25,628 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.82 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 33.48 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is general government final consumption expenditure (constant 2015 us$) in Iceland?
- General government final consumption expenditure (constant 2015 us$) in Iceland was 13,945 constant 2015 US$ per person in 2025, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (constant 2015 us$) recorded in Iceland?
- The highest recorded value was 14,407 constant 2015 US$ per person in 2008.
- What is the lowest general government final consumption expenditure (constant 2015 us$) recorded in Iceland?
- The lowest recorded value was 4,157 constant 2015 US$ per person in 1970.
- How does Iceland rank for general government final consumption expenditure (constant 2015 us$)?
- Iceland ranks 5th out of 168 countries with data for 2025.
- Is general government final consumption expenditure (constant 2015 us$) rising or falling in Iceland?
- Over the last ten years it is up 9.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of General government final consumption expenditure (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
General government final consumption expenditure (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
General government final consumption expenditure (constant 2015 US$) ÷ Population, total
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
General government final consumption expenditure (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.