General government final consumption expenditure (constant 2015 US$) in Iceland
Iceland: General government final consumption expenditure (constant 2015 US$) was 52,684 constant 2015 US$ per square kilometre in 2023. ▲ Rising
Latest (2023)
52,684 constant 2015 US$ per square kilometre
Change on year
up 2.4%
World rank
95th
of 166 countries
All-time high
52,684 constant 2015 US$ per square kilometre
in 2023
All-time low
8,477 constant 2015 US$ per square kilometre
in 1970
Years of data
54
1970–2023
General government final consumption expenditure (constant 2015 US$) in Iceland, 1970–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per square kilometre.
Analysis
Iceland recorded 52,684 constant 2015 US$ per square kilometre for general government final consumption expenditure (constant 2015 us$) in 2023. That is the highest value across all 54 years on record.
That represents a change of up 2.4% on the previous year and up 24.8% over ten years.
Over the whole period, general government final consumption expenditure (constant 2015 us$) in Iceland peaked at 52,684 constant 2015 US$ per square kilometre in 2023 and was at its lowest, 8,477 constant 2015 US$ per square kilometre, in 1970.
That places Iceland 95th out of 166 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
General government final consumption expenditure (constant 2015 US$) in Iceland, year by year
| Year | constant 2015 US$ per square kilometre | Change |
|---|---|---|
| 1970 | 8,477 constant 2015 US$ per square kilometre | — |
| 1971 | 9,122 constant 2015 US$ per square kilometre | +7.6% |
| 1972 | 10,446 constant 2015 US$ per square kilometre | +14.5% |
| 1973 | 11,334 constant 2015 US$ per square kilometre | +8.5% |
| 1974 | 12,294 constant 2015 US$ per square kilometre | +8.5% |
| 1975 | 13,442 constant 2015 US$ per square kilometre | +9.3% |
| 1976 | 14,116 constant 2015 US$ per square kilometre | +5.0% |
| 1977 | 14,421 constant 2015 US$ per square kilometre | +2.2% |
| 1978 | 15,447 constant 2015 US$ per square kilometre | +7.1% |
| 1979 | 16,294 constant 2015 US$ per square kilometre | +5.5% |
| 1980 | 16,637 constant 2015 US$ per square kilometre | +2.1% |
| 1981 | 17,883 constant 2015 US$ per square kilometre | +7.5% |
| 1982 | 18,945 constant 2015 US$ per square kilometre | +5.9% |
| 1983 | 19,832 constant 2015 US$ per square kilometre | +4.7% |
| 1984 | 19,948 constant 2015 US$ per square kilometre | +0.6% |
| 1985 | 21,243 constant 2015 US$ per square kilometre | +6.5% |
| 1986 | 22,783 constant 2015 US$ per square kilometre | +7.3% |
| 1987 | 24,273 constant 2015 US$ per square kilometre | +6.5% |
| 1988 | 25,404 constant 2015 US$ per square kilometre | +4.7% |
| 1989 | 26,169 constant 2015 US$ per square kilometre | +3.0% |
| 1990 | 27,308 constant 2015 US$ per square kilometre | +4.4% |
| 1991 | 28,169 constant 2015 US$ per square kilometre | +3.2% |
| 1992 | 27,990 constant 2015 US$ per square kilometre | -0.6% |
| 1993 | 28,677 constant 2015 US$ per square kilometre | +2.5% |
| 1994 | 29,837 constant 2015 US$ per square kilometre | +4.0% |
| 1995 | 30,332 constant 2015 US$ per square kilometre | +1.7% |
| 1996 | 30,690 constant 2015 US$ per square kilometre | +1.2% |
| 1997 | 29,505 constant 2015 US$ per square kilometre | -3.9% |
| 1998 | 30,537 constant 2015 US$ per square kilometre | +3.5% |
| 1999 | 31,839 constant 2015 US$ per square kilometre | +4.3% |
| 2000 | 33,405 constant 2015 US$ per square kilometre | +4.9% |
| 2001 | 34,933 constant 2015 US$ per square kilometre | +4.6% |
| 2002 | 36,794 constant 2015 US$ per square kilometre | +5.3% |
| 2003 | 37,402 constant 2015 US$ per square kilometre | +1.7% |
| 2004 | 38,200 constant 2015 US$ per square kilometre | +2.1% |
| 2005 | 40,014 constant 2015 US$ per square kilometre | +4.7% |
| 2006 | 41,836 constant 2015 US$ per square kilometre | +4.6% |
| 2007 | 43,543 constant 2015 US$ per square kilometre | +4.1% |
| 2008 | 45,617 constant 2015 US$ per square kilometre | +4.8% |
| 2009 | 44,160 constant 2015 US$ per square kilometre | -3.2% |
| 2010 | 42,859 constant 2015 US$ per square kilometre | -2.9% |
| 2011 | 42,778 constant 2015 US$ per square kilometre | -0.2% |
| 2012 | 41,987 constant 2015 US$ per square kilometre | -1.8% |
| 2013 | 42,206 constant 2015 US$ per square kilometre | +0.5% |
| 2014 | 42,134 constant 2015 US$ per square kilometre | -0.2% |
| 2015 | 42,129 constant 2015 US$ per square kilometre | -0.0% |
| 2016 | 42,563 constant 2015 US$ per square kilometre | +1.0% |
| 2017 | 43,741 constant 2015 US$ per square kilometre | +2.8% |
| 2018 | 45,339 constant 2015 US$ per square kilometre | +3.7% |
| 2019 | 47,062 constant 2015 US$ per square kilometre | +3.8% |
| 2020 | 49,347 constant 2015 US$ per square kilometre | +4.9% |
| 2021 | 50,557 constant 2015 US$ per square kilometre | +2.5% |
| 2022 | 51,431 constant 2015 US$ per square kilometre | +1.7% |
| 2023 | 52,684 constant 2015 US$ per square kilometre | +2.4% |
Iceland compared with similar countries
- Iceland's 52,684 constant 2015 US$ per square kilometre is below the median for high income countries, which is 554,033 constant 2015 US$ per square kilometre, 10% of the median. (60 countries reporting)
- Iceland's 52,684 constant 2015 US$ per square kilometre is below the median for Europe & Central Asia, which is 242,148 constant 2015 US$ per square kilometre, 22% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,539 constant 2015 US$ per square kilometre | 8,477 constant 2015 US$ per square kilometre | 16,294 constant 2015 US$ per square kilometre | 10 |
| 1980s | 21,312 constant 2015 US$ per square kilometre | 16,637 constant 2015 US$ per square kilometre | 26,169 constant 2015 US$ per square kilometre | 10 |
| 1990s | 29,488 constant 2015 US$ per square kilometre | 27,308 constant 2015 US$ per square kilometre | 31,839 constant 2015 US$ per square kilometre | 10 |
| 2000s | 39,590 constant 2015 US$ per square kilometre | 33,405 constant 2015 US$ per square kilometre | 45,617 constant 2015 US$ per square kilometre | 10 |
| 2010s | 43,280 constant 2015 US$ per square kilometre | 41,987 constant 2015 US$ per square kilometre | 47,062 constant 2015 US$ per square kilometre | 10 |
| 2020s | 51,005 constant 2015 US$ per square kilometre | 49,347 constant 2015 US$ per square kilometre | 52,684 constant 2015 US$ per square kilometre | 4 |
Countries ranked near Iceland
- 92 Armenia 56,683 constant 2015 US$ per square kilometre compare
- 93 Tunisia 55,121 constant 2015 US$ per square kilometre compare
- 94 Eswatini 53,656 constant 2015 US$ per square kilometre compare
- 96 Colombia 52,228 constant 2015 US$ per square kilometre compare
- 97 Indonesia 51,318 constant 2015 US$ per square kilometre compare
- 98 Australia 50,156 constant 2015 US$ per square kilometre 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is general government final consumption expenditure (constant 2015 us$) in Iceland?
- General government final consumption expenditure (constant 2015 us$) in Iceland was 52,684 constant 2015 US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (constant 2015 us$) recorded in Iceland?
- The highest recorded value was 52,684 constant 2015 US$ per square kilometre in 2023.
- What is the lowest general government final consumption expenditure (constant 2015 us$) recorded in Iceland?
- The lowest recorded value was 8,477 constant 2015 US$ per square kilometre in 1970.
- How does Iceland rank for general government final consumption expenditure (constant 2015 us$)?
- Iceland ranks 95th out of 166 countries with data for 2023.
- Is general government final consumption expenditure (constant 2015 us$) rising or falling in Iceland?
- Over the last ten years it is up 24.8%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
General government final consumption expenditure (constant 2015 US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
General government final consumption expenditure (constant 2015 US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.