General government final consumption expenditure (constant 2015 US$) in Iceland
Iceland: General government final consumption expenditure (constant 2015 US$) was 0.1418 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile
General government final consumption expenditure (constant 2015 US$) in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for general government final consumption expenditure (constant 2015 us$) in Iceland is 0.1418 constant 2015 US$ per US$ of GDP, measured in 2025. That is the lowest value across all 56 years on record.
That represents a change of down 12.9% on the previous year and down 40.6% over ten years.
Over the whole period, general government final consumption expenditure (constant 2015 us$) in Iceland peaked at 1.56 constant 2015 US$ per US$ of GDP in 1970 and was at its lowest, 0.1418 constant 2015 US$ per US$ of GDP, in 2025.
Iceland ranks 63rd of 168 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 (constant 2015 US$) in Iceland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 1.56 constant 2015 US$ per US$ of GDP | — |
| 1971 | 1.32 constant 2015 US$ per US$ of GDP | -15.4% |
| 1972 | 1.21 constant 2015 US$ per US$ of GDP | -8.6% |
| 1973 | 0.951 constant 2015 US$ per US$ of GDP | -21.1% |
| 1974 | 0.7859 constant 2015 US$ per US$ of GDP | -17.4% |
| 1975 | 0.9255 constant 2015 US$ per US$ of GDP | +17.8% |
| 1976 | 0.819 constant 2015 US$ per US$ of GDP | -11.5% |
| 1977 | 0.6325 constant 2015 US$ per US$ of GDP | -22.8% |
| 1978 | 0.5957 constant 2015 US$ per US$ of GDP | -5.8% |
| 1979 | 0.5531 constant 2015 US$ per US$ of GDP | -7.1% |
| 1980 | 0.4766 constant 2015 US$ per US$ of GDP | -13.8% |
| 1981 | 0.4959 constant 2015 US$ per US$ of GDP | +4.1% |
| 1982 | 0.5723 constant 2015 US$ per US$ of GDP | +15.4% |
| 1983 | 0.6945 constant 2015 US$ per US$ of GDP | +21.4% |
| 1984 | 0.6746 constant 2015 US$ per US$ of GDP | -2.9% |
| 1985 | 0.6895 constant 2015 US$ per US$ of GDP | +2.2% |
| 1986 | 0.5532 constant 2015 US$ per US$ of GDP | -19.8% |
| 1987 | 0.4259 constant 2015 US$ per US$ of GDP | -23.0% |
| 1988 | 0.403 constant 2015 US$ per US$ of GDP | -5.4% |
| 1989 | 0.4469 constant 2015 US$ per US$ of GDP | +10.9% |
| 1990 | 0.4089 constant 2015 US$ per US$ of GDP | -8.5% |
| 1991 | 0.3949 constant 2015 US$ per US$ of GDP | -3.4% |
| 1992 | 0.3829 constant 2015 US$ per US$ of GDP | -3.0% |
| 1993 | 0.4467 constant 2015 US$ per US$ of GDP | +16.7% |
| 1994 | 0.4523 constant 2015 US$ per US$ of GDP | +1.3% |
| 1995 | 0.4124 constant 2015 US$ per US$ of GDP | -8.8% |
| 1996 | 0.4003 constant 2015 US$ per US$ of GDP | -3.0% |
| 1997 | 0.3833 constant 2015 US$ per US$ of GDP | -4.2% |
| 1998 | 0.3544 constant 2015 US$ per US$ of GDP | -7.5% |
| 1999 | 0.3505 constant 2015 US$ per US$ of GDP | -1.1% |
| 2000 | 0.3664 constant 2015 US$ per US$ of GDP | +4.5% |
| 2001 | 0.4207 constant 2015 US$ per US$ of GDP | +14.8% |
| 2002 | 0.3917 constant 2015 US$ per US$ of GDP | -6.9% |
| 2003 | 0.3242 constant 2015 US$ per US$ of GDP | -17.2% |
| 2004 | 0.2742 constant 2015 US$ per US$ of GDP | -15.4% |
| 2005 | 0.2339 constant 2015 US$ per US$ of GDP | -14.7% |
| 2006 | 0.2373 constant 2015 US$ per US$ of GDP | +1.4% |
| 2007 | 0.1988 constant 2015 US$ per US$ of GDP | -16.2% |
| 2008 | 0.2506 constant 2015 US$ per US$ of GDP | +26.1% |
| 2009 | 0.3351 constant 2015 US$ per US$ of GDP | +33.7% |
| 2010 | 0.3086 constant 2015 US$ per US$ of GDP | -7.9% |
| 2011 | 0.2786 constant 2015 US$ per US$ of GDP | -9.7% |
| 2012 | 0.2817 constant 2015 US$ per US$ of GDP | +1.1% |
| 2013 | 0.2605 constant 2015 US$ per US$ of GDP | -7.5% |
| 2014 | 0.234 constant 2015 US$ per US$ of GDP | -10.2% |
| 2015 | 0.2386 constant 2015 US$ per US$ of GDP | +2.0% |
| 2016 | 0.2024 constant 2015 US$ per US$ of GDP | -15.2% |
| 2017 | 0.175 constant 2015 US$ per US$ of GDP | -13.5% |
| 2018 | 0.1714 constant 2015 US$ per US$ of GDP | -2.1% |
| 2019 | 0.1899 constant 2015 US$ per US$ of GDP | +10.8% |
| 2020 | 0.2258 constant 2015 US$ per US$ of GDP | +18.9% |
| 2021 | 0.1943 constant 2015 US$ per US$ of GDP | -14.0% |
| 2022 | 0.1777 constant 2015 US$ per US$ of GDP | -8.5% |
| 2023 | 0.1676 constant 2015 US$ per US$ of GDP | -5.7% |
| 2024 | 0.1629 constant 2015 US$ per US$ of GDP | -2.8% |
| 2025 | 0.1418 constant 2015 US$ per US$ of GDP | -12.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9345 constant 2015 US$ per US$ of GDP | 0.5531 constant 2015 US$ per US$ of GDP | 1.56 constant 2015 US$ per US$ of GDP | 10 |
| 1980s | 0.5432 constant 2015 US$ per US$ of GDP | 0.403 constant 2015 US$ per US$ of GDP | 0.6945 constant 2015 US$ per US$ of GDP | 10 |
| 1990s | 0.3987 constant 2015 US$ per US$ of GDP | 0.3505 constant 2015 US$ per US$ of GDP | 0.4523 constant 2015 US$ per US$ of GDP | 10 |
| 2000s | 0.3033 constant 2015 US$ per US$ of GDP | 0.1988 constant 2015 US$ per US$ of GDP | 0.4207 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.2341 constant 2015 US$ per US$ of GDP | 0.1714 constant 2015 US$ per US$ of GDP | 0.3086 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.1784 constant 2015 US$ per US$ of GDP | 0.1418 constant 2015 US$ per US$ of GDP | 0.2258 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 60 Vanuatu 0.1467 constant 2015 US$ per US$ of GDP compare
- 61 Philippines 0.1442 constant 2015 US$ per US$ of GDP compare
- 62 Bahrain 0.1428 constant 2015 US$ per US$ of GDP compare
- 64 Luxembourg 0.1398 constant 2015 US$ per US$ of GDP compare
- 65 Samoa 0.1391 constant 2015 US$ per US$ of GDP compare
- 66 Burkina Faso 0.139 constant 2015 US$ per US$ of GDP 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 0.1418 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (constant 2015 us$) recorded in Iceland?
- The highest recorded value was 1.56 constant 2015 US$ per US$ of GDP in 1970.
- What is the lowest general government final consumption expenditure (constant 2015 us$) recorded in Iceland?
- The lowest recorded value was 0.1418 constant 2015 US$ per US$ of GDP in 2025.
- How does Iceland rank for general government final consumption expenditure (constant 2015 us$)?
- Iceland ranks 63rd out of 168 countries with data for 2025.
- Is general government final consumption expenditure (constant 2015 us$) rising or falling in Iceland?
- Over the last ten years it is down 40.6%. 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 General government final consumption expenditure (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
General government final consumption expenditure (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
General government final consumption expenditure (constant 2015 US$) ÷ GDP (current US$)
Computed from
- General government final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
General government final consumption expenditure (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.