General government final consumption expenditure (constant LCU), per in Iceland
Iceland: General government final consumption expenditure (constant LCU), per was 2.35 million constant LCU per person in 2025. ▲ Rising
Latest (2025)
2.35 million constant LCU per person
Change on year
down 0.3%
World rank
7th
of 176 countries
All-time high
2.43 million constant LCU per person
in 2008
All-time low
700,300 constant LCU per person
in 1970
Years of data
56
1970–2025
General government final consumption expenditure (constant LCU), per in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant LCU per person.
Analysis
In 2025, general government final consumption expenditure (constant lcu), per in Iceland stood at 2.35 million constant LCU per person.
Compared with earlier readings it 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 lcu), per in Iceland peaked at 2.43 million constant LCU per person in 2008 and was at its lowest, 700,300 constant LCU per person, in 1970.
That places Iceland 7th out of 176 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 LCU), per in Iceland, year by year
| Year | constant LCU per person | Change |
|---|---|---|
| 1970 | 700,300 constant LCU per person | — |
| 1971 | 747,499 constant LCU per person | +6.7% |
| 1972 | 843,538 constant LCU per person | +12.8% |
| 1973 | 901,487 constant LCU per person | +6.9% |
| 1974 | 964,751 constant LCU per person | +7.0% |
| 1975 | 1.04 million constant LCU per person | +7.9% |
| 1976 | 1.08 million constant LCU per person | +4.0% |
| 1977 | 1.10 million constant LCU per person | +1.4% |
| 1978 | 1.17 million constant LCU per person | +6.3% |
| 1979 | 1.22 million constant LCU per person | +4.5% |
| 1980 | 1.23 million constant LCU per person | +1.0% |
| 1981 | 1.31 million constant LCU per person | +6.3% |
| 1982 | 1.37 million constant LCU per person | +4.5% |
| 1983 | 1.41 million constant LCU per person | +3.3% |
| 1984 | 1.41 million constant LCU per person | -0.5% |
| 1985 | 1.49 million constant LCU per person | +5.7% |
| 1986 | 1.58 million constant LCU per person | +6.5% |
| 1987 | 1.67 million constant LCU per person | +5.4% |
| 1988 | 1.72 million constant LCU per person | +3.0% |
| 1989 | 1.75 million constant LCU per person | +1.7% |
| 1990 | 1.81 million constant LCU per person | +3.5% |
| 1991 | 1.85 million constant LCU per person | +2.0% |
| 1992 | 1.81 million constant LCU per person | -1.9% |
| 1993 | 1.84 million constant LCU per person | +1.4% |
| 1994 | 1.89 million constant LCU per person | +3.1% |
| 1995 | 1.92 million constant LCU per person | +1.1% |
| 1996 | 1.93 million constant LCU per person | +0.6% |
| 1997 | 1.84 million constant LCU per person | -4.6% |
| 1998 | 1.88 million constant LCU per person | +2.4% |
| 1999 | 1.94 million constant LCU per person | +3.0% |
| 2000 | 2.01 million constant LCU per person | +3.5% |
| 2001 | 2.07 million constant LCU per person | +3.2% |
| 2002 | 2.16 million constant LCU per person | +4.4% |
| 2003 | 2.18 million constant LCU per person | +1.0% |
| 2004 | 2.21 million constant LCU per person | +1.2% |
| 2005 | 2.28 million constant LCU per person | +3.1% |
| 2006 | 2.33 million constant LCU per person | +2.1% |
| 2007 | 2.36 million constant LCU per person | +1.5% |
| 2008 | 2.43 million constant LCU per person | +2.8% |
| 2009 | 2.34 million constant LCU per person | -3.5% |
| 2010 | 2.28 million constant LCU per person | -2.8% |
| 2011 | 2.26 million constant LCU per person | -0.5% |
| 2012 | 2.21 million constant LCU per person | -2.4% |
| 2013 | 2.20 million constant LCU per person | -0.4% |
| 2014 | 2.17 million constant LCU per person | -1.3% |
| 2015 | 2.15 million constant LCU per person | -1.0% |
| 2016 | 2.14 million constant LCU per person | -0.4% |
| 2017 | 2.15 million constant LCU per person | +0.4% |
| 2018 | 2.18 million constant LCU per person | +1.5% |
| 2019 | 2.22 million constant LCU per person | +1.5% |
| 2020 | 2.29 million constant LCU per person | +3.2% |
| 2021 | 2.31 million constant LCU per person | +0.8% |
| 2022 | 2.29 million constant LCU per person | -0.8% |
| 2023 | 2.32 million constant LCU per person | +1.5% |
| 2024 | 2.36 million constant LCU per person | +1.5% |
| 2025 | 2.35 million constant LCU per person | -0.3% |
Iceland compared with similar countries
- Iceland's 2.35 million constant LCU per person is above the median for high income countries, which is 10,634 constant LCU per person, 220.9× the median. (61 countries reporting)
- Iceland's 2.35 million constant LCU per person is above the median for Europe & Central Asia, which is 9,903 constant LCU per person, 237.2× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 976,590 constant LCU per person | 700,300 constant LCU per person | 1.22 million constant LCU per person | 10 |
| 1980s | 1.49 million constant LCU per person | 1.23 million constant LCU per person | 1.75 million constant LCU per person | 10 |
| 1990s | 1.87 million constant LCU per person | 1.81 million constant LCU per person | 1.94 million constant LCU per person | 10 |
| 2000s | 2.24 million constant LCU per person | 2.01 million constant LCU per person | 2.43 million constant LCU per person | 10 |
| 2010s | 2.20 million constant LCU per person | 2.14 million constant LCU per person | 2.28 million constant LCU per person | 10 |
| 2020s | 2.32 million constant LCU per person | 2.29 million constant LCU per person | 2.36 million constant LCU per person | 6 |
Countries ranked near Iceland
- 4 Paraguay 3.82 million constant LCU per person compare
- 5 Indonesia 3.44 million constant LCU per person compare
- 6 Colombia 3.20 million constant LCU per person compare
- 8 Laos 2.20 million constant LCU per person compare
- 9 Chile 1.81 million constant LCU per person compare
- 10 Mongolia 1.77 million constant LCU 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)
- 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 lcu), per in Iceland?
- General government final consumption expenditure (constant lcu), per in Iceland was 2.35 million constant LCU per person in 2025, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (constant lcu), per recorded in Iceland?
- The highest recorded value was 2.43 million constant LCU per person in 2008.
- What is the lowest general government final consumption expenditure (constant lcu), per recorded in Iceland?
- The lowest recorded value was 700,300 constant LCU per person in 1970.
- How does Iceland rank for general government final consumption expenditure (constant lcu), per?
- Iceland ranks 7th out of 176 countries with data for 2025.
- Is general government final consumption expenditure (constant lcu), per 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 LCU), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 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 LCU) 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 LCU) ÷ 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 LCU) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.