General government final consumption expenditure (constant LCU), per in Iceland
Iceland: General government final consumption expenditure (constant LCU), per was 23.89 constant LCU per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
23.89 constant LCU per US$ of GDP
Change on year
down 12.9%
World rank
42nd
of 176 countries
All-time high
262.64 constant LCU per US$ of GDP
in 1970
All-time low
23.89 constant LCU per US$ of GDP
in 2025
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 US$ of GDP.
Analysis
In 2025, general government final consumption expenditure (constant lcu), per in Iceland stood at 23.89 constant LCU per US$ of GDP. 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 lcu), per in Iceland peaked at 262.64 constant LCU per US$ of GDP in 1970 and was at its lowest, 23.89 constant LCU per US$ of GDP, in 2025.
Iceland ranks 42nd of 176 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure (constant LCU), per in Iceland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 262.64 constant LCU per US$ of GDP | — |
| 1971 | 222.09 constant LCU per US$ of GDP | -15.4% |
| 1972 | 203.01 constant LCU per US$ of GDP | -8.6% |
| 1973 | 160.2 constant LCU per US$ of GDP | -21.1% |
| 1974 | 132.4 constant LCU per US$ of GDP | -17.4% |
| 1975 | 155.9 constant LCU per US$ of GDP | +17.8% |
| 1976 | 137.97 constant LCU per US$ of GDP | -11.5% |
| 1977 | 106.55 constant LCU per US$ of GDP | -22.8% |
| 1978 | 100.35 constant LCU per US$ of GDP | -5.8% |
| 1979 | 93.18 constant LCU per US$ of GDP | -7.1% |
| 1980 | 80.29 constant LCU per US$ of GDP | -13.8% |
| 1981 | 83.54 constant LCU per US$ of GDP | +4.1% |
| 1982 | 96.4 constant LCU per US$ of GDP | +15.4% |
| 1983 | 117 constant LCU per US$ of GDP | +21.4% |
| 1984 | 113.64 constant LCU per US$ of GDP | -2.9% |
| 1985 | 116.16 constant LCU per US$ of GDP | +2.2% |
| 1986 | 93.18 constant LCU per US$ of GDP | -19.8% |
| 1987 | 71.75 constant LCU per US$ of GDP | -23.0% |
| 1988 | 67.88 constant LCU per US$ of GDP | -5.4% |
| 1989 | 75.28 constant LCU per US$ of GDP | +10.9% |
| 1990 | 68.89 constant LCU per US$ of GDP | -8.5% |
| 1991 | 66.52 constant LCU per US$ of GDP | -3.4% |
| 1992 | 64.5 constant LCU per US$ of GDP | -3.0% |
| 1993 | 75.25 constant LCU per US$ of GDP | +16.7% |
| 1994 | 76.2 constant LCU per US$ of GDP | +1.3% |
| 1995 | 69.48 constant LCU per US$ of GDP | -8.8% |
| 1996 | 67.43 constant LCU per US$ of GDP | -3.0% |
| 1997 | 64.57 constant LCU per US$ of GDP | -4.2% |
| 1998 | 59.7 constant LCU per US$ of GDP | -7.5% |
| 1999 | 59.04 constant LCU per US$ of GDP | -1.1% |
| 2000 | 61.72 constant LCU per US$ of GDP | +4.5% |
| 2001 | 70.88 constant LCU per US$ of GDP | +14.8% |
| 2002 | 65.99 constant LCU per US$ of GDP | -6.9% |
| 2003 | 54.62 constant LCU per US$ of GDP | -17.2% |
| 2004 | 46.2 constant LCU per US$ of GDP | -15.4% |
| 2005 | 39.41 constant LCU per US$ of GDP | -14.7% |
| 2006 | 39.98 constant LCU per US$ of GDP | +1.4% |
| 2007 | 33.49 constant LCU per US$ of GDP | -16.2% |
| 2008 | 42.22 constant LCU per US$ of GDP | +26.1% |
| 2009 | 56.44 constant LCU per US$ of GDP | +33.7% |
| 2010 | 51.99 constant LCU per US$ of GDP | -7.9% |
| 2011 | 46.93 constant LCU per US$ of GDP | -9.7% |
| 2012 | 47.45 constant LCU per US$ of GDP | +1.1% |
| 2013 | 43.88 constant LCU per US$ of GDP | -7.5% |
| 2014 | 39.42 constant LCU per US$ of GDP | -10.2% |
| 2015 | 40.2 constant LCU per US$ of GDP | +2.0% |
| 2016 | 34.09 constant LCU per US$ of GDP | -15.2% |
| 2017 | 29.48 constant LCU per US$ of GDP | -13.5% |
| 2018 | 28.87 constant LCU per US$ of GDP | -2.1% |
| 2019 | 31.99 constant LCU per US$ of GDP | +10.8% |
| 2020 | 38.04 constant LCU per US$ of GDP | +18.9% |
| 2021 | 32.73 constant LCU per US$ of GDP | -14.0% |
| 2022 | 29.94 constant LCU per US$ of GDP | -8.5% |
| 2023 | 28.23 constant LCU per US$ of GDP | -5.7% |
| 2024 | 27.44 constant LCU per US$ of GDP | -2.8% |
| 2025 | 23.89 constant LCU per US$ of GDP | -12.9% |
Iceland compared with similar countries
- Iceland's 23.89 constant LCU per US$ of GDP is above the median for high income countries, which is 0.1761 constant LCU per US$ of GDP, 135.7× the median. (61 countries reporting)
- Iceland's 23.89 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.181 constant LCU per US$ of GDP, 132.0× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 157.43 constant LCU per US$ of GDP | 93.18 constant LCU per US$ of GDP | 262.64 constant LCU per US$ of GDP | 10 |
| 1980s | 91.51 constant LCU per US$ of GDP | 67.88 constant LCU per US$ of GDP | 117 constant LCU per US$ of GDP | 10 |
| 1990s | 67.16 constant LCU per US$ of GDP | 59.04 constant LCU per US$ of GDP | 76.2 constant LCU per US$ of GDP | 10 |
| 2000s | 51.09 constant LCU per US$ of GDP | 33.49 constant LCU per US$ of GDP | 70.88 constant LCU per US$ of GDP | 10 |
| 2010s | 39.43 constant LCU per US$ of GDP | 28.87 constant LCU per US$ of GDP | 51.99 constant LCU per US$ of GDP | 10 |
| 2020s | 30.05 constant LCU per US$ of GDP | 23.89 constant LCU per US$ of GDP | 38.04 constant LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 39 Vanuatu 25.55 constant LCU per US$ of GDP compare
- 40 Djibouti 25.14 constant LCU per US$ of GDP compare
- 41 Angola 24.56 constant LCU per US$ of GDP compare
- 43 Congo 20.71 constant LCU per US$ of GDP compare
- 44 Armenia 19.39 constant LCU per US$ of GDP compare
- 45 Cape Verde 17.88 constant LCU 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is general government final consumption expenditure (constant lcu), per in Iceland?
- General government final consumption expenditure (constant lcu), per in Iceland was 23.89 constant LCU per US$ of GDP 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 262.64 constant LCU per US$ of GDP in 1970.
- What is the lowest general government final consumption expenditure (constant lcu), per recorded in Iceland?
- The lowest recorded value was 23.89 constant LCU per US$ of GDP in 2025.
- How does Iceland rank for general government final consumption expenditure (constant lcu), per?
- Iceland ranks 42nd 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 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 LCU), per unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
General government final consumption expenditure (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.