General government final consumption expenditure in Iceland
Iceland: General government final consumption expenditure was 921.81 billion constant LCU in 2025. ▲ Rising
General government final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iceland recorded 921.81 billion constant LCU for general government final consumption expenditure in 2025. That is the highest value across all 56 years on record.
The figure is up 1.2% on the previous year and up 29.6% over ten years.
Over the whole period, general government final consumption expenditure in Iceland peaked at 921.81 billion constant LCU in 2025 and was at its lowest, 143.17 billion constant LCU, in 1970.
That places Iceland 52nd out of 175 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
General government final consumption expenditure in Iceland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 143.17 billion constant LCU | — |
| 1971 | 154.06 billion constant LCU | +7.6% |
| 1972 | 176.41 billion constant LCU | +14.5% |
| 1973 | 191.40 billion constant LCU | +8.5% |
| 1974 | 207.62 billion constant LCU | +8.5% |
| 1975 | 227.00 billion constant LCU | +9.3% |
| 1976 | 238.40 billion constant LCU | +5.0% |
| 1977 | 243.55 billion constant LCU | +2.2% |
| 1978 | 260.87 billion constant LCU | +7.1% |
| 1979 | 275.17 billion constant LCU | +5.5% |
| 1980 | 280.97 billion constant LCU | +2.1% |
| 1981 | 302.01 billion constant LCU | +7.5% |
| 1982 | 319.94 billion constant LCU | +5.9% |
| 1983 | 334.93 billion constant LCU | +4.7% |
| 1984 | 336.88 billion constant LCU | +0.6% |
| 1985 | 358.75 billion constant LCU | +6.5% |
| 1986 | 384.76 billion constant LCU | +7.3% |
| 1987 | 409.93 billion constant LCU | +6.5% |
| 1988 | 429.02 billion constant LCU | +4.7% |
| 1989 | 441.95 billion constant LCU | +3.0% |
| 1990 | 461.18 billion constant LCU | +4.4% |
| 1991 | 475.73 billion constant LCU | +3.2% |
| 1992 | 472.70 billion constant LCU | -0.6% |
| 1993 | 484.29 billion constant LCU | +2.5% |
| 1994 | 503.88 billion constant LCU | +4.0% |
| 1995 | 512.25 billion constant LCU | +1.7% |
| 1996 | 518.30 billion constant LCU | +1.2% |
| 1997 | 498.29 billion constant LCU | -3.9% |
| 1998 | 515.71 billion constant LCU | +3.5% |
| 1999 | 537.69 billion constant LCU | +4.3% |
| 2000 | 564.14 billion constant LCU | +4.9% |
| 2001 | 589.95 billion constant LCU | +4.6% |
| 2002 | 621.39 billion constant LCU | +5.3% |
| 2003 | 631.65 billion constant LCU | +1.7% |
| 2004 | 645.12 billion constant LCU | +2.1% |
| 2005 | 675.75 billion constant LCU | +4.7% |
| 2006 | 706.54 billion constant LCU | +4.6% |
| 2007 | 735.35 billion constant LCU | +4.1% |
| 2008 | 770.38 billion constant LCU | +4.8% |
| 2009 | 745.78 billion constant LCU | -3.2% |
| 2010 | 723.80 billion constant LCU | -2.9% |
| 2011 | 722.45 billion constant LCU | -0.2% |
| 2012 | 709.08 billion constant LCU | -1.8% |
| 2013 | 712.77 billion constant LCU | +0.5% |
| 2014 | 711.57 billion constant LCU | -0.2% |
| 2015 | 711.48 billion constant LCU | -0.0% |
| 2016 | 718.81 billion constant LCU | +1.0% |
| 2017 | 738.70 billion constant LCU | +2.8% |
| 2018 | 770.12 billion constant LCU | +4.3% |
| 2019 | 799.38 billion constant LCU | +3.8% |
| 2020 | 838.20 billion constant LCU | +4.9% |
| 2021 | 858.75 billion constant LCU | +2.5% |
| 2022 | 873.59 billion constant LCU | +1.7% |
| 2023 | 894.88 billion constant LCU | +2.4% |
| 2024 | 910.56 billion constant LCU | +1.8% |
| 2025 | 921.81 billion constant LCU | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 211.77 billion constant LCU | 143.17 billion constant LCU | 275.17 billion constant LCU | 10 |
| 1980s | 359.91 billion constant LCU | 280.97 billion constant LCU | 441.95 billion constant LCU | 10 |
| 1990s | 498.00 billion constant LCU | 461.18 billion constant LCU | 537.69 billion constant LCU | 10 |
| 2000s | 668.61 billion constant LCU | 564.14 billion constant LCU | 770.38 billion constant LCU | 10 |
| 2010s | 731.82 billion constant LCU | 709.08 billion constant LCU | 799.38 billion constant LCU | 10 |
| 2020s | 882.97 billion constant LCU | 838.20 billion constant LCU | 921.81 billion constant LCU | 6 |
Countries ranked near Iceland
- 49 Gabon 992.10 billion constant LCU compare
- 50 Congo, Democratic Republic of the 964.72 billion constant LCU compare
- 51 Saudi Arabia 951.48 billion constant LCU compare
- 53 South Africa 913.14 billion constant LCU compare
- 54 Brazil 861.48 billion constant LCU compare
- 55 Germany 827.49 billion constant LCU 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)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 23,906 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.36 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 31.23 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 3.07 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is general government final consumption expenditure in Iceland?
- General government final consumption expenditure in Iceland was 921.81 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Iceland?
- The highest recorded value was 921.81 billion constant LCU in 2025.
- What is the lowest general government final consumption expenditure recorded in Iceland?
- The lowest recorded value was 143.17 billion constant LCU in 1970.
- How does Iceland rank for general government final consumption expenditure?
- Iceland ranks 52nd out of 175 countries with data for 2025.
- Is general government final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 29.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of General government final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.