General government final consumption … current rate annual growth in Iceland
Iceland: General government final consumption … current rate annual growth was 8.82 % change on previous year in 2025. ◆ Volatile
General government final consumption expenditure (current LCU) in Iceland, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for general government final consumption expenditure (current lcu) in Iceland is 8.82 % change on previous year, measured in 2025.
Compared with earlier readings it is up 13.8% on the previous year and up 17.0% over ten years.
Over the whole period, general government final consumption expenditure (current lcu) in Iceland peaked at 74.24 % change on previous year in 1983 and was at its lowest, 0.1716 % change on previous year, in 1997.
That places Iceland 76th out of 185 countries with data for 2025, putting it 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 … current rate annual growth in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 31.51 % change on previous year | — |
| 1972 | 39.36 % change on previous year | +24.9% |
| 1973 | 35.93 % change on previous year | -8.7% |
| 1974 | 61.86 % change on previous year | +72.2% |
| 1975 | 46.12 % change on previous year | -25.5% |
| 1976 | 34.04 % change on previous year | -26.2% |
| 1977 | 45.47 % change on previous year | +33.6% |
| 1978 | 64.4 % change on previous year | +41.6% |
| 1979 | 52.55 % change on previous year | -18.4% |
| 1980 | 55.47 % change on previous year | +5.6% |
| 1981 | 58.34 % change on previous year | +5.2% |
| 1982 | 65.07 % change on previous year | +11.5% |
| 1983 | 74.24 % change on previous year | +14.1% |
| 1984 | 21.39 % change on previous year | -71.2% |
| 1985 | 43.79 % change on previous year | +104.7% |
| 1986 | 35.55 % change on previous year | -18.8% |
| 1987 | 36.02 % change on previous year | +1.3% |
| 1988 | 29.91 % change on previous year | -16.9% |
| 1989 | 19.23 % change on previous year | -35.7% |
| 1990 | 15.69 % change on previous year | -18.4% |
| 1991 | 11.63 % change on previous year | -25.9% |
| 1992 | 2.98 % change on previous year | -74.4% |
| 1993 | 5.6 % change on previous year | +87.8% |
| 1994 | 5.71 % change on previous year | +2.0% |
| 1995 | 5.47 % change on previous year | -4.3% |
| 1996 | 6.84 % change on previous year | +25.1% |
| 1997 | 0.1716 % change on previous year | -97.5% |
| 1998 | 12.93 % change on previous year | +7437.3% |
| 1999 | 10.75 % change on previous year | -16.9% |
| 2000 | 11.52 % change on previous year | +7.2% |
| 2001 | 13.26 % change on previous year | +15.1% |
| 2002 | 13.72 % change on previous year | +3.4% |
| 2003 | 5.41 % change on previous year | -60.6% |
| 2004 | 6.26 % change on previous year | +15.7% |
| 2005 | 9.93 % change on previous year | +58.7% |
| 2006 | 14.14 % change on previous year | +42.3% |
| 2007 | 11.04 % change on previous year | -21.9% |
| 2008 | 16.28 % change on previous year | +47.5% |
| 2009 | 6.61 % change on previous year | -59.4% |
| 2010 | 1.93 % change on previous year | -70.8% |
| 2011 | 5.13 % change on previous year | +165.2% |
| 2012 | 3.78 % change on previous year | -26.2% |
| 2013 | 4.65 % change on previous year | +23.0% |
| 2014 | 4.97 % change on previous year | +6.9% |
| 2015 | 7.53 % change on previous year | +51.6% |
| 2016 | 6.87 % change on previous year | -8.8% |
| 2017 | 7.83 % change on previous year | +14.0% |
| 2018 | 9.24 % change on previous year | +18.1% |
| 2019 | 8.36 % change on previous year | -9.5% |
| 2020 | 10.29 % change on previous year | +23.0% |
| 2021 | 9.09 % change on previous year | -11.7% |
| 2022 | 10.28 % change on previous year | +13.1% |
| 2023 | 9.25 % change on previous year | -10.1% |
| 2024 | 7.75 % change on previous year | -16.2% |
| 2025 | 8.82 % change on previous year | +13.8% |
Iceland compared with similar countries
- Iceland's 8.82 % change on previous year is above the median for high income countries, which is 5.1 % change on previous year, 1.7× the median. (67 countries reporting)
- Iceland's 8.82 % change on previous year is above the median for Europe & Central Asia, which is 7.67 % change on previous year, 1.1× the median. (52 countries reporting)
Biggest year-on-year movements
Years where General government final consumption … current rate annual growth in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +7437.3% | 0.1716 % change on previous year | 12.93 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 45.69 % change on previous year | 31.51 % change on previous year | 64.4 % change on previous year | 9 |
| 1980s | 43.9 % change on previous year | 19.23 % change on previous year | 74.24 % change on previous year | 10 |
| 1990s | 7.78 % change on previous year | 0.1716 % change on previous year | 15.69 % change on previous year | 10 |
| 2000s | 10.82 % change on previous year | 5.41 % change on previous year | 16.28 % change on previous year | 10 |
| 2010s | 6.03 % change on previous year | 1.93 % change on previous year | 9.24 % change on previous year | 10 |
| 2020s | 9.25 % change on previous year | 7.75 % change on previous year | 10.29 % change on previous year | 6 |
Countries ranked near Iceland
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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is general government final consumption expenditure (current lcu) in Iceland?
- General government final consumption expenditure (current lcu) in Iceland was 8.82 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current lcu) recorded in Iceland?
- The highest recorded value was 74.24 % change on previous year in 1983.
- What is the lowest general government final consumption expenditure (current lcu) recorded in Iceland?
- The lowest recorded value was 0.1716 % change on previous year in 1997.
- How does Iceland rank for general government final consumption expenditure (current lcu)?
- Iceland ranks 76th out of 185 countries with data for 2025.
- Is general government final consumption expenditure (current lcu) rising or falling in Iceland?
- Over the last ten years it is up 17.0%. 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 (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in General government final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- General government final consumption expenditure 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
The year-on-year percentage change in General government final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.