General government final consumption … LCU unit GDP current in Iceland
Iceland: General government final consumption … LCU unit GDP current was 33.48 current LCU per US$ of GDP in 2025. ◆ Volatile
General government final consumption expenditure (current LCU), per in Iceland, 1970–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for general government final consumption expenditure (current lcu), per in Iceland is 33.48 current LCU per US$ of GDP, measured in 2025.
The figure is down 6.4% on the previous year and up 6.4% over ten years.
Over the whole period, general government final consumption expenditure (current lcu), per in Iceland peaked at 38.04 current LCU per US$ of GDP in 2020 and was at its lowest, 0.1314 current LCU per US$ of GDP, in 1970.
Iceland ranks 49th of 187 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 … LCU unit GDP current in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.1314 current LCU per US$ of GDP | — |
| 1971 | 0.1358 current LCU per US$ of GDP | +3.3% |
| 1972 | 0.151 current LCU per US$ of GDP | +11.2% |
| 1973 | 0.1493 current LCU per US$ of GDP | -1.1% |
| 1974 | 0.1841 current LCU per US$ of GDP | +23.3% |
| 1975 | 0.2898 current LCU per US$ of GDP | +57.4% |
| 1976 | 0.3273 current LCU per US$ of GDP | +13.0% |
| 1977 | 0.3599 current LCU per US$ of GDP | +10.0% |
| 1978 | 0.5202 current LCU per US$ of GDP | +44.5% |
| 1979 | 0.6986 current LCU per US$ of GDP | +34.3% |
| 1980 | 0.9165 current LCU per US$ of GDP | +31.2% |
| 1981 | 1.4 current LCU per US$ of GDP | +53.3% |
| 1982 | 2.53 current LCU per US$ of GDP | +79.8% |
| 1983 | 5.1 current LCU per US$ of GDP | +102.0% |
| 1984 | 5.98 current LCU per US$ of GDP | +17.2% |
| 1985 | 8.26 current LCU per US$ of GDP | +38.0% |
| 1986 | 8.37 current LCU per US$ of GDP | +1.4% |
| 1987 | 8.23 current LCU per US$ of GDP | -1.7% |
| 1988 | 9.66 current LCU per US$ of GDP | +17.4% |
| 1989 | 12.4 current LCU per US$ of GDP | +28.4% |
| 1990 | 12.58 current LCU per US$ of GDP | +1.4% |
| 1991 | 13.15 current LCU per US$ of GDP | +4.5% |
| 1992 | 13.21 current LCU per US$ of GDP | +0.5% |
| 1993 | 15.89 current LCU per US$ of GDP | +20.2% |
| 1994 | 16.35 current LCU per US$ of GDP | +2.9% |
| 1995 | 15.46 current LCU per US$ of GDP | -5.4% |
| 1996 | 15.85 current LCU per US$ of GDP | +2.5% |
| 1997 | 15.81 current LCU per US$ of GDP | -0.2% |
| 1998 | 15.95 current LCU per US$ of GDP | +0.9% |
| 1999 | 16.76 current LCU per US$ of GDP | +5.0% |
| 2000 | 18.62 current LCU per US$ of GDP | +11.1% |
| 2001 | 23.16 current LCU per US$ of GDP | +24.4% |
| 2002 | 23.28 current LCU per US$ of GDP | +0.5% |
| 2003 | 19.98 current LCU per US$ of GDP | -14.2% |
| 2004 | 17.58 current LCU per US$ of GDP | -12.0% |
| 2005 | 15.74 current LCU per US$ of GDP | -10.5% |
| 2006 | 17.43 current LCU per US$ of GDP | +10.7% |
| 2007 | 15.58 current LCU per US$ of GDP | -10.6% |
| 2008 | 21.8 current LCU per US$ of GDP | +39.9% |
| 2009 | 32.1 current LCU per US$ of GDP | +47.2% |
| 2010 | 31.05 current LCU per US$ of GDP | -3.3% |
| 2011 | 29.52 current LCU per US$ of GDP | -4.9% |
| 2012 | 31.56 current LCU per US$ of GDP | +6.9% |
| 2013 | 30.39 current LCU per US$ of GDP | -3.7% |
| 2014 | 28.7 current LCU per US$ of GDP | -5.5% |
| 2015 | 31.48 current LCU per US$ of GDP | +9.7% |
| 2016 | 28.24 current LCU per US$ of GDP | -10.3% |
| 2017 | 25.62 current LCU per US$ of GDP | -9.3% |
| 2018 | 26.29 current LCU per US$ of GDP | +2.6% |
| 2019 | 30.42 current LCU per US$ of GDP | +15.7% |
| 2020 | 38.04 current LCU per US$ of GDP | +25.1% |
| 2021 | 34.85 current LCU per US$ of GDP | -8.4% |
| 2022 | 34.56 current LCU per US$ of GDP | -0.8% |
| 2023 | 34.75 current LCU per US$ of GDP | +0.5% |
| 2024 | 35.77 current LCU per US$ of GDP | +2.9% |
| 2025 | 33.48 current LCU per US$ of GDP | -6.4% |
Iceland compared with similar countries
- Iceland's 33.48 current LCU per US$ of GDP is above the median for high income countries, which is 0.2592 current LCU per US$ of GDP, 129.2× the median. (67 countries reporting)
- Iceland's 33.48 current LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.3082 current LCU per US$ of GDP, 108.6× the median. (52 countries reporting)
Biggest year-on-year movements
Years where General government final consumption … LCU unit GDP current 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 |
|---|---|---|---|
| 1983 | +102.0% | 2.53 current LCU per US$ of GDP | 5.1 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2947 current LCU per US$ of GDP | 0.1314 current LCU per US$ of GDP | 0.6986 current LCU per US$ of GDP | 10 |
| 1980s | 6.29 current LCU per US$ of GDP | 0.9165 current LCU per US$ of GDP | 12.4 current LCU per US$ of GDP | 10 |
| 1990s | 15.1 current LCU per US$ of GDP | 12.58 current LCU per US$ of GDP | 16.76 current LCU per US$ of GDP | 10 |
| 2000s | 20.53 current LCU per US$ of GDP | 15.58 current LCU per US$ of GDP | 32.1 current LCU per US$ of GDP | 10 |
| 2010s | 29.33 current LCU per US$ of GDP | 25.62 current LCU per US$ of GDP | 31.56 current LCU per US$ of GDP | 10 |
| 2020s | 35.24 current LCU per US$ of GDP | 33.48 current LCU per US$ of GDP | 38.04 current LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 46 Armenia 39.45 current LCU per US$ of GDP compare
- 47 Comoros 39.31 current LCU per US$ of GDP compare
- 48 French Polynesia 35.31 current LCU per US$ of GDP compare
- 50 Japan 30.49 current LCU per US$ of GDP compare
- 51 Djibouti 26.71 current LCU per US$ of GDP compare
- 52 Pakistan 26.04 current 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)
- 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), per in Iceland?
- General government final consumption expenditure (current lcu), per in Iceland was 33.48 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest general government final consumption expenditure (current lcu), per recorded in Iceland?
- The highest recorded value was 38.04 current LCU per US$ of GDP in 2020.
- What is the lowest general government final consumption expenditure (current lcu), per recorded in Iceland?
- The lowest recorded value was 0.1314 current LCU per US$ of GDP in 1970.
- How does Iceland rank for general government final consumption expenditure (current lcu), per?
- Iceland ranks 49th out of 187 countries with data for 2025.
- Is general government final consumption expenditure (current lcu), per rising or falling in Iceland?
- Over the last ten years it is up 6.4%. 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), 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
General government final consumption expenditure (current LCU) ÷ GDP (current US$)
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 (current 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.