General government final consumption expenditure in Iceland
Iceland: General government final consumption expenditure was 1.29 trillion current LCU in 2025. ◆ Volatile
General government final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, general government final consumption expenditure in Iceland stood at 1.29 trillion current LCU. That is the highest value across all 56 years on record.
The figure is up 8.8% on the previous year and up 131.8% over ten years.
Over the whole period, general government final consumption expenditure in Iceland peaked at 1.29 trillion current LCU in 2025 and was at its lowest, 71.61 million current LCU, in 1970.
Iceland ranks 59th of 186 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 expenditure in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 71.61 million current LCU | — |
| 1971 | 94.17 million current LCU | +31.5% |
| 1972 | 131.23 million current LCU | +39.4% |
| 1973 | 178.39 million current LCU | +35.9% |
| 1974 | 288.75 million current LCU | +61.9% |
| 1975 | 421.91 million current LCU | +46.1% |
| 1976 | 565.53 million current LCU | +34.0% |
| 1977 | 822.66 million current LCU | +45.5% |
| 1978 | 1.35 billion current LCU | +64.4% |
| 1979 | 2.06 billion current LCU | +52.5% |
| 1980 | 3.21 billion current LCU | +55.5% |
| 1981 | 5.08 billion current LCU | +58.3% |
| 1982 | 8.38 billion current LCU | +65.1% |
| 1983 | 14.61 billion current LCU | +74.2% |
| 1984 | 17.73 billion current LCU | +21.4% |
| 1985 | 25.50 billion current LCU | +43.8% |
| 1986 | 34.56 billion current LCU | +35.6% |
| 1987 | 47.01 billion current LCU | +36.0% |
| 1988 | 61.07 billion current LCU | +29.9% |
| 1989 | 72.82 billion current LCU | +19.2% |
| 1990 | 84.24 billion current LCU | +15.7% |
| 1991 | 94.04 billion current LCU | +11.6% |
| 1992 | 96.84 billion current LCU | +3.0% |
| 1993 | 102.26 billion current LCU | +5.6% |
| 1994 | 108.11 billion current LCU | +5.7% |
| 1995 | 114.01 billion current LCU | +5.5% |
| 1996 | 121.81 billion current LCU | +6.8% |
| 1997 | 122.02 billion current LCU | +0.2% |
| 1998 | 137.80 billion current LCU | +12.9% |
| 1999 | 152.61 billion current LCU | +10.8% |
| 2000 | 170.19 billion current LCU | +11.5% |
| 2001 | 192.77 billion current LCU | +13.3% |
| 2002 | 219.21 billion current LCU | +13.7% |
| 2003 | 231.07 billion current LCU | +5.4% |
| 2004 | 245.53 billion current LCU | +6.3% |
| 2005 | 269.92 billion current LCU | +9.9% |
| 2006 | 308.07 billion current LCU | +14.1% |
| 2007 | 342.09 billion current LCU | +11.0% |
| 2008 | 397.79 billion current LCU | +16.3% |
| 2009 | 424.11 billion current LCU | +6.6% |
| 2010 | 432.30 billion current LCU | +1.9% |
| 2011 | 454.46 billion current LCU | +5.1% |
| 2012 | 471.65 billion current LCU | +3.8% |
| 2013 | 493.59 billion current LCU | +4.7% |
| 2014 | 518.12 billion current LCU | +5.0% |
| 2015 | 557.15 billion current LCU | +7.5% |
| 2016 | 595.41 billion current LCU | +6.9% |
| 2017 | 642.01 billion current LCU | +7.8% |
| 2018 | 701.33 billion current LCU | +9.2% |
| 2019 | 759.99 billion current LCU | +8.4% |
| 2020 | 838.20 billion current LCU | +10.3% |
| 2021 | 914.39 billion current LCU | +9.1% |
| 2022 | 1.01 trillion current LCU | +10.3% |
| 2023 | 1.10 trillion current LCU | +9.2% |
| 2024 | 1.19 trillion current LCU | +7.7% |
| 2025 | 1.29 trillion current LCU | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 598.97 million current LCU | 71.61 million current LCU | 2.06 billion current LCU | 10 |
| 1980s | 29.00 billion current LCU | 3.21 billion current LCU | 72.82 billion current LCU | 10 |
| 1990s | 113.37 billion current LCU | 84.24 billion current LCU | 152.61 billion current LCU | 10 |
| 2000s | 280.07 billion current LCU | 170.19 billion current LCU | 424.11 billion current LCU | 10 |
| 2010s | 562.60 billion current LCU | 432.30 billion current LCU | 759.99 billion current LCU | 10 |
| 2020s | 1.06 trillion current LCU | 838.20 billion current LCU | 1.29 trillion current LCU | 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)
- Net primary income (Net income from abroad) (current LCU), annual 7.13 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate -1.47 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 12.93 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 1.27 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0058 (2025)
Frequently asked questions
- What is general government final consumption expenditure in Iceland?
- General government final consumption expenditure in Iceland was 1.29 trillion current 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 1.29 trillion current LCU in 2025.
- What is the lowest general government final consumption expenditure recorded in Iceland?
- The lowest recorded value was 71.61 million current LCU in 1970.
- How does Iceland rank for general government final consumption expenditure?
- Iceland ranks 59th out of 186 countries with data for 2025.
- Is general government final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 131.8%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.