General government final consumption expenditure in Iceland
Iceland: General government final consumption expenditure was 26.1% in 2025. ▲ Rising
General government final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2025, general government final consumption expenditure in Iceland stood at 26.1%.
The figure is up 0.5% on the previous year and up 9.2% over ten years.
Over the whole period, general government final consumption expenditure in Iceland peaked at 28.1% in 2020 and was at its lowest, 14.9%, in 1970.
Iceland ranks 19th of 187 countries on this measure, in the top 10%.
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 | % of GDP | Change |
|---|---|---|
| 1970 | 14.9% | — |
| 1971 | 15.4% | +3.3% |
| 1972 | 17.1% | +10.9% |
| 1973 | 16.6% | -3.2% |
| 1974 | 18.4% | +11.2% |
| 1975 | 18.9% | +2.3% |
| 1976 | 18.0% | -4.7% |
| 1977 | 18.1% | +0.7% |
| 1978 | 19.2% | +6.0% |
| 1979 | 19.8% | +3.3% |
| 1980 | 19.1% | -3.6% |
| 1981 | 19.4% | +1.8% |
| 1982 | 20.5% | +5.2% |
| 1983 | 20.5% | +0.4% |
| 1984 | 18.9% | -8.1% |
| 1985 | 19.9% | +5.4% |
| 1986 | 20.4% | +2.4% |
| 1987 | 21.3% | +4.5% |
| 1988 | 22.5% | +5.6% |
| 1989 | 21.7% | -3.2% |
| 1990 | 21.6% | -0.7% |
| 1991 | 22.3% | +3.2% |
| 1992 | 23.0% | +3.0% |
| 1993 | 23.5% | +2.4% |
| 1994 | 23.4% | -0.6% |
| 1995 | 23.9% | +2.3% |
| 1996 | 23.8% | -0.3% |
| 1997 | 22.3% | -6.4% |
| 1998 | 22.5% | +0.8% |
| 1999 | 23.2% | +3.0% |
| 2000 | 23.7% | +2.2% |
| 2001 | 23.8% | +0.4% |
| 2002 | 25.4% | +6.8% |
| 2003 | 26.0% | +2.6% |
| 2004 | 25.1% | -3.8% |
| 2005 | 25.0% | -0.2% |
| 2006 | 24.8% | -0.6% |
| 2007 | 24.3% | -2.1% |
| 2008 | 24.8% | +1.9% |
| 2009 | 26.0% | +4.7% |
| 2010 | 25.4% | -2.2% |
| 2011 | 25.5% | +0.2% |
| 2012 | 25.2% | -0.9% |
| 2013 | 24.9% | -1.4% |
| 2014 | 24.6% | -1.2% |
| 2015 | 23.9% | -2.9% |
| 2016 | 23.4% | -2.0% |
| 2017 | 24.0% | +2.6% |
| 2018 | 24.3% | +1.2% |
| 2019 | 24.8% | +2.2% |
| 2020 | 28.1% | +13.2% |
| 2021 | 27.4% | -2.3% |
| 2022 | 25.5% | -6.9% |
| 2023 | 25.2% | -1.4% |
| 2024 | 25.9% | +2.9% |
| 2025 | 26.1% | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.6% | 14.9% | 19.8% | 10 |
| 1980s | 20.4% | 18.9% | 22.5% | 10 |
| 1990s | 22.9% | 21.6% | 23.9% | 10 |
| 2000s | 24.9% | 23.7% | 26.0% | 10 |
| 2010s | 24.6% | 23.4% | 25.5% | 10 |
| 2020s | 26.4% | 25.2% | 28.1% | 6 |
Countries ranked near Iceland
- 16 Sweden 26.4% compare
- 17 Solomon Islands 26.2% compare
- 18 Finland 26.1% compare
- 20 Netherlands 25.9% compare
- 21 Kuwait 25.8% compare
- 22 Seychelles 25.1% 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 capital formation (current US$), annual growth rate 17.72 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2657 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 26,128 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.6 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 34.13 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3.36 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 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 26.1% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in Iceland?
- The highest recorded value was 28.1% in 2020.
- What is the lowest general government final consumption expenditure recorded in Iceland?
- The lowest recorded value was 14.9% in 1970.
- How does Iceland rank for general government final consumption expenditure?
- Iceland ranks 19th out of 187 countries with data for 2025.
- Is general government final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 9.2%. 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 Offices (NSOs), published as part of General government final consumption expenditure (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.