Gross national expenditure (constant 2015 US$), per capita (capita) in Iceland
Iceland: Gross national expenditure (constant 2015 US$), per capita (capita) was 60,883 constant 2015 US$ per person in 2025. ▲ Rising
Latest (2025)
60,883 constant 2015 US$ per person
Change on year
up 2.4%
World rank
6th
of 163 countries
All-time high
62,744 constant 2015 US$ per person
in 2006
All-time low
18,965 constant 2015 US$ per person
in 1970
Years of data
56
1970–2025
Gross national expenditure (constant 2015 US$), per capita in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
In 2025, gross national expenditure (constant 2015 us$), per capita in Iceland stood at 60,883 constant 2015 US$ per person.
Compared with earlier readings it is up 2.4% on the previous year and up 23.4% over ten years.
Over the whole period, gross national expenditure (constant 2015 us$), per capita in Iceland peaked at 62,744 constant 2015 US$ per person in 2006 and was at its lowest, 18,965 constant 2015 US$ per person, in 1970.
Iceland ranks 6th of 163 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 56 years of available data.
Gross national expenditure (constant 2015 US$), per capita (capita) in Iceland, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1970 | 18,965 constant 2015 US$ per person | — |
| 1971 | 24,033 constant 2015 US$ per person | +26.7% |
| 1972 | 23,439 constant 2015 US$ per person | -2.5% |
| 1973 | 25,907 constant 2015 US$ per person | +10.5% |
| 1974 | 29,033 constant 2015 US$ per person | +12.1% |
| 1975 | 27,035 constant 2015 US$ per person | -6.9% |
| 1976 | 26,016 constant 2015 US$ per person | -3.8% |
| 1977 | 29,639 constant 2015 US$ per person | +13.9% |
| 1978 | 30,188 constant 2015 US$ per person | +1.9% |
| 1979 | 30,914 constant 2015 US$ per person | +2.4% |
| 1980 | 32,321 constant 2015 US$ per person | +4.6% |
| 1981 | 34,039 constant 2015 US$ per person | +5.3% |
| 1982 | 35,796 constant 2015 US$ per person | +5.2% |
| 1983 | 30,927 constant 2015 US$ per person | -13.6% |
| 1984 | 33,451 constant 2015 US$ per person | +8.2% |
| 1985 | 33,542 constant 2015 US$ per person | +0.3% |
| 1986 | 34,528 constant 2015 US$ per person | +2.9% |
| 1987 | 39,840 constant 2015 US$ per person | +15.4% |
| 1988 | 39,587 constant 2015 US$ per person | -0.6% |
| 1989 | 37,047 constant 2015 US$ per person | -6.4% |
| 1990 | 38,012 constant 2015 US$ per person | +2.6% |
| 1991 | 39,277 constant 2015 US$ per person | +3.3% |
| 1992 | 36,868 constant 2015 US$ per person | -6.1% |
| 1993 | 35,380 constant 2015 US$ per person | -4.0% |
| 1994 | 35,427 constant 2015 US$ per person | +0.1% |
| 1995 | 36,168 constant 2015 US$ per person | +2.1% |
| 1996 | 38,244 constant 2015 US$ per person | +5.7% |
| 1997 | 39,746 constant 2015 US$ per person | +3.9% |
| 1998 | 44,785 constant 2015 US$ per person | +12.7% |
| 1999 | 46,023 constant 2015 US$ per person | +2.8% |
| 2000 | 48,193 constant 2015 US$ per person | +4.7% |
| 2001 | 46,600 constant 2015 US$ per person | -3.3% |
| 2002 | 45,387 constant 2015 US$ per person | -2.6% |
| 2003 | 47,558 constant 2015 US$ per person | +4.8% |
| 2004 | 51,780 constant 2015 US$ per person | +8.9% |
| 2005 | 58,323 constant 2015 US$ per person | +12.6% |
| 2006 | 62,744 constant 2015 US$ per person | +7.6% |
| 2007 | 61,468 constant 2015 US$ per person | -2.0% |
| 2008 | 55,998 constant 2015 US$ per person | -8.9% |
| 2009 | 45,047 constant 2015 US$ per person | -19.6% |
| 2010 | 44,325 constant 2015 US$ per person | -1.6% |
| 2011 | 45,464 constant 2015 US$ per person | +2.6% |
| 2012 | 45,914 constant 2015 US$ per person | +1.0% |
| 2013 | 45,600 constant 2015 US$ per person | -0.7% |
| 2014 | 47,217 constant 2015 US$ per person | +3.5% |
| 2015 | 49,343 constant 2015 US$ per person | +4.5% |
| 2016 | 52,036 constant 2015 US$ per person | +5.5% |
| 2017 | 54,235 constant 2015 US$ per person | +4.2% |
| 2018 | 54,969 constant 2015 US$ per person | +1.4% |
| 2019 | 53,354 constant 2015 US$ per person | -2.9% |
| 2020 | 51,938 constant 2015 US$ per person | -2.7% |
| 2021 | 55,142 constant 2015 US$ per person | +6.2% |
| 2022 | 57,959 constant 2015 US$ per person | +5.1% |
| 2023 | 58,740 constant 2015 US$ per person | +1.3% |
| 2024 | 59,484 constant 2015 US$ per person | +1.3% |
| 2025 | 60,883 constant 2015 US$ per person | +2.4% |
Iceland compared with similar countries
- Iceland's 60,883 constant 2015 US$ per person is above the median for high income countries, which is 33,568 constant 2015 US$ per person, 1.8× the median. (58 countries reporting)
- Iceland's 60,883 constant 2015 US$ per person is above the median for Europe & Central Asia, which is 19,870 constant 2015 US$ per person, 3.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26,517 constant 2015 US$ per person | 18,965 constant 2015 US$ per person | 30,914 constant 2015 US$ per person | 10 |
| 1980s | 35,108 constant 2015 US$ per person | 30,927 constant 2015 US$ per person | 39,840 constant 2015 US$ per person | 10 |
| 1990s | 38,993 constant 2015 US$ per person | 35,380 constant 2015 US$ per person | 46,023 constant 2015 US$ per person | 10 |
| 2000s | 52,310 constant 2015 US$ per person | 45,047 constant 2015 US$ per person | 62,744 constant 2015 US$ per person | 10 |
| 2010s | 49,246 constant 2015 US$ per person | 44,325 constant 2015 US$ per person | 54,969 constant 2015 US$ per person | 10 |
| 2020s | 57,358 constant 2015 US$ per person | 51,938 constant 2015 US$ per person | 60,883 constant 2015 US$ per person | 6 |
Countries ranked near Iceland
- 3 Bermuda 75,565 constant 2015 US$ per person compare
- 4 Luxembourg 74,238 constant 2015 US$ per person compare
- 5 United States 69,992 constant 2015 US$ per person compare
- 7 Greenland 58,665 constant 2015 US$ per person compare
- 8 Ireland 58,080 constant 2015 US$ per person compare
- 9 Denmark 54,208 constant 2015 US$ per person 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 gross national expenditure (constant 2015 us$), per capita in Iceland?
- Gross national expenditure (constant 2015 us$), per capita in Iceland was 60,883 constant 2015 US$ per person in 2025, according to Statizoid (derived).
- What is the highest gross national expenditure (constant 2015 us$), per capita recorded in Iceland?
- The highest recorded value was 62,744 constant 2015 US$ per person in 2006.
- What is the lowest gross national expenditure (constant 2015 us$), per capita recorded in Iceland?
- The lowest recorded value was 18,965 constant 2015 US$ per person in 1970.
- How does Iceland rank for gross national expenditure (constant 2015 us$), per capita?
- Iceland ranks 6th out of 163 countries with data for 2025.
- Is gross national expenditure (constant 2015 us$), per capita rising or falling in Iceland?
- Over the last ten years it is up 23.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross national expenditure (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross national expenditure (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross national expenditure (constant 2015 US$) ÷ Population, total
Computed from
- Gross national expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross national expenditure (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.