How does Iceland rank for gross national expenditure (constant 2015 us$), per unit of gdp?

Iceland ranks 147th out of 163 countries with data for 2025.

Is gross national expenditure (constant 2015 us$), per unit of gdp rising or falling in Iceland?

Over the last ten years it is down 32.9%. The long-run trend across the full record is volatile.

Gross national expenditure (constant 2015 US$), per unit of GDP (unit) in Iceland

Name: Gross national expenditure (constant 2015 US$), per unit of GDP (unit) in Iceland
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Iceland: Gross national expenditure (constant 2015 US$), per unit of GDP (unit) was 0.6192 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile

Latest (2025)

0.6192 constant 2015 US$ per US$ of GDP

Change on year

down 10.6%

World rank

147th

of 163 countries

All-time high

7.14 constant 2015 US$ per US$ of GDP

in 1971

All-time low

0.6192 constant 2015 US$ per US$ of GDP

in 2025

Years of data

1970–2025

Gross national expenditure (constant 2015 US$), per unit of GDP in Iceland, 1970–2025

Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.

Analysis

The most recent figure for gross national expenditure (constant 2015 us$), per unit of gdp in Iceland is 0.6192 constant 2015 US$ per US$ of GDP, measured in 2025. That is the lowest value across all 56 years on record.

Compared with earlier readings it is down 10.6% on the previous year and down 32.9% over ten years.

Over the whole period, gross national expenditure (constant 2015 us$), per unit of gdp in Iceland peaked at 7.14 constant 2015 US$ per US$ of GDP in 1971 and was at its lowest, 0.6192 constant 2015 US$ per US$ of GDP, in 2025.

That places Iceland 147th out of 163 countries with data for 2025, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Gross national expenditure (constant 2015 US$), per unit of GDP (unit) in Iceland, year by year

Annual values for Gross national expenditure (constant 2015 US$), per unit of GDP in Iceland, 1970 to 2025.
Year	constant 2015 US$ per US$ of GDP	Change
1970	7.11 constant 2015 US$ per US$ of GDP	—
1971	7.14 constant 2015 US$ per US$ of GDP	+0.4%
1972	5.64 constant 2015 US$ per US$ of GDP	-21.0%
1973	4.6 constant 2015 US$ per US$ of GDP	-18.4%
1974	3.98 constant 2015 US$ per US$ of GDP	-13.5%
1975	4.05 constant 2015 US$ per US$ of GDP	+1.6%
1976	3.31 constant 2015 US$ per US$ of GDP	-18.1%
1977	2.88 constant 2015 US$ per US$ of GDP	-13.2%
1978	2.6 constant 2015 US$ per US$ of GDP	-9.7%
1979	2.36 constant 2015 US$ per US$ of GDP	-9.0%
1980	2.11 constant 2015 US$ per US$ of GDP	-10.8%
1981	2.17 constant 2015 US$ per US$ of GDP	+3.1%
1982	2.52 constant 2015 US$ per US$ of GDP	+16.1%
1983	2.56 constant 2015 US$ per US$ of GDP	+1.5%
1984	2.7 constant 2015 US$ per US$ of GDP	+5.6%
1985	2.62 constant 2015 US$ per US$ of GDP	-3.0%
1986	2.03 constant 2015 US$ per US$ of GDP	-22.4%
1987	1.71 constant 2015 US$ per US$ of GDP	-15.7%
1988	1.56 constant 2015 US$ per US$ of GDP	-8.8%
1989	1.6 constant 2015 US$ per US$ of GDP	+2.0%
1990	1.45 constant 2015 US$ per US$ of GDP	-9.3%
1991	1.42 constant 2015 US$ per US$ of GDP	-2.1%
1992	1.31 constant 2015 US$ per US$ of GDP	-7.2%
1993	1.45 constant 2015 US$ per US$ of GDP	+10.4%
1994	1.43 constant 2015 US$ per US$ of GDP	-1.7%
1995	1.31 constant 2015 US$ per US$ of GDP	-7.9%
1996	1.34 constant 2015 US$ per US$ of GDP	+2.0%
1997	1.4 constant 2015 US$ per US$ of GDP	+4.4%
1998	1.42 constant 2015 US$ per US$ of GDP	+1.7%
1999	1.4 constant 2015 US$ per US$ of GDP	-1.4%
2000	1.48 constant 2015 US$ per US$ of GDP	+5.8%
2001	1.6 constant 2015 US$ per US$ of GDP	+7.6%
2002	1.39 constant 2015 US$ per US$ of GDP	-13.1%
2003	1.19 constant 2015 US$ per US$ of GDP	-14.1%
2004	1.08 constant 2015 US$ per US$ of GDP	-9.0%
2005	1.01 constant 2015 US$ per US$ of GDP	-6.8%
2006	1.08 constant 2015 US$ per US$ of GDP	+6.9%
2007	0.8721 constant 2015 US$ per US$ of GDP	-19.1%
2008	0.9741 constant 2015 US$ per US$ of GDP	+11.7%
2009	1.09 constant 2015 US$ per US$ of GDP	+11.5%
2010	1.01 constant 2015 US$ per US$ of GDP	-6.8%
2011	0.9422 constant 2015 US$ per US$ of GDP	-7.0%
2012	0.9854 constant 2015 US$ per US$ of GDP	+4.6%
2013	0.9088 constant 2015 US$ per US$ of GDP	-7.8%
2014	0.8563 constant 2015 US$ per US$ of GDP	-5.8%
2015	0.9222 constant 2015 US$ per US$ of GDP	+7.7%
2016	0.8279 constant 2015 US$ per US$ of GDP	-10.2%
2017	0.7432 constant 2015 US$ per US$ of GDP	-10.2%
2018	0.7268 constant 2015 US$ per US$ of GDP	-2.2%
2019	0.7699 constant 2015 US$ per US$ of GDP	+5.9%
2020	0.8638 constant 2015 US$ per US$ of GDP	+12.2%
2021	0.783 constant 2015 US$ per US$ of GDP	-9.4%
2022	0.7589 constant 2015 US$ per US$ of GDP	-3.1%
2023	0.7146 constant 2015 US$ per US$ of GDP	-5.8%
2024	0.6928 constant 2015 US$ per US$ of GDP	-3.1%
2025	0.6192 constant 2015 US$ per US$ of GDP	-10.6%

Iceland compared with similar countries

Iceland's 0.6192 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.7302 constant 2015 US$ per US$ of GDP, 85% of the median. (58 countries reporting)
Iceland's 0.6192 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.7163 constant 2015 US$ per US$ of GDP, 86% of the median. (47 countries reporting)

Averages by decade

Decade	Average	Lowest	Highest	Years
1970s	4.37 constant 2015 US$ per US$ of GDP	2.36 constant 2015 US$ per US$ of GDP	7.14 constant 2015 US$ per US$ of GDP	10
1980s	2.16 constant 2015 US$ per US$ of GDP	1.56 constant 2015 US$ per US$ of GDP	2.7 constant 2015 US$ per US$ of GDP	10
1990s	1.39 constant 2015 US$ per US$ of GDP	1.31 constant 2015 US$ per US$ of GDP	1.45 constant 2015 US$ per US$ of GDP	10
2000s	1.18 constant 2015 US$ per US$ of GDP	0.8721 constant 2015 US$ per US$ of GDP	1.6 constant 2015 US$ per US$ of GDP	10
2010s	0.8695 constant 2015 US$ per US$ of GDP	0.7268 constant 2015 US$ per US$ of GDP	1.01 constant 2015 US$ per US$ of GDP	10
2020s	0.7387 constant 2015 US$ per US$ of GDP	0.6192 constant 2015 US$ per US$ of GDP	0.8638 constant 2015 US$ per US$ of GDP	6

Countries ranked near Iceland

144 Netherlands 0.629 constant 2015 US$ per US$ of GDP compare
145 Romania 0.6229 constant 2015 US$ per US$ of GDP compare
146 Hungary 0.6219 constant 2015 US$ per US$ of GDP compare
148 Ukraine 0.6083 constant 2015 US$ per US$ of GDP compare
149 Malta 0.6038 constant 2015 US$ per US$ of GDP compare
150 Estonia 0.5997 constant 2015 US$ per US$ of GDP compare

See the full ranking of 204 places →

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)

All data for Iceland →

Frequently asked questions

What is gross national expenditure (constant 2015 us$), per unit of gdp in Iceland?: Gross national expenditure (constant 2015 us$), per unit of gdp in Iceland was 0.6192 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest gross national expenditure (constant 2015 us$), per unit of gdp recorded in Iceland?: The highest recorded value was 7.14 constant 2015 US$ per US$ of GDP in 1971.
What is the lowest gross national expenditure (constant 2015 us$), per unit of gdp recorded in Iceland?: The lowest recorded value was 0.6192 constant 2015 US$ per US$ of GDP in 2025.
How does Iceland rank for gross national expenditure (constant 2015 us$), per unit of gdp?: Iceland ranks 147th out of 163 countries with data for 2025.
Is gross national expenditure (constant 2015 us$), per unit of gdp rising or falling in Iceland?: Over the last ten years it is down 32.9%. 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 Gross national expenditure (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.

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Gross national expenditure (constant 2015 US$), per unit of GDP in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 24 October 2026, from https://economy.statizoid.com/stat/gross-national-expenditure-constant-2015-us-per-unit-of-gdp/iceland/

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How this figure is calculated

Gross national expenditure (constant 2015 US$) divided by GDP (current US$), 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$) ÷ GDP (current US$)

Computed from

Gross national 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

Indicator: Gross national expenditure (constant 2015 US$), per unit of GDP
Unit: constant 2015 US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 204 places, 8,398 data points, 1960–2025
Last refreshed: 08 September 2026

Gross national expenditure (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.