Gross national expenditure (constant LCU), per unit of GDP in Iceland
Iceland: Gross national expenditure (constant LCU), per unit of GDP was 97.41 constant LCU per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
97.41 constant LCU per US$ of GDP
Change on year
down 10.6%
World rank
45th
of 169 countries
All-time high
1,123 constant LCU per US$ of GDP
in 1971
All-time low
97.41 constant LCU per US$ of GDP
in 2025
Years of data
56
1970–2025
Gross national expenditure (constant LCU), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Iceland recorded 97.41 constant LCU per US$ of GDP for gross national expenditure (constant lcu), per unit of gdp in 2025. That is the lowest value across all 56 years on record.
That represents a change of down 10.6% on the previous year and down 32.9% over ten years.
Over the whole period, gross national expenditure (constant lcu), per unit of gdp in Iceland peaked at 1,123 constant LCU per US$ of GDP in 1971 and was at its lowest, 97.41 constant LCU per US$ of GDP, in 2025.
That places Iceland 45th out of 169 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (constant LCU), per unit of GDP in Iceland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 1,119 constant LCU per US$ of GDP | — |
| 1971 | 1,123 constant LCU per US$ of GDP | +0.3% |
| 1972 | 887.56 constant LCU per US$ of GDP | -21.0% |
| 1973 | 724.15 constant LCU per US$ of GDP | -18.4% |
| 1974 | 626.63 constant LCU per US$ of GDP | -13.5% |
| 1975 | 636.52 constant LCU per US$ of GDP | +1.6% |
| 1976 | 521.53 constant LCU per US$ of GDP | -18.1% |
| 1977 | 452.42 constant LCU per US$ of GDP | -13.3% |
| 1978 | 408.45 constant LCU per US$ of GDP | -9.7% |
| 1979 | 371.82 constant LCU per US$ of GDP | -9.0% |
| 1980 | 331.49 constant LCU per US$ of GDP | -10.8% |
| 1981 | 341.84 constant LCU per US$ of GDP | +3.1% |
| 1982 | 396.82 constant LCU per US$ of GDP | +16.1% |
| 1983 | 402.99 constant LCU per US$ of GDP | +1.6% |
| 1984 | 425.24 constant LCU per US$ of GDP | +5.5% |
| 1985 | 412.63 constant LCU per US$ of GDP | -3.0% |
| 1986 | 320.1 constant LCU per US$ of GDP | -22.4% |
| 1987 | 269.83 constant LCU per US$ of GDP | -15.7% |
| 1988 | 246.16 constant LCU per US$ of GDP | -8.8% |
| 1989 | 251.13 constant LCU per US$ of GDP | +2.0% |
| 1990 | 227.73 constant LCU per US$ of GDP | -9.3% |
| 1991 | 222.84 constant LCU per US$ of GDP | -2.1% |
| 1992 | 206.72 constant LCU per US$ of GDP | -7.2% |
| 1993 | 228.19 constant LCU per US$ of GDP | +10.4% |
| 1994 | 224.35 constant LCU per US$ of GDP | -1.7% |
| 1995 | 206.54 constant LCU per US$ of GDP | -7.9% |
| 1996 | 210.58 constant LCU per US$ of GDP | +2.0% |
| 1997 | 219.77 constant LCU per US$ of GDP | +4.4% |
| 1998 | 223.56 constant LCU per US$ of GDP | +1.7% |
| 1999 | 220.56 constant LCU per US$ of GDP | -1.3% |
| 2000 | 233.29 constant LCU per US$ of GDP | +5.8% |
| 2001 | 251.05 constant LCU per US$ of GDP | +7.6% |
| 2002 | 218.11 constant LCU per US$ of GDP | -13.1% |
| 2003 | 187.37 constant LCU per US$ of GDP | -14.1% |
| 2004 | 170.41 constant LCU per US$ of GDP | -9.1% |
| 2005 | 158.77 constant LCU per US$ of GDP | -6.8% |
| 2006 | 169.62 constant LCU per US$ of GDP | +6.8% |
| 2007 | 137.18 constant LCU per US$ of GDP | -19.1% |
| 2008 | 153.25 constant LCU per US$ of GDP | +11.7% |
| 2009 | 170.96 constant LCU per US$ of GDP | +11.6% |
| 2010 | 159.42 constant LCU per US$ of GDP | -6.8% |
| 2011 | 148.32 constant LCU per US$ of GDP | -7.0% |
| 2012 | 155.12 constant LCU per US$ of GDP | +4.6% |
| 2013 | 143.07 constant LCU per US$ of GDP | -7.8% |
| 2014 | 134.78 constant LCU per US$ of GDP | -5.8% |
| 2015 | 145.13 constant LCU per US$ of GDP | +7.7% |
| 2016 | 130.27 constant LCU per US$ of GDP | -10.2% |
| 2017 | 116.93 constant LCU per US$ of GDP | -10.2% |
| 2018 | 114.35 constant LCU per US$ of GDP | -2.2% |
| 2019 | 121.16 constant LCU per US$ of GDP | +6.0% |
| 2020 | 135.93 constant LCU per US$ of GDP | +12.2% |
| 2021 | 123.2 constant LCU per US$ of GDP | -9.4% |
| 2022 | 119.39 constant LCU per US$ of GDP | -3.1% |
| 2023 | 112.42 constant LCU per US$ of GDP | -5.8% |
| 2024 | 108.99 constant LCU per US$ of GDP | -3.1% |
| 2025 | 97.41 constant LCU per US$ of GDP | -10.6% |
Iceland compared with similar countries
- Iceland's 97.41 constant LCU per US$ of GDP is above the median for high income countries, which is 0.8065 constant LCU per US$ of GDP, 120.8× the median. (58 countries reporting)
- Iceland's 97.41 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.7565 constant LCU per US$ of GDP, 128.8× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 687.12 constant LCU per US$ of GDP | 371.82 constant LCU per US$ of GDP | 1,123 constant LCU per US$ of GDP | 10 |
| 1980s | 339.82 constant LCU per US$ of GDP | 246.16 constant LCU per US$ of GDP | 425.24 constant LCU per US$ of GDP | 10 |
| 1990s | 219.08 constant LCU per US$ of GDP | 206.54 constant LCU per US$ of GDP | 228.19 constant LCU per US$ of GDP | 10 |
| 2000s | 185 constant LCU per US$ of GDP | 137.18 constant LCU per US$ of GDP | 251.05 constant LCU per US$ of GDP | 10 |
| 2010s | 136.85 constant LCU per US$ of GDP | 114.35 constant LCU per US$ of GDP | 159.42 constant LCU per US$ of GDP | 10 |
| 2020s | 116.23 constant LCU per US$ of GDP | 97.41 constant LCU per US$ of GDP | 135.93 constant LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 42 Djibouti 137.73 constant LCU per US$ of GDP compare
- 43 Sri Lanka 123.62 constant LCU per US$ of GDP compare
- 44 Pakistan 121.63 constant LCU per US$ of GDP compare
- 46 Cape Verde 93.17 constant LCU per US$ of GDP compare
- 47 Afghanistan 90.37 constant LCU per US$ of GDP compare
- 48 Kenya 88.61 constant 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross national expenditure (constant lcu), per unit of gdp in Iceland?
- Gross national expenditure (constant lcu), per unit of gdp in Iceland was 97.41 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross national expenditure (constant lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 1,123 constant LCU per US$ of GDP in 1971.
- What is the lowest gross national expenditure (constant lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 97.41 constant LCU per US$ of GDP in 2025.
- How does Iceland rank for gross national expenditure (constant lcu), per unit of gdp?
- Iceland ranks 45th out of 169 countries with data for 2025.
- Is gross national expenditure (constant lcu), 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 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
Gross national expenditure (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross national expenditure (constant LCU) ÷ GDP (current US$)
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
Gross national expenditure (constant 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.