Gross national expenditure (current LCU), annual growth rate in Iceland
Iceland: Gross national expenditure (current LCU), annual growth rate was 9.3 % change on previous year in 2025. ◆ Volatile
Gross national expenditure (current LCU), annual growth rate in Iceland, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross national expenditure (current lcu), annual growth rate in Iceland is 9.3 % change on previous year, measured in 2025.
Compared with earlier readings it is up 37.2% on the previous year and down 0.0% over ten years.
Over the whole period, gross national expenditure (current lcu), annual growth rate in Iceland peaked at 63.45 % change on previous year in 1980 and was at its lowest, -8.26 % change on previous year, in 2009.
That places Iceland 60th out of 185 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 (current LCU), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 39.04 % change on previous year | — |
| 1972 | 19.81 % change on previous year | -49.3% |
| 1973 | 41.26 % change on previous year | +108.3% |
| 1974 | 57.07 % change on previous year | +38.3% |
| 1975 | 40.94 % change on previous year | -28.3% |
| 1976 | 28.59 % change on previous year | -30.2% |
| 1977 | 46.29 % change on previous year | +61.9% |
| 1978 | 48.55 % change on previous year | +4.9% |
| 1979 | 50.5 % change on previous year | +4.0% |
| 1980 | 63.45 % change on previous year | +25.6% |
| 1981 | 57.76 % change on previous year | -9.0% |
| 1982 | 62.03 % change on previous year | +7.4% |
| 1983 | 61.35 % change on previous year | -1.1% |
| 1984 | 35.29 % change on previous year | -42.5% |
| 1985 | 35.86 % change on previous year | +1.6% |
| 1986 | 27.34 % change on previous year | -23.8% |
| 1987 | 36.98 % change on previous year | +35.3% |
| 1988 | 22.87 % change on previous year | -38.2% |
| 1989 | 19.2 % change on previous year | -16.0% |
| 1990 | 17.65 % change on previous year | -8.1% |
| 1991 | 10.96 % change on previous year | -37.9% |
| 1992 | -1.33 % change on previous year | -112.1% |
| 1993 | -0.2261 % change on previous year | -83.0% |
| 1994 | 4.07 % change on previous year | -1899.7% |
| 1995 | 4.8 % change on previous year | +18.0% |
| 1996 | 10.34 % change on previous year | +115.4% |
| 1997 | 7.07 % change on previous year | -31.7% |
| 1998 | 17.35 % change on previous year | +145.5% |
| 1999 | 7.67 % change on previous year | -55.8% |
| 2000 | 11.51 % change on previous year | +50.2% |
| 2001 | 6.56 % change on previous year | -43.0% |
| 2002 | 3.88 % change on previous year | -40.9% |
| 2003 | 7.48 % change on previous year | +93.0% |
| 2004 | 13.32 % change on previous year | +77.9% |
| 2005 | 16.42 % change on previous year | +23.3% |
| 2006 | 19.99 % change on previous year | +21.7% |
| 2007 | 5.96 % change on previous year | -70.2% |
| 2008 | 6.97 % change on previous year | +16.9% |
| 2009 | -8.26 % change on previous year | -218.6% |
| 2010 | 2.15 % change on previous year | -126.0% |
| 2011 | 7.24 % change on previous year | +237.0% |
| 2012 | 6.81 % change on previous year | -5.9% |
| 2013 | 3.91 % change on previous year | -42.7% |
| 2014 | 7.83 % change on previous year | +100.6% |
| 2015 | 9.3 % change on previous year | +18.7% |
| 2016 | 9.75 % change on previous year | +4.8% |
| 2017 | 7.65 % change on previous year | -21.6% |
| 2018 | 9.02 % change on previous year | +17.9% |
| 2019 | 4.23 % change on previous year | -53.0% |
| 2020 | 3.61 % change on previous year | -14.6% |
| 2021 | 12.9 % change on previous year | +256.9% |
| 2022 | 16.21 % change on previous year | +25.7% |
| 2023 | 10.49 % change on previous year | -35.3% |
| 2024 | 6.78 % change on previous year | -35.4% |
| 2025 | 9.3 % change on previous year | +37.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 41.34 % change on previous year | 19.81 % change on previous year | 57.07 % change on previous year | 9 |
| 1980s | 42.21 % change on previous year | 19.2 % change on previous year | 63.45 % change on previous year | 10 |
| 1990s | 7.83 % change on previous year | -1.33 % change on previous year | 17.65 % change on previous year | 10 |
| 2000s | 8.38 % change on previous year | -8.26 % change on previous year | 19.99 % change on previous year | 10 |
| 2010s | 6.79 % change on previous year | 2.15 % change on previous year | 9.75 % change on previous year | 10 |
| 2020s | 9.88 % change on previous year | 3.61 % change on previous year | 16.21 % change on previous year | 6 |
Countries ranked near Iceland
- 57 Montenegro 9.68 % change on previous year compare
- 58 Colombia 9.5 % change on previous year compare
- 59 Cameroon 9.47 % change on previous year compare
- 61 Zambia 9.26 % change on previous year compare
- 62 Lesotho 9.19 % change on previous year compare
- 63 India 9.17 % change on previous year 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)
- Final consumption expenditure (constant 2015 US$), per capita 45,300 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 17.4 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 100,546 current US$ per person (2025)
- Gross national expenditure (current LCU), per unit of GDP 131.34 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 12.91 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.92 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.6192 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross national expenditure (current lcu), annual growth rate in Iceland?
- Gross national expenditure (current lcu), annual growth rate in Iceland was 9.3 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross national expenditure (current lcu), annual growth rate recorded in Iceland?
- The highest recorded value was 63.45 % change on previous year in 1980.
- What is the lowest gross national expenditure (current lcu), annual growth rate recorded in Iceland?
- The lowest recorded value was -8.26 % change on previous year in 2009.
- How does Iceland rank for gross national expenditure (current lcu), annual growth rate?
- Iceland ranks 60th out of 185 countries with data for 2025.
- Is gross national expenditure (current lcu), annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 0.0%. 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 (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross national expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross national expenditure 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
The year-on-year percentage change in Gross national expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.