Gross national expenditure (current LCU), per unit of GDP in Iceland
Iceland: Gross national expenditure (current LCU), per unit of GDP was 131.34 current LCU per US$ of GDP in 2025. ◆ Volatile
Latest (2025)
131.34 current LCU per US$ of GDP
Change on year
down 6.0%
World rank
57th
of 186 countries
All-time high
139.71 current LCU per US$ of GDP
in 2024
All-time low
0.87 current LCU per US$ of GDP
in 1970
Years of data
56
1970–2025
Gross national expenditure (current LCU), per unit of GDP in Iceland, 1970–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2025, gross national expenditure (current lcu), per unit of gdp in Iceland stood at 131.34 current LCU per US$ of GDP.
That represents a change of down 6.0% on the previous year and up 8.0% over ten years.
Over the whole period, gross national expenditure (current lcu), per unit of gdp in Iceland peaked at 139.71 current LCU per US$ of GDP in 2024 and was at its lowest, 0.87 current LCU per US$ of GDP, in 1970.
Iceland ranks 57th of 186 countries on this measure, 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), per unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.87 current LCU per US$ of GDP | — |
| 1971 | 0.9506 current LCU per US$ of GDP | +9.3% |
| 1972 | 0.9091 current LCU per US$ of GDP | -4.4% |
| 1973 | 0.934 current LCU per US$ of GDP | +2.7% |
| 1974 | 1.12 current LCU per US$ of GDP | +19.7% |
| 1975 | 1.7 current LCU per US$ of GDP | +51.8% |
| 1976 | 1.84 current LCU per US$ of GDP | +8.4% |
| 1977 | 2.03 current LCU per US$ of GDP | +10.6% |
| 1978 | 2.66 current LCU per US$ of GDP | +30.6% |
| 1979 | 3.52 current LCU per US$ of GDP | +32.5% |
| 1980 | 4.85 current LCU per US$ of GDP | +37.9% |
| 1981 | 7.41 current LCU per US$ of GDP | +52.7% |
| 1982 | 13.08 current LCU per US$ of GDP | +76.5% |
| 1983 | 24.47 current LCU per US$ of GDP | +87.1% |
| 1984 | 31.97 current LCU per US$ of GDP | +30.6% |
| 1985 | 41.69 current LCU per US$ of GDP | +30.4% |
| 1986 | 39.71 current LCU per US$ of GDP | -4.8% |
| 1987 | 39.31 current LCU per US$ of GDP | -1.0% |
| 1988 | 43.66 current LCU per US$ of GDP | +11.1% |
| 1989 | 56.03 current LCU per US$ of GDP | +28.3% |
| 1990 | 57.8 current LCU per US$ of GDP | +3.2% |
| 1991 | 60.04 current LCU per US$ of GDP | +3.9% |
| 1992 | 57.81 current LCU per US$ of GDP | -3.7% |
| 1993 | 65.68 current LCU per US$ of GDP | +13.6% |
| 1994 | 66.53 current LCU per US$ of GDP | +1.3% |
| 1995 | 62.54 current LCU per US$ of GDP | -6.0% |
| 1996 | 66.18 current LCU per US$ of GDP | +5.8% |
| 1997 | 70.58 current LCU per US$ of GDP | +6.6% |
| 1998 | 73.99 current LCU per US$ of GDP | +4.8% |
| 1999 | 75.56 current LCU per US$ of GDP | +2.1% |
| 2000 | 83.96 current LCU per US$ of GDP | +11.1% |
| 2001 | 98.25 current LCU per US$ of GDP | +17.0% |
| 2002 | 90.21 current LCU per US$ of GDP | -8.2% |
| 2003 | 78.95 current LCU per US$ of GDP | -12.5% |
| 2004 | 74.09 current LCU per US$ of GDP | -6.2% |
| 2005 | 70.25 current LCU per US$ of GDP | -5.2% |
| 2006 | 81.78 current LCU per US$ of GDP | +16.4% |
| 2007 | 69.73 current LCU per US$ of GDP | -14.7% |
| 2008 | 89.77 current LCU per US$ of GDP | +28.7% |
| 2009 | 113.74 current LCU per US$ of GDP | +26.7% |
| 2010 | 110.25 current LCU per US$ of GDP | -3.1% |
| 2011 | 106.93 current LCU per US$ of GDP | -3.0% |
| 2012 | 117.66 current LCU per US$ of GDP | +10.0% |
| 2013 | 112.47 current LCU per US$ of GDP | -4.4% |
| 2014 | 109.13 current LCU per US$ of GDP | -3.0% |
| 2015 | 121.65 current LCU per US$ of GDP | +11.5% |
| 2016 | 112.09 current LCU per US$ of GDP | -7.9% |
| 2017 | 101.52 current LCU per US$ of GDP | -9.4% |
| 2018 | 103.96 current LCU per US$ of GDP | +2.4% |
| 2019 | 115.7 current LCU per US$ of GDP | +11.3% |
| 2020 | 135.93 current LCU per US$ of GDP | +17.5% |
| 2021 | 128.9 current LCU per US$ of GDP | -5.2% |
| 2022 | 134.69 current LCU per US$ of GDP | +4.5% |
| 2023 | 136.96 current LCU per US$ of GDP | +1.7% |
| 2024 | 139.71 current LCU per US$ of GDP | +2.0% |
| 2025 | 131.34 current LCU per US$ of GDP | -6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.65 current LCU per US$ of GDP | 0.87 current LCU per US$ of GDP | 3.52 current LCU per US$ of GDP | 10 |
| 1980s | 30.22 current LCU per US$ of GDP | 4.85 current LCU per US$ of GDP | 56.03 current LCU per US$ of GDP | 10 |
| 1990s | 65.67 current LCU per US$ of GDP | 57.8 current LCU per US$ of GDP | 75.56 current LCU per US$ of GDP | 10 |
| 2000s | 85.07 current LCU per US$ of GDP | 69.73 current LCU per US$ of GDP | 113.74 current LCU per US$ of GDP | 10 |
| 2010s | 111.14 current LCU per US$ of GDP | 101.52 current LCU per US$ of GDP | 121.65 current LCU per US$ of GDP | 10 |
| 2020s | 134.59 current LCU per US$ of GDP | 128.9 current LCU per US$ of GDP | 139.71 current LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 54 French Polynesia 140.77 current LCU per US$ of GDP compare
- 55 Algeria 138.59 current LCU per US$ of GDP compare
- 56 Kenya 135.91 current LCU per US$ of GDP compare
- 58 Bangladesh 128.79 current LCU per US$ of GDP compare
- 59 Ethiopia 127.69 current LCU per US$ of GDP compare
- 60 New Caledonia 123.64 current 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)
- 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), annual growth rate 9.3 % change on previous year (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), per unit of gdp in Iceland?
- Gross national expenditure (current lcu), per unit of gdp in Iceland was 131.34 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross national expenditure (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 139.71 current LCU per US$ of GDP in 2024.
- What is the lowest gross national expenditure (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.87 current LCU per US$ of GDP in 1970.
- How does Iceland rank for gross national expenditure (current lcu), per unit of gdp?
- Iceland ranks 57th out of 186 countries with data for 2025.
- Is gross national expenditure (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is up 8.0%. 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), 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross national expenditure (current LCU) ÷ GDP (current US$)
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 (current 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.