Gross national expenditure in Iceland
Iceland: Gross national expenditure was 5.07 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
5.07 trillion current LCU
Change on year
up 9.3%
World rank
67th
of 185 countries
All-time high
5.07 trillion current LCU
in 2025
All-time low
474.25 million current LCU
in 1970
Years of data
56
1970–2025
Gross national expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross national expenditure in Iceland is 5.07 trillion current LCU, measured in 2025. That is the highest value across all 56 years on record.
The figure is up 9.3% on the previous year and up 135.3% over ten years.
Over the whole period, gross national expenditure in Iceland peaked at 5.07 trillion current LCU in 2025 and was at its lowest, 474.25 million current LCU, in 1970.
That places Iceland 67th 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 in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 474.25 million current LCU | — |
| 1971 | 659.40 million current LCU | +39.0% |
| 1972 | 790.01 million current LCU | +19.8% |
| 1973 | 1.12 billion current LCU | +41.3% |
| 1974 | 1.75 billion current LCU | +57.1% |
| 1975 | 2.47 billion current LCU | +40.9% |
| 1976 | 3.18 billion current LCU | +28.6% |
| 1977 | 4.65 billion current LCU | +46.3% |
| 1978 | 6.90 billion current LCU | +48.6% |
| 1979 | 10.39 billion current LCU | +50.5% |
| 1980 | 16.98 billion current LCU | +63.5% |
| 1981 | 26.79 billion current LCU | +57.8% |
| 1982 | 43.41 billion current LCU | +62.0% |
| 1983 | 70.05 billion current LCU | +61.3% |
| 1984 | 94.77 billion current LCU | +35.3% |
| 1985 | 128.76 billion current LCU | +35.9% |
| 1986 | 163.95 billion current LCU | +27.3% |
| 1987 | 224.59 billion current LCU | +37.0% |
| 1988 | 275.94 billion current LCU | +22.9% |
| 1989 | 328.92 billion current LCU | +19.2% |
| 1990 | 386.96 billion current LCU | +17.6% |
| 1991 | 429.39 billion current LCU | +11.0% |
| 1992 | 423.69 billion current LCU | -1.3% |
| 1993 | 422.73 billion current LCU | -0.2% |
| 1994 | 439.93 billion current LCU | +4.1% |
| 1995 | 461.05 billion current LCU | +4.8% |
| 1996 | 508.72 billion current LCU | +10.3% |
| 1997 | 544.67 billion current LCU | +7.1% |
| 1998 | 639.15 billion current LCU | +17.3% |
| 1999 | 688.15 billion current LCU | +7.7% |
| 2000 | 767.38 billion current LCU | +11.5% |
| 2001 | 817.75 billion current LCU | +6.6% |
| 2002 | 849.45 billion current LCU | +3.9% |
| 2003 | 913.02 billion current LCU | +7.5% |
| 2004 | 1.03 trillion current LCU | +13.3% |
| 2005 | 1.20 trillion current LCU | +16.4% |
| 2006 | 1.45 trillion current LCU | +20.0% |
| 2007 | 1.53 trillion current LCU | +6.0% |
| 2008 | 1.64 trillion current LCU | +7.0% |
| 2009 | 1.50 trillion current LCU | -8.3% |
| 2010 | 1.54 trillion current LCU | +2.1% |
| 2011 | 1.65 trillion current LCU | +7.2% |
| 2012 | 1.76 trillion current LCU | +6.8% |
| 2013 | 1.83 trillion current LCU | +3.9% |
| 2014 | 1.97 trillion current LCU | +7.8% |
| 2015 | 2.15 trillion current LCU | +9.3% |
| 2016 | 2.36 trillion current LCU | +9.8% |
| 2017 | 2.54 trillion current LCU | +7.6% |
| 2018 | 2.77 trillion current LCU | +9.0% |
| 2019 | 2.89 trillion current LCU | +4.2% |
| 2020 | 3.00 trillion current LCU | +3.6% |
| 2021 | 3.38 trillion current LCU | +12.9% |
| 2022 | 3.93 trillion current LCU | +16.2% |
| 2023 | 4.34 trillion current LCU | +10.5% |
| 2024 | 4.64 trillion current LCU | +6.8% |
| 2025 | 5.07 trillion current LCU | +9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.24 billion current LCU | 474.25 million current LCU | 10.39 billion current LCU | 10 |
| 1980s | 137.42 billion current LCU | 16.98 billion current LCU | 328.92 billion current LCU | 10 |
| 1990s | 494.44 billion current LCU | 386.96 billion current LCU | 688.15 billion current LCU | 10 |
| 2000s | 1.17 trillion current LCU | 767.38 billion current LCU | 1.64 trillion current LCU | 10 |
| 2010s | 2.15 trillion current LCU | 1.54 trillion current LCU | 2.89 trillion current LCU | 10 |
| 2020s | 4.06 trillion current LCU | 3.00 trillion current LCU | 5.07 trillion current LCU | 6 |
Countries ranked near Iceland
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)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 12.60 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 7.14 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 7.13 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
Frequently asked questions
- What is gross national expenditure in Iceland?
- Gross national expenditure in Iceland was 5.07 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Iceland?
- The highest recorded value was 5.07 trillion current LCU in 2025.
- What is the lowest gross national expenditure recorded in Iceland?
- The lowest recorded value was 474.25 million current LCU in 1970.
- How does Iceland rank for gross national expenditure?
- Iceland ranks 67th out of 185 countries with data for 2025.
- Is gross national expenditure rising or falling in Iceland?
- Over the last ten years it is up 135.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross national expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.