Gross national expenditure in Iceland
Iceland: Gross national expenditure was 101.06 in 2024. ▼ Falling
Latest (2024)
101.06
Change on year
up 2.0%
World rank
28th
of 71 countries
All-time high
116.53
in 2006
All-time low
90.19
in 2010
Years of data
55
1970–2024
Gross national expenditure in Iceland, 1970–2024
Source: UNICEF.
Analysis
The most recent figure for gross national expenditure in Iceland is 101.06, measured in 2024.
Compared with earlier readings it is up 2.0% on the previous year and up 8.1% over ten years.
Over the whole period, gross national expenditure in Iceland peaked at 116.53 in 2006 and was at its lowest, 90.19, in 2010.
Iceland ranks 28th of 71 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross national expenditure in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 98.86 | — |
| 1971 | 108.02 | +9.3% |
| 1972 | 103 | -4.6% |
| 1973 | 103.63 | +0.6% |
| 1974 | 111.84 | +7.9% |
| 1975 | 110.39 | -1.3% |
| 1976 | 100.93 | -8.6% |
| 1977 | 102.24 | +1.3% |
| 1978 | 97.96 | -4.2% |
| 1979 | 99.79 | +1.9% |
| 1980 | 101.16 | +1.4% |
| 1981 | 102.59 | +1.4% |
| 1982 | 105.91 | +3.2% |
| 1983 | 98.5 | -7.0% |
| 1984 | 100.86 | +2.4% |
| 1985 | 100.44 | -0.4% |
| 1986 | 96.6 | -3.8% |
| 1987 | 101.64 | +5.2% |
| 1988 | 101.5 | -0.1% |
| 1989 | 98.22 | -3.2% |
| 1990 | 99.17 | +1.0% |
| 1991 | 101.78 | +2.6% |
| 1992 | 100.47 | -1.3% |
| 1993 | 97.16 | -3.3% |
| 1994 | 95.11 | -2.1% |
| 1995 | 96.67 | +1.6% |
| 1996 | 99.52 | +3.0% |
| 1997 | 99.55 | +0.0% |
| 1998 | 104.28 | +4.8% |
| 1999 | 104.45 | +0.2% |
| 2000 | 106.79 | +2.2% |
| 2001 | 100.84 | -5.6% |
| 2002 | 98.42 | -2.4% |
| 2003 | 102.92 | +4.6% |
| 2004 | 105.56 | +2.6% |
| 2005 | 111.53 | +5.7% |
| 2006 | 116.53 | +4.5% |
| 2007 | 108.86 | -6.6% |
| 2008 | 102.07 | -6.2% |
| 2009 | 91.99 | -9.9% |
| 2010 | 90.19 | -2.0% |
| 2011 | 92.22 | +2.2% |
| 2012 | 94.06 | +2.0% |
| 2013 | 92.05 | -2.1% |
| 2014 | 93.46 | +1.5% |
| 2015 | 92.22 | -1.3% |
| 2016 | 92.78 | +0.6% |
| 2017 | 95.02 | +2.4% |
| 2018 | 95.99 | +1.0% |
| 2019 | 94.36 | -1.7% |
| 2020 | 100.38 | +6.4% |
| 2021 | 101.5 | +1.1% |
| 2022 | 99.57 | -1.9% |
| 2023 | 99.11 | -0.5% |
| 2024 | 101.06 | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 103.67 | 97.96 | 111.84 | 10 |
| 1980s | 100.74 | 96.6 | 105.91 | 10 |
| 1990s | 99.82 | 95.11 | 104.45 | 10 |
| 2000s | 104.55 | 91.99 | 116.53 | 10 |
| 2010s | 93.24 | 90.19 | 95.99 | 10 |
| 2020s | 100.32 | 99.11 | 101.5 | 5 |
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)
- Gross capital formation (current US$), annual growth rate 17.72 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2657 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 26,128 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.6 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 34.13 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3.36 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross national expenditure in Iceland?
- Gross national expenditure in Iceland was 101.06 in 2024, according to UNICEF.
- What is the highest gross national expenditure recorded in Iceland?
- The highest recorded value was 116.53 in 2006.
- What is the lowest gross national expenditure recorded in Iceland?
- The lowest recorded value was 90.19 in 2010.
- How does Iceland rank for gross national expenditure?
- Iceland ranks 28th out of 71 countries with data for 2024.
- Is gross national expenditure rising or falling in Iceland?
- Over the last ten years it is up 8.1%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from UNICEF, published as part of Gross national expenditure (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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