Gross national expenditure in Iceland
Iceland: Gross national expenditure was 102.3% in 2025. ▼ Falling
Gross national expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, gross national expenditure in Iceland stood at 102.3%.
Compared with earlier readings it is up 1.0% on the previous year and up 10.9% over ten years.
Over the whole period, gross national expenditure in Iceland peaked at 116.5% in 2006 and was at its lowest, 90.2%, in 2010.
Iceland ranks 92nd of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 56 years of available data.
Gross national expenditure in Iceland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 98.9% | — |
| 1971 | 108.0% | +9.3% |
| 1972 | 103.0% | -4.6% |
| 1973 | 103.6% | +0.6% |
| 1974 | 111.8% | +7.9% |
| 1975 | 110.4% | -1.3% |
| 1976 | 100.9% | -8.6% |
| 1977 | 102.2% | +1.3% |
| 1978 | 98.0% | -4.2% |
| 1979 | 99.8% | +1.9% |
| 1980 | 101.2% | +1.4% |
| 1981 | 102.6% | +1.4% |
| 1982 | 105.9% | +3.2% |
| 1983 | 98.5% | -7.0% |
| 1984 | 100.9% | +2.4% |
| 1985 | 100.4% | -0.4% |
| 1986 | 96.6% | -3.8% |
| 1987 | 101.6% | +5.2% |
| 1988 | 101.5% | -0.1% |
| 1989 | 98.2% | -3.2% |
| 1990 | 99.2% | +1.0% |
| 1991 | 101.8% | +2.6% |
| 1992 | 100.5% | -1.3% |
| 1993 | 97.2% | -3.3% |
| 1994 | 95.1% | -2.1% |
| 1995 | 96.7% | +1.6% |
| 1996 | 99.5% | +3.0% |
| 1997 | 99.5% | +0.0% |
| 1998 | 104.3% | +4.8% |
| 1999 | 104.5% | +0.2% |
| 2000 | 106.8% | +2.2% |
| 2001 | 100.8% | -5.6% |
| 2002 | 98.4% | -2.4% |
| 2003 | 102.9% | +4.6% |
| 2004 | 105.6% | +2.6% |
| 2005 | 111.5% | +5.7% |
| 2006 | 116.5% | +4.5% |
| 2007 | 108.9% | -6.6% |
| 2008 | 102.1% | -6.2% |
| 2009 | 92.0% | -9.9% |
| 2010 | 90.2% | -2.0% |
| 2011 | 92.2% | +2.2% |
| 2012 | 94.1% | +2.0% |
| 2013 | 92.0% | -2.1% |
| 2014 | 93.5% | +1.5% |
| 2015 | 92.2% | -1.3% |
| 2016 | 92.8% | +0.6% |
| 2017 | 95.0% | +2.4% |
| 2018 | 96.0% | +1.0% |
| 2019 | 94.4% | -1.7% |
| 2020 | 100.4% | +6.4% |
| 2021 | 101.5% | +1.1% |
| 2022 | 99.6% | -1.9% |
| 2023 | 99.3% | -0.3% |
| 2024 | 101.3% | +2.0% |
| 2025 | 102.3% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 103.7% | 98.0% | 111.8% | 10 |
| 1980s | 100.7% | 96.6% | 105.9% | 10 |
| 1990s | 99.8% | 95.1% | 104.5% | 10 |
| 2000s | 104.6% | 92.0% | 116.5% | 10 |
| 2010s | 93.2% | 90.2% | 96.0% | 10 |
| 2020s | 100.7% | 99.3% | 102.3% | 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)
- 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 102.3% 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 116.5% in 2006.
- What is the lowest gross national expenditure recorded in Iceland?
- The lowest recorded value was 90.2% in 2010.
- How does Iceland rank for gross national expenditure?
- Iceland ranks 92nd out of 186 countries with data for 2025.
- Is gross national expenditure rising or falling in Iceland?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.