Iceland vs Saudi Arabia: Final consumption expenditure
Final consumption expenditure over time
- Iceland
- Saudi Arabia
How they compare
Iceland currently reports 3.75 trillion current LCU against 3.20 trillion current LCU in Saudi Arabia, a difference of 551.81 billion current LCU.
That makes Iceland's figure about 1.2 times Saudi Arabia's.
The two have swapped places 5 times across 56 shared years of data; in 1970 it was Saudi Arabia ahead.
Globally, Iceland ranks 70th and Saudi Arabia ranks 73rd of 187 countries.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.