Final consumption expenditure in Iceland
Iceland: Final consumption expenditure was 17.78 billion constant 2015 US$ in 2025. ▲ Rising
Final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Iceland recorded 17.78 billion constant 2015 US$ for final consumption expenditure in 2025. That is the highest value across all 56 years on record.
The figure is up 3.3% on the previous year and up 37.5% over ten years.
Over the whole period, final consumption expenditure in Iceland peaked at 17.78 billion constant 2015 US$ in 2025 and was at its lowest, 3.00 billion constant 2015 US$, in 1970.
That places Iceland 110th out of 171 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.24 billion constant 2015 US$ | 3.00 billion constant 2015 US$ | 5.38 billion constant 2015 US$ | 10 |
| 1980s | 6.66 billion constant 2015 US$ | 5.55 billion constant 2015 US$ | 7.90 billion constant 2015 US$ | 10 |
| 1990s | 8.37 billion constant 2015 US$ | 7.65 billion constant 2015 US$ | 9.98 billion constant 2015 US$ | 10 |
| 2000s | 11.90 billion constant 2015 US$ | 10.34 billion constant 2015 US$ | 13.92 billion constant 2015 US$ | 10 |
| 2010s | 13.21 billion constant 2015 US$ | 12.08 billion constant 2015 US$ | 15.02 billion constant 2015 US$ | 10 |
| 2020s | 16.63 billion constant 2015 US$ | 15.02 billion constant 2015 US$ | 17.78 billion constant 2015 US$ | 6 |
Countries ranked near Iceland
- 107 Mozambique 20.64 billion constant 2015 US$ compare
- 108 Macao 19.55 billion constant 2015 US$ compare
- 109 Zimbabwe 18.84 billion constant 2015 US$ compare
- 111 Haiti 16.69 billion constant 2015 US$ compare
- 112 Burkina Faso 16.22 billion constant 2015 US$ compare
- 113 Mongolia 15.92 billion constant 2015 US$ compare
More economy & growth data for Iceland
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -40.83 billion current LCU (2024)
- Net primary income (Net income from abroad) -295.94 million current US$ (2024)
- GNI per capita 12.60 million current LCU (2025)
- GNI per capita, Atlas method 89,220 current US$ (2025)
- GNI 4.94 trillion current LCU (2025)
Frequently asked questions
- What is final consumption expenditure in Iceland?
- Final consumption expenditure in Iceland was 17.78 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Iceland?
- The highest recorded value was 17.78 billion constant 2015 US$ in 2025.
- What is the lowest final consumption expenditure recorded in Iceland?
- The lowest recorded value was 3.00 billion constant 2015 US$ in 1970.
- How does Iceland rank for final consumption expenditure?
- Iceland ranks 110th out of 171 countries with data for 2025.
- Is final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 37.5%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.