Final consumption expenditure in Iceland
Iceland: Final consumption expenditure was 2.80 trillion constant LCU in 2025. ▲ Rising
Final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iceland recorded 2.80 trillion constant LCU 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 2.80 trillion constant LCU in 2025 and was at its lowest, 473.24 billion constant LCU, in 1970.
Iceland ranks 60th of 176 countries on this measure, 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 | 668.53 billion constant LCU | 473.24 billion constant LCU | 847.89 billion constant LCU | 10 |
| 1980s | 1.05 trillion constant LCU | 874.27 billion constant LCU | 1.24 trillion constant LCU | 10 |
| 1990s | 1.32 trillion constant LCU | 1.20 trillion constant LCU | 1.57 trillion constant LCU | 10 |
| 2000s | 1.88 trillion constant LCU | 1.63 trillion constant LCU | 2.19 trillion constant LCU | 10 |
| 2010s | 2.08 trillion constant LCU | 1.90 trillion constant LCU | 2.37 trillion constant LCU | 10 |
| 2020s | 2.62 trillion constant LCU | 2.37 trillion constant LCU | 2.80 trillion constant LCU | 6 |
Countries ranked near Iceland
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 2.80 trillion constant LCU 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 2.80 trillion constant LCU in 2025.
- What is the lowest final consumption expenditure recorded in Iceland?
- The lowest recorded value was 473.24 billion constant LCU in 1970.
- How does Iceland rank for final consumption expenditure?
- Iceland ranks 60th out of 176 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 LCU). 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 varies by country. This series is expressed in local currency units.