Final consumption expenditure in Iceland
Iceland: Final consumption expenditure was 3.75 trillion current LCU in 2025. ◆ Volatile
Final consumption expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, final consumption expenditure in Iceland stood at 3.75 trillion current LCU. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 9.2% on the previous year and up 120.0% over ten years.
Over the whole period, final consumption expenditure in Iceland peaked at 3.75 trillion current LCU in 2025 and was at its lowest, 345.36 million current LCU, in 1970.
Iceland ranks 70th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.28 billion current LCU | 345.36 million current LCU | 7.58 billion current LCU | 10 |
| 1980s | 106.97 billion current LCU | 12.10 billion current LCU | 261.19 billion current LCU | 10 |
| 1990s | 392.06 billion current LCU | 307.32 billion current LCU | 535.01 billion current LCU | 10 |
| 2000s | 891.18 billion current LCU | 590.47 billion current LCU | 1.26 trillion current LCU | 10 |
| 2010s | 1.72 trillion current LCU | 1.30 trillion current LCU | 2.27 trillion current LCU | 10 |
| 2020s | 3.06 trillion current LCU | 2.37 trillion current LCU | 3.75 trillion current 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 3.75 trillion current 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 3.75 trillion current LCU in 2025.
- What is the lowest final consumption expenditure recorded in Iceland?
- The lowest recorded value was 345.36 million current LCU in 1970.
- How does Iceland rank for final consumption expenditure?
- Iceland ranks 70th out of 187 countries with data for 2025.
- Is final consumption expenditure rising or falling in Iceland?
- Over the last ten years it is up 120.0%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.