How does Iceland rank for general government final consumption expenditure?

Iceland ranks 52nd out of 175 countries with data for 2025.

Is general government final consumption expenditure rising or falling in Iceland?

Over the last ten years it is up 29.6%. 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 General government final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.

General government final consumption expenditure in Iceland

Name: General government final consumption expenditure in Iceland
Creator: Country official statistics, National Statistical Organizations and/or Central Banks
License: CC BY 4.0 (World Bank Open Data)

Iceland: General government final consumption expenditure was 921.81 billion constant LCU in 2025. ▲ Rising

Latest (2025)

921.81 billion constant LCU

Change on year

up 1.2%

World rank

52nd

of 175 countries

All-time high

921.81 billion constant LCU

in 2025

All-time low

143.17 billion constant LCU

in 1970

Years of data

1970–2025

General government 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 921.81 billion constant LCU for general government final consumption expenditure in 2025. That is the highest value across all 56 years on record.

The figure is up 1.2% on the previous year and up 29.6% over ten years.

Over the whole period, general government final consumption expenditure in Iceland peaked at 921.81 billion constant LCU in 2025 and was at its lowest, 143.17 billion constant LCU, in 1970.

That places Iceland 52nd out of 175 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	211.77 billion constant LCU	143.17 billion constant LCU	275.17 billion constant LCU	10
1980s	359.91 billion constant LCU	280.97 billion constant LCU	441.95 billion constant LCU	10
1990s	498.00 billion constant LCU	461.18 billion constant LCU	537.69 billion constant LCU	10
2000s	668.61 billion constant LCU	564.14 billion constant LCU	770.38 billion constant LCU	10
2010s	731.82 billion constant LCU	709.08 billion constant LCU	799.38 billion constant LCU	10
2020s	882.97 billion constant LCU	838.20 billion constant LCU	921.81 billion constant LCU	6

Countries ranked near Iceland

49 Gabon 992.10 billion constant LCU compare
50 Democratic Republic of Congo 964.72 billion constant LCU compare
51 Saudi Arabia 951.48 billion constant LCU compare
53 South Africa 913.14 billion constant LCU compare
54 Brazil 861.48 billion constant LCU compare
55 Germany 827.49 billion constant LCU compare

See the full ranking of 175 places →

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)

All data for Iceland →

Frequently asked questions

What is general government final consumption expenditure in Iceland?: General government final consumption expenditure in Iceland was 921.81 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
What is the highest general government final consumption expenditure recorded in Iceland?: The highest recorded value was 921.81 billion constant LCU in 2025.
What is the lowest general government final consumption expenditure recorded in Iceland?: The lowest recorded value was 143.17 billion constant LCU in 1970.
How does Iceland rank for general government final consumption expenditure?: Iceland ranks 52nd out of 175 countries with data for 2025.
Is general government final consumption expenditure rising or falling in Iceland?: Over the last ten years it is up 29.6%. 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 General government final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator: General government final consumption expenditure (constant LCU)
Unit: constant LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 175 places, 7,363 data points, 1960–2025
Last refreshed: 06 August 2026

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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.