How does Iceland rank for general government final consumption expenditure?

Iceland ranks 59th out of 186 countries with data for 2025.

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

Over the last ten years it is up 131.8%. 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 General government final consumption expenditure (current 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 1.29 trillion current LCU in 2025. ◆ Volatile

Latest (2025)

1.29 trillion current LCU

Change on year

up 8.8%

World rank

59th

of 186 countries

All-time high

1.29 trillion current LCU

in 2025

All-time low

71.61 million current 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 current LCU.

Analysis

In 2025, general government final consumption expenditure in Iceland stood at 1.29 trillion current LCU. That is the highest value across all 56 years on record.

The figure is up 8.8% on the previous year and up 131.8% over ten years.

Over the whole period, general government final consumption expenditure in Iceland peaked at 1.29 trillion current LCU in 2025 and was at its lowest, 71.61 million current LCU, in 1970.

Iceland ranks 59th of 186 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	598.97 million current LCU	71.61 million current LCU	2.06 billion current LCU	10
1980s	29.00 billion current LCU	3.21 billion current LCU	72.82 billion current LCU	10
1990s	113.37 billion current LCU	84.24 billion current LCU	152.61 billion current LCU	10
2000s	280.07 billion current LCU	170.19 billion current LCU	424.11 billion current LCU	10
2010s	562.60 billion current LCU	432.30 billion current LCU	759.99 billion current LCU	10
2020s	1.06 trillion current LCU	838.20 billion current LCU	1.29 trillion current LCU	6

Countries ranked near Iceland

56 South Africa 1.44 trillion current LCU compare
57 Congo 1.41 trillion current LCU compare
58 Gabon 1.39 trillion current LCU compare
60 Benin 1.27 trillion current LCU compare
61 Norway 1.25 trillion current LCU compare
62 Chad 1.24 trillion current LCU compare

See the full ranking of 186 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 1.29 trillion current 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 1.29 trillion current LCU in 2025.
What is the lowest general government final consumption expenditure recorded in Iceland?: The lowest recorded value was 71.61 million current LCU in 1970.
How does Iceland rank for general government final consumption expenditure?: Iceland ranks 59th out of 186 countries with data for 2025.
Is general government final consumption expenditure rising or falling in Iceland?: Over the last ten years it is up 131.8%. 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 General government final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.

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About this data

Indicator: General government final consumption expenditure (current LCU)
Unit: current LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 186 places, 8,735 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.