Gross national expenditure in Iceland
Iceland: Gross national expenditure was 39.45 billion current US$ in 2025. ◆ Volatile
Gross national expenditure in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, gross national expenditure in Iceland stood at 39.45 billion current US$. That is the highest value across all 56 years on record.
That represents a change of up 17.4% on the previous year and up 141.7% over ten years.
Over the whole period, gross national expenditure in Iceland peaked at 39.45 billion current US$ in 2025 and was at its lowest, 538.92 million current US$, in 1970.
Iceland ranks 101st of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.64 billion current US$ | 538.92 million current US$ | 2.95 billion current US$ | 10 |
| 1980s | 4.17 billion current US$ | 2.82 billion current US$ | 6.42 billion current US$ | 10 |
| 1990s | 7.48 billion current US$ | 6.25 billion current US$ | 9.51 billion current US$ | 10 |
| 2000s | 14.85 billion current US$ | 8.39 billion current US$ | 23.91 billion current US$ | 10 |
| 2010s | 18.15 billion current US$ | 12.56 billion current US$ | 25.61 billion current US$ | 10 |
| 2020s | 30.39 billion current US$ | 22.12 billion current US$ | 39.45 billion current US$ | 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 gross national expenditure in Iceland?
- Gross national expenditure in Iceland was 39.45 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Iceland?
- The highest recorded value was 39.45 billion current US$ in 2025.
- What is the lowest gross national expenditure recorded in Iceland?
- The lowest recorded value was 538.92 million current US$ in 1970.
- How does Iceland rank for gross national expenditure?
- Iceland ranks 101st out of 185 countries with data for 2025.
- Is gross national expenditure rising or falling in Iceland?
- Over the last ten years it is up 141.7%. 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 Gross national expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.