Iceland Consumer Spending 1970-2024

Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.
  • Iceland consumer spending for 2023 was $15.51B, a 7.48% increase from 2022.
  • Iceland consumer spending for 2022 was $14.43B, a 8.61% increase from 2021.
  • Iceland consumer spending for 2021 was $13.28B, a 18.21% increase from 2020.
  • Iceland consumer spending for 2020 was $11.24B, a 9.25% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Germany $2,259.53B
United Kingdom $2,064.94B
France $1,628.36B
Italy $1,342.80B
Canada $1,181.87B
Spain $879.14B
Australia $855.82B
South Korea $838.03B
Netherlands $486.43B
Poland $464.25B
Switzerland $456.71B
Argentina $430.17B
Saudi Arabia $426.56B
Belgium $324.71B
Hong Kong $268.43B
Austria $267.09B
Sweden $256.06B
Israel $245.63B
Chile $203.46B
Denmark $185.09B
Norway $182.15B
Portugal $179.66B
Greece $162.90B
Finland $157.50B
Singapore $157.02B
Czech Republic $150.99B
Ireland $147.58B
Hungary $105.15B
Puerto Rico $94.27B
Slovak Republic $78.26B
Croatia $47.97B
Lithuania $45.74B
Slovenia $36.18B
Luxembourg $27.63B
Latvia $26.67B
Estonia $21.58B
Cyprus $19.31B
Iceland $15.51B
Macao $13.64B
Bahamas $9.67B
Malta $9.09B
Brunei $4.17B
Seychelles $1.58B
Iceland Consumer Spending - Historical Data
Year Spending Per Capita Growth Rate
2023 $15.51B $30,657 0.46%
2022 $14.43B $31,425 8.30%
2021 $13.28B $29,756 6.95%
2020 $11.24B $28,283 -3.11%
2019 $12.38B $29,668 1.75%
2018 $13.21B $29,807 4.83%
2017 $12.39B $29,206 7.97%
2016 $10.25B $27,693 6.73%
2015 $8.70B $26,308 4.49%
2014 $9.34B $25,443 2.91%
2013 $8.46B $25,001 1.07%
2012 $7.89B $24,972 1.82%
2011 $7.89B $24,656 2.14%
2010 $7.07B $24,213 -0.26%
2009 $6.75B $24,241 -12.50%
2008 $9.36B $27,799 -6.70%
2007 $12.04B $30,353 6.62%
2006 $9.84B $29,198 3.85%
2005 $9.84B $28,784 11.66%
2004 $7.81B $26,188 7.15%
2003 $6.45B $24,657 5.94%
2002 $5.04B $23,436 -0.72%
2001 $4.53B $23,819 -2.79%
2000 $5.35B $24,830 3.95%
1999 $5.29B $24,216 7.28%
1998 $4.87B $22,848 11.78%
1997 $4.31B $20,660 6.29%
1996 $4.28B $19,597 5.03%
1995 $4.07B $18,760 2.16%
1994 $3.60B $18,462 2.87%
1993 $3.57B $18,103 -4.64%
1992 $4.24B $19,178 -3.24%
1991 $4.13B $20,070 3.01%
1990 $3.81B $19,711 %
1989 $3.40B %
1988 $3.69B %
1987 $3.41B %
1986 $2.39B %
1985 $1.84B %
1984 $1.73B %
1983 $1.63B %
1982 $1.89B %
1981 $2.02B %
1980 $1.90B %
1979 $1.61B %
1978 $1.39B %
1977 $1.22B %
1976 $0.92B %
1975 $0.80B %
1974 $0.87B %
1973 $0.64B %
1972 $0.49B %
1971 $0.40B %
1970 $0.32B %