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Iceland: Total consumption

Millions of local currency · 1950–2025 · 76 observations · forecasts to 2026 · cons

2025
3.73 trillionlocal currency
Change on 2024
+8.4%year on year
Average growth, 2015–2025
+8.2%a year
In US dollars, 2025
$29 billionUS dollars

Total consumption

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10M100M1B10B100B1T10T19501960197019801990200020102020IcelandIceland
ForecastLocal currency

Compare with other countries →Definition of Total consumption

Recent values

Millions of local currency

YearValue
20263,912,416Forecast
20253,731,087
20243,441,334
20233,225,307
20222,948,527
20212,583,599
20202,344,193
20192,262,391
20182,116,943
20171,949,054
20161,815,740

Sources

  • Penn World Table1950–2019
  • Statistics Iceland1960–1990
  • WDI (archive)1960–1996
  • OECD Economic Outlook1960–2025
  • United Nations1970–2024
  • World Development Indicators1970–2025
  • Eurostat1995–2025
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

Iceland documentation (PDF)

More for Iceland

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

Total consumption elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms