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Iceland: Household consumption

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

2025
2.47 trillionlocal currency
Change on 2024
+8.5%year on year
Average growth, 2015–2025
+8.0%a year
In US dollars, 2025
$19.2 billionUS dollars

Household consumption

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10M100M1B10B100B1T10T19501960197019801990200020102020IcelandIceland
ForecastLocal currency

Compare with other countries →Definition of Household consumption

Recent values

Millions of local currency

YearValue
20262,585,907Forecast
20252,469,051
20242,275,214
20232,140,722
20221,951,903
20211,687,022
20201,521,959
20191,518,353
20181,430,183
20171,323,510
20161,237,722

Sources

  • Penn World Table1950–2019
  • 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 →

Household consumption elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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 →

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