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Iceland: Household consumption (% of GDP)

Percent of GDP · 1950–2025 · 76 observations · forecasts to 2027 · hcons_GDP

2025
49.6%percent of GDP
Change on 2024
+0.5 pointsfrom 49.1%
Average, 2016–2025
49.7%10 years
Record high and low
73.4% (1951)low 48.6% (2016)

Household consumption (% of GDP)

Report error
45%50%55%60%65%70%75%19501960197019801990200020102020IcelandIceland
ForecastPercent of GDP

Compare with other countries →Definition of Household consumption (% of GDP)

Recent values

Percent of GDP

YearValue
202749.4Forecast
202649.5Forecast
202549.6
202449.1
202348.7
202249.8
202151.2
202051.2
201949.4
201849.5
201749.5
201648.6

Sources

This series is derived from other GMD variables.

Iceland documentation (PDF)

More for Iceland

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

Household consumption (% of GDP) 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 →

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