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Iceland: Household consumption (% of GDP)

Percent of GDP · 1950–2025 · 76 observations · forecasts to 2026 · hcons_GDP

2025
50.2%percent of GDP
Change on 2024
+0.3 pointsfrom 50.0%
Average, 2016–2025
50.3%10 years
Record high and low
76.0% (1951)low 49.3% (2016)

Household consumption (% of GDP)

Report error
45%50%55%60%65%70%75%80%19501960197019801990200020102020IcelandIceland
ForecastPercent of GDP

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

Recent values

Percent of GDP

YearValue
202650.0Forecast
202550.2
202450.0
202349.5
202250.2
202151.4
202052.0
201950.2
201850.3
201750.1
201649.3

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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