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Household consumption (% of GDP) — all countries

Household consumption (% of GDP) — Iceland

Household consumption (% of GDP) in Iceland in 2025 — 49.6%. Ranked 112 in the world out of 131. Since 1970, the indicator has fallen by 8.4 pp.

2025 49.6% +0.5 pp vs 2024
World rank 112of 131
Period maximum 59.7%1987
Period minimum 48.6%2016

Trend over time

1970–2025 · % of GDP

Household consumption (% of GDP) — Iceland, 1970–20254550556019701976198219881994200020062012201820241970: 58%1971: 57.6%1972: 56.5%1973: 53.4%1974: 55.7%1975: 54.8%1976: 53.4%1977: 53.2%1978: 53.6%1979: 54.6%1980: 54.4%1981: 55.8%1982: 56.9%1983: 56.9%1984: 58.5%1985: 59.7%1986: 57.9%1987: 59.7%1988: 58.4%1989: 57.9%1990: 56.9%1991: 57.7%1992: 57.8%1993: 55.4%1994: 54.5%1995: 55.2%1996: 55.6%1997: 55.9%1998: 56.3%1999: 58%2000: 58.5%2001: 54.4%2002: 53.5%2003: 55.7%2004: 55.9%2005: 57.4%2006: 55.7%2007: 54.9%2008: 51.4%2009: 51.2%2010: 51%2011: 51.4%2012: 52.9%2013: 52.2%2014: 51.8%2015: 49.2%2016: 48.6%2017: 49.5%2018: 49.5%2019: 49.4%2020: 51.2%2021: 51.2%2022: 49.8%2023: 48.7%2024: 49.1%2025: 49.6%
Change over the period: −8.4 pp Annual average: -0.15 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 49.6%
Europe & Central Asia 53.7%
Northern Europe computed 52.2%
Household consumption (% of GDP) — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 49.6 +0.5 pp
2024 49.1 +0.4 pp
2023 48.7 −1.1 pp
2022 49.8 −1.5 pp
2021 51.2 −0 pp
2020 51.2 +1.9 pp
2019 49.4 −0.2 pp
2018 49.5 +0.1 pp
2017 49.5 +0.9 pp
2016 48.6 −0.6 pp
2015 49.2 −2.6 pp
2014 51.8 −0.4 pp
2013 52.2 −0.8 pp
2012 52.9 +1.5 pp
2011 51.4 +0.5 pp
2010 51 −0.3 pp
2009 51.2 −0.1 pp
2008 51.4 −3.5 pp
2007 54.9 −0.8 pp
2006 55.7 −1.7 pp
2005 57.4 +1.5 pp
2004 55.9 +0.2 pp
2003 55.7 +2.2 pp
2002 53.5 −0.9 pp
2001 54.4 −4.1 pp
2000 58.5 +0.4 pp
1999 58 +1.7 pp
1998 56.3 +0.4 pp
1997 55.9 +0.2 pp
1996 55.6 +0.5 pp
1995 55.2 +0.7 pp
1994 54.5 −0.9 pp
1993 55.4 −2.4 pp
1992 57.8 +0.1 pp
1991 57.7 +0.8 pp
1990 56.9 −1 pp
1989 57.9 −0.5 pp
1988 58.4 −1.3 pp
1987 59.7 +1.8 pp
1986 57.9 −1.8 pp
1985 59.7 +1.2 pp
1984 58.5 +1.6 pp
1983 56.9 +0 pp
1982 56.9 +1 pp
1981 55.8 +1.4 pp
1980 54.4 −0.1 pp
1979 54.6 +1 pp
1978 53.6 +0.4 pp
1977 53.2 −0.1 pp
1976 53.4 −1.5 pp
1975 54.8 −0.9 pp
1974 55.7 +2.3 pp
1973 53.4 −3 pp
1972 56.5 −1.2 pp
1971 57.6 −0.3 pp
1970 58 —

Northern Europe, 2025

The same indicator for neighboring countries — with links to their pages

GB United Kingdom 60.4 LV Latvia 57.6 LT Lithuania 54.6 EE Estonia 52.7 FI Finland 50.8 IS Iceland 49.6 SE Sweden 46 DK Denmark 43.6 NO Norway 42.5 IE Ireland 25.2
Full table for all countries

About the indicator

Household final consumption expenditure as a percent of GDP — the market value of all goods and services bought by the population, including the imputed rent of owner-occupied housing. A low consumption share alongside a high share of capital formation is typical of investment- and export-driven economies; a high one, of countries short of savings.

Source: World Development Indicators (World Bank), license CC BY 4.0.

Other indicators for Iceland

Economy Household consumption

How much money the residents of a country spend in a year on goods and services for themselves.

Iceland by year Economy Gross capital formation (% of GDP)

Investment in fixed assets and inventories as a percent of GDP — the base of future growth.

Iceland by year Economy Government consumption (% of GDP)

The share of GDP taken by government final consumption spending.

Iceland by year Economy GDP

Gross domestic product in current US dollars — the size of a country's economy.

Iceland by year Economy GDP per capita

GDP divided by the population, in current US dollars.

Iceland by year Economy GDP growth

The annual growth rate of GDP in constant prices — with inflation stripped out.

Iceland by year
All indicators for Iceland