Oil share of electricity — all countries

Oil share of electricity — Iceland

Oil share of electricity in Iceland in 2024 — 0.02%. Ranked 3 in the world out of 41. Since 1990, the indicator has fallen by 0.11 pp.

2024 0.02% +0 pp vs 2023
World rank 3of 41
Period maximum 0.18%1995
Period minimum 0.01%2018

Trend over time

1990–2024 · % of generation

Oil share of electricity — Iceland, 1990–202400.050.10.150.219901994199820022006201020142018202220241990: 0.13%1991: 0.16%1992: 0.13%1993: 0.11%1994: 0.1%1995: 0.18%1996: 0.1%1997: 0.07%1998: 0.08%1999: 0.07%2000: 0.07%2001: 0.05%2002: 0.07%2003: 0.07%2004: 0.05%2005: 0.06%2006: 0.04%2007: 0.02%2008: 0.01%2009: 0.01%2010: 0.01%2011: 0.01%2012: 0.02%2013: 0.03%2014: 0.02%2015: 0.02%2016: 0.02%2017: 0.01%2018: 0.01%2019: 0.01%2020: 0.02%2021: 0.01%2022: 0.01%2023: 0.02%2024: 0.02%
Change over the period: −0.11 pp Annual average: 0 pp

Comparison, 2024

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

Iceland 0.02%
World 1.34%
Northern Europe computed 0.41%
Oil share of electricity — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2024 0.02 +0 pp
2023 0.02 +0.01 pp
2022 0.01 −0 pp
2021 0.01 −0.01 pp
2020 0.02 +0.01 pp
2019 0.01 +0.01 pp
2018 0.01 −0.01 pp
2017 0.01 −0.01 pp
2016 0.02 −0.01 pp
2015 0.02 +0 pp
2014 0.02 −0.01 pp
2013 0.03 +0.01 pp
2012 0.02 +0.01 pp
2011 0.01 −0 pp
2010 0.01 −0 pp
2009 0.01 −0 pp
2008 0.01 −0 pp
2007 0.02 −0.02 pp
2006 0.04 −0.02 pp
2005 0.06 +0.01 pp
2004 0.05 −0.02 pp
2003 0.07 −0 pp
2002 0.07 +0.02 pp
2001 0.05 −0.02 pp
2000 0.07 −0 pp
1999 0.07 −0.01 pp
1998 0.08 +0.01 pp
1997 0.07 −0.03 pp
1996 0.1 −0.08 pp
1995 0.18 +0.08 pp
1994 0.1 −0 pp
1993 0.11 −0.03 pp
1992 0.13 −0.02 pp
1991 0.16 +0.02 pp
1990 0.13

About the indicator

The share of electricity generated from oil and petroleum products. In large power systems this share is close to zero: burning oil for electricity is expensive, and it is more profitable to send it to transport. It is high where there is no other choice — on islands and in isolated systems, to which diesel can be shipped but where a pipeline or a large hydro plant cannot be built. A high value therefore usually says not that a country is rich in oil but that it is isolated.

Important: Aggregates are weighted by generation in terawatt-hours and computed from 2000 onward. A high value usually means an isolated power system rather than oil wealth.

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