Iceland - Final consumption expenditure (current LCU)

The value for Final consumption expenditure (current LCU) in Iceland was 2,327,940,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 2,327,940,000,000 in 2020 and a minimum value of 330,612,000 in 1970.

Definition: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1970 330,612,000
1971 421,264,000
1972 531,406,000
1973 709,356,000
1974 1,091,450,000
1975 1,547,543,000
1976 2,108,582,000
1977 3,043,678,000
1978 4,809,617,000
1979 7,259,348,000
1980 11,581,620,000
1981 18,444,260,000
1982 29,724,020,000
1983 51,663,410,000
1984 68,305,310,000
1985 95,844,000,000
1986 124,743,000,000
1987 167,891,000,000
1988 205,838,000,000
1989 250,032,000,000
1990 294,196,000,000
1991 324,033,000,000
1992 326,983,000,000
1993 328,918,000,000
1994 344,922,000,000
1995 361,108,000,000
1996 388,889,000,000
1997 417,370,000,000
1998 473,574,000,000
1999 525,922,000,000
2000 581,467,000,000
2001 625,394,000,000
2002 671,279,000,000
2003 715,966,000,000
2004 783,781,000,000
2005 879,532,000,000
2006 988,575,000,000
2007 1,101,460,000,000
2008 1,209,160,000,000
2009 1,246,340,000,000
2010 1,281,650,000,000
2011 1,354,370,000,000
2012 1,443,240,000,000
2013 1,513,550,000,000
2014 1,594,060,000,000
2015 1,689,490,000,000
2016 1,815,740,000,000
2017 1,949,050,000,000
2018 2,116,580,000,000
2019 2,263,620,000,000
2020 2,327,940,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts