Iceland - General government final consumption expenditure (current LCU)

The value for General government final consumption expenditure (current LCU) in Iceland was 818,915,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 818,915,000,000 in 2020 and a minimum value of 61,490,000 in 1970.

Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current local currency.

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

Year Value
1970 61,490,000
1971 80,866,000
1972 112,693,000
1973 153,185,000
1974 247,952,000
1975 362,300,000
1976 485,627,000
1977 706,425,000
1978 1,161,328,000
1979 1,771,580,000
1980 2,754,300,000
1981 4,361,128,000
1982 7,198,958,000
1983 12,543,350,000
1984 15,226,550,000
1985 21,894,770,000
1986 29,678,800,000
1987 40,368,530,000
1988 52,444,540,000
1989 62,529,540,000
1990 72,339,800,000
1991 80,749,520,000
1992 83,157,200,000
1993 87,813,820,000
1994 92,830,890,000
1995 97,904,910,000
1996 104,486,000,000
1997 111,586,000,000
1998 128,286,000,000
1999 143,527,000,000
2000 161,192,000,000
2001 184,139,000,000
2002 209,421,000,000
2003 221,417,000,000
2004 235,778,000,000
2005 259,581,000,000
2006 297,930,000,000
2007 330,160,000,000
2008 385,669,000,000
2009 411,539,000,000
2010 417,233,000,000
2011 439,056,000,000
2012 456,791,000,000
2013 479,733,000,000
2014 503,311,000,000
2015 541,371,000,000
2016 578,018,000,000
2017 625,544,000,000
2018 686,635,000,000
2019 744,069,000,000
2020 818,915,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts