Iceland - Gross national expenditure (current LCU)

The value for Gross national expenditure (current LCU) in Iceland was 2,962,700,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 2,962,700,000,000 in 2020 and a minimum value of 459,501,000 in 1970.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current local currency.

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

Year Value
1970 459,501,000
1971 640,605,000
1972 766,304,000
1973 1,084,322,000
1974 1,704,190,000
1975 2,401,550,000
1976 3,082,908,000
1977 4,511,822,000
1978 6,689,499,000
1979 10,066,860,000
1980 16,467,020,000
1981 25,970,320,000
1982 42,087,470,000
1983 67,742,350,000
1984 91,722,310,000
1985 124,481,000,000
1986 158,389,000,000
1987 217,098,000,000
1988 266,761,000,000
1989 317,766,000,000
1990 373,841,000,000
1991 414,931,000,000
1992 409,103,000,000
1993 408,059,000,000
1994 424,547,000,000
1995 444,942,000,000
1996 491,401,000,000
1997 534,238,000,000
1998 629,637,000,000
1999 679,061,000,000
2000 758,373,000,000
2001 809,120,000,000
2002 840,487,000,000
2003 902,640,000,000
2004 1,024,880,000,000
2005 1,185,970,000,000
2006 1,430,720,000,000
2007 1,511,650,000,000
2008 1,622,800,000,000
2009 1,495,550,000,000
2010 1,515,460,000,000
2011 1,629,410,000,000
2012 1,738,760,000,000
2013 1,818,330,000,000
2014 1,953,400,000,000
2015 2,137,880,000,000
2016 2,345,380,000,000
2017 2,523,450,000,000
2018 2,750,170,000,000
2019 2,909,640,000,000
2020 2,962,700,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts