Final consumption expenditure rose 17.5% to USD 20,211 bil in Iceland in 2021, according to the National Statistical Office.
Historically, final consumption expenditure in Iceland reached an all time high of USD 20,211 bil in 2021 and an all time low of USD 376 bil in 1970. When compared to Iceland's main peers, final consumption expenditure in Denmark amounted to USD 278,391 bil, USD 300,854 bil in Norway, USD 443,628 bil in Sweden and USD 2,593,519 bil in United Kingdom in 2021.
Iceland has been ranked 103rd within the group of 151 countries we follow in terms of final consumption expenditure, 15 places above the position seen 10 years ago.
| Final Consumption Expenditure (USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Belgium | USD bil | 346,539 | 354,922 | 374,583 | 407,037 | 398,439 | ||||||||||||||||
| Denmark | USD bil | 219,682 | 224,008 | 235,047 | 254,271 | 246,282 | ||||||||||||||||
| Finland | USD bil | 184,944 | 187,808 | 194,157 | 209,504 | 203,409 | ||||||||||||||||
| France | USD bil | 1,899,009 | 1,928,805 | 2,014,574 | 2,153,317 | 2,090,116 | ||||||||||||||||
| Germany | USD bil | 2,439,682 | 2,521,046 | 2,655,523 | 2,860,906 | 2,808,335 | ||||||||||||||||
| Iceland | USD bil | 12,807 | 15,030 | 18,243 | 19,545 | 18,462 | ||||||||||||||||
| Ireland | USD bil | 132,653 | 139,143 | 148,434 | 164,444 | 164,820 | ||||||||||||||||
| Netherlands | USD bil | 536,083 | 543,360 | 572,468 | 626,108 | 619,832 | ||||||||||||||||
| Norway | USD bil | 257,593 | 257,867 | 273,554 | 289,331 | 278,044 | ||||||||||||||||
| Russia | USD bil | 960,507 | 915,632 | 1,119,067 | 1,128,249 | 1,180,107 | ||||||||||||||||
| Sweden | USD bil | 362,471 | 372,418 | 388,130 | 398,576 | 377,408 | ||||||||||||||||
| United Kingdom | USD bil | 2,461,982 | 2,268,162 | 2,230,026 | 2,401,191 | 2,381,303 |
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