General government final consumption expenditure rose 16.3% to USD 7,028 bil in Iceland in 2021, according to the National Statistical Office.
Historically, general government final consumption expenditure in Iceland reached an all time high of USD 7,028 bil in 2021 and an all time low of USD 26.8 bil in 1960. When compared to Iceland's main peers, general government final consumption expenditure in Denmark amounted to USD 96,770 bil, USD 112,725 bil in Norway, USD 164,558 bil in Sweden and USD 700,830 bil in United Kingdom in 2021.
Iceland has been ranked 86th within the group of 150 countries we follow in terms of general government final consumption expenditure, 13 places above the position seen 10 years ago.
| General Government 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 | 109,181 | 110,742 | 115,799 | 125,727 | 123,381 | ||||||||||||||||
| Denmark | USD bil | 77,088 | 77,867 | 81,078 | 86,624 | 83,604 | ||||||||||||||||
| Finland | USD bil | 57,190 | 56,993 | 58,255 | 63,141 | 62,264 | ||||||||||||||||
| France | USD bil | 580,719 | 586,893 | 613,598 | 649,500 | 627,191 | ||||||||||||||||
| Germany | USD bil | 661,168 | 690,543 | 732,281 | 790,232 | 787,165 | ||||||||||||||||
| Iceland | USD bil | 4,104 | 4,784 | 5,855 | 6,341 | 6,068 | ||||||||||||||||
| Ireland | USD bil | 36,489 | 38,181 | 41,453 | 46,343 | 47,983 | ||||||||||||||||
| Netherlands | USD bil | 191,229 | 193,533 | 202,768 | 222,741 | 224,045 | ||||||||||||||||
| Norway | USD bil | 89,657 | 89,841 | 95,639 | 101,581 | 98,603 | ||||||||||||||||
| Russia | USD bil | 242,228 | 235,770 | 286,769 | 293,519 | 306,477 | ||||||||||||||||
| Sweden | USD bil | 129,904 | 135,954 | 140,786 | 144,748 | 137,491 | ||||||||||||||||
| United Kingdom | USD bil | 572,469 | 516,538 | 499,368 | 531,440 | 543,215 |
Helgi Library 
